Synaptics Inc Stock Price, News & Analysis

Synaptics (SYNA) announced the integration of its innovative Katana platform into Lenovo's Yoga Tab 11, delivering AI-enhanced voice processing capabilities. The Katana system-on-chip leverages advanced neural networks, enabling far-field noise suppression and acoustic echo cancellation, ensuring high-quality voice recognition in noisy environments. This collaboration, which continues a successful partnership between the two companies, aims to improve user interaction through energy-efficient technology. Future enhancements like biometric identification are also anticipated, broadening the scope of the Katana platform.

Synaptics (Nasdaq: SYNA) will participate in two upcoming investor conferences. Dean Butler, CFO, will present at the J.P. Morgan 20th Annual Tech/Auto Forum on January 5, 2022, at 1:00 PM PT, with a webcast available online. Michael Hurlston, CEO, will present at the 24th Annual Needham Virtual Growth Conference on January 12, 2022, at 11:45 AM PT, also offering a webcast. Synaptics focuses on enhancing user experiences through innovative technologies.

Synaptics (SYNA) has completed its acquisition of DSP Group for approximately $549 million in cash. This acquisition, first announced in August 2021, enhances Synaptics' portfolio in AI and voice processing technologies. The integration of DSP Group's SmartVoice and ULE wireless technologies is expected to drive cross-selling opportunities and improve Synaptics' offerings for smart connected devices. The acquisition will be financed through a $600 million senior secured term loan, with updated guidance for Q2 FY2022 projecting revenue of $410 million to $430 million and non-GAAP EPS of $3.00 to $3.20.

Synaptics Incorporated (Nasdaq: SYNA) has announced its participation in several upcoming investor conferences. CFO Dean Butler will present at Credit Suisse’s 25th Annual Technology Conference on November 30, 2021, at 2:05 PM PT, and will also present at the 5th Annual Virtual Wells Fargo TMT Summit on December 1, 2021, at 7:40 AM PT. Additionally, Butler will attend the UBS Global TMT Virtual Conference on December 7, 2021. Synaptics continues to innovate in touch, display, and biometrics technologies, enhancing user experiences across various sectors.

Synaptics Incorporated (SYNA) announced strong Q1 FY2022 results, reporting revenue of $372.7 million, exceeding expectations. The company achieved a record GAAP gross margin of 53.2% and a record non-GAAP gross margin of 58.0%. GAAP diluted EPS was $0.99, while non-GAAP diluted EPS hit $2.68. Notably, IoT revenue soared 70% YoY, constituting 55% of Q1 revenue. Looking ahead, Synaptics forecasts Q2 revenue between $390 million and $420 million and anticipates continued strong demand for its IoT products despite ongoing semiconductor supply constraints.

Synaptics has launched the AudioSmart AS33970 headset platform, the first single-chip solution enabling both Environmental Noise Cancellation (ENC) and Active Noise Cancellation (ANC). This innovative architecture significantly reduces system cost, size, and complexity while improving battery life by 35-55% compared to existing wireless headsets. The AS33970 also necessitates fewer components, making it lighter and more comfortable. This platform meets the Microsoft Teams™ Open Office Premium specification without the need for a boom mic.

Synaptics Incorporated (Nasdaq: SYNA) will report its financial results for Q1 fiscal 2022 on November 4, 2021, after market hours. The company will conduct a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results and may provide forward-looking insights. Analysts and investors can join the call by dialing 1-833-614-1539, using conference ID 9484096. An archived webcast will be available on Synaptics' website after the call.

Synaptics (SYNA) has partnered with Edge Impulse to advance machine learning on embedded devices. The collaboration integrates Synaptics' Katana Ultra Low-Power Edge AI Platform with Edge Impulse's software to expedite the development of custom AI models for IoT applications. The partnership aims to enhance the efficiency of developing low-power AI devices, reducing model creation time to as little as five minutes without coding. An evaluation kit will be available by the end of 2021, allowing customers to optimize machine learning models using their datasets.