Welcome to our dedicated page for Synaptics news (Ticker: SYNA), a resource for investors and traders seeking the latest updates and insights on Synaptics stock.
Synaptics Incorporated (Nasdaq: SYNA) regularly issues news and updates that highlight its activities in Edge AI, semiconductor technology, and corporate governance. Company press releases cover topics such as financial results, product launches, technology demonstrations, strategic collaborations, investor conference participation, and changes to the Board of Directors and equity plans.
Recent announcements include quarterly and annual financial results, where Synaptics reports revenue trends, Core IoT product performance, and the launch of new Astra multimodal GenAI processors designed for intelligent IoT Edge applications. These earnings releases are typically accompanied by conference call details and supplemental materials for investors.
Synaptics also uses news releases to introduce new products and platforms, such as the Astra SL2600 series of Edge AI processors built on the Synaptics Torq Edge AI platform, and to describe demonstrations of AI-native processing, sensing, and connectivity at industry events like CES and IBC. These updates show how the company’s Astra, Veros, and multimodal sensing technologies are applied in smart home, industrial automation, robotics, personal devices, and video streaming equipment.
Other news items describe strategic engagements and partnerships, including collaborations to advance touch and fingerprint technologies across mobile and PC platforms, as well as corporate developments like Board appointments and share repurchase authorizations disclosed through SEC filings and press releases. Investors following SYNA news can track how Synaptics presents its progress in Edge AI, product roadmaps, ecosystem relationships, and capital allocation decisions over time.
This news page aggregates these public announcements so readers can review Synaptics’ latest press releases and historical updates in one place, with a focus on information the company has chosen to share about its technology, markets, financial reporting, and governance.
Synaptics Incorporated (Nasdaq: SYNA) has announced the integration of its Rio OLED touch controllers into the latest flagship smartphones from Oppo and OnePlus, enhancing touch performance on LTPO-enabled OLED displays. This technology allows for variable refresh rates, optimizing power efficiency and ensuring a seamless user experience without interference. Independent reviews highlight remarkable battery performance with the OnePlus 9, achieving over 10 hours on rigorous testing. Synaptics aims to lead in LTPO technology, addressing challenges previously limiting its wide adoption.
Synaptics (Nasdaq: SYNA) announced an irrevocable notice of redemption for its outstanding 0.50% Convertible Senior Notes totaling $525 million, due June 15, 2022. The redemption will occur on August 4, 2021, at 100% of the principal amount plus accrued interest. Noteholders can convert their notes until August 3, 2021, at a conversion rate of 13.7267 shares per $1,000 principal. The company plans to fund the cash component of the redemption and conversions using available cash. This announcement does not constitute an offer to buy or sell securities.
Synaptics Unveils AI-Enabled Touch Controller Juneau
On May 20, 2021, Synaptics (SYNA) announced Juneau, the first AI-enabled touch controller for OLED smartphones, enhancing performance and power efficiency. Key features include a 13-bit ADC for improved signal resolution, host-based processing enabling report rates over 300Hz, and an AI-based Face Detect function that eliminates the separate IR-proximity sensor, reducing BOM costs. Juneau is already qualified for mass production by major OLED manufacturers like Samsung Display Corporation, BOE, and LG Display, marking a significant advancement in smartphone technology.
Synaptics reported strong Q3 fiscal 2021 results, with revenue of $325.8 million and a GAAP gross margin of 47.7%. The non-GAAP gross margin reached a record 55.1%, while GAAP diluted EPS was $0.35 and non-GAAP diluted EPS was $2.03. Cash flow from operations hit a record $136.4 million. The company anticipates continued strength in Q4 with expected revenue between $310 million and $340 million, and a gross margin of 50.0% to 52.0%.
Synaptics (SYNA) will announce its fiscal Q3 2021 financial results on May 6, 2021, after market close. A conference call for analysts and investors will follow at 2:00 PM PT. Participants can join by calling 1-833-614-1539 with conference ID 8343487. The call will also be available via a live and archived webcast on Synaptics' investor relations website. Synaptics is focused on enhancing user engagement across various devices, integrating advanced technologies in touch, display, and biometrics.
Synaptics has announced its Selene family of ultra-slim fingerprint sensors will be integrated into Lenovo's ThinkPad X1 Carbon Gen 9 notebook. This biometric solution allows users to power on and authenticate their devices with a simple touch, enhancing security. The Match-in-Sensor™ technology isolates fingerprint data for improved protection against device threats. The collaboration aims to provide a sleek design while addressing security needs in remote work environments. The Selene sensor is also compliant with Microsoft Secure Bio and FIDO standards.
Synaptics (SYNA) has announced a private offering of $400 million in senior unsecured notes, maturing in 2029, with a fixed interest rate of 4% per year. The proceeds, estimated at $393.9 million after costs, will be used primarily to repay $100 million in revolving credit and to address part of its existing convertible senior notes due in 2022. The offering will settle on March 11, 2021, under SEC regulations.
Synaptics (Nasdaq: SYNA) announced plans to offer $400 million in senior unsecured notes due in 2029. This private offering is aimed at qualified institutional buyers and non-U.S. persons. Proceeds will be used to repay $100 million in existing borrowings and for general corporate purposes, including repaying convertible senior notes and potential share repurchases. The offering's timing and terms depend on market conditions. The notes will not be registered under the Securities Act and cannot be sold in the U.S. without registration or an exemption.
Synaptics (Nasdaq: SYNA) announced its participation in two upcoming investor conferences. Michael Hurlston, President and CEO, will present at the Morgan Stanley Technology, Media, and Telecom Conference on March 3, 2021, at 10:15 AM EST. Interested parties can access the live webcast through Synaptics’ investor website. Additionally, Jason Tsai, Head of Investor Relations, will attend Susquehanna’s Tenth Annual Technology Conference on March 9 and 10, 2021. Synaptics focuses on enhancing user experiences across various connected devices.
Synaptics (SYNA) announced its entry into the Chromebook market with the launch of the S9861 TouchPad modules, now approved by Google. This venture targets the booming demand for Chromebooks, with shipments soaring 287% in Q4 2020, totaling nearly 31 million units for the year. Key growth drivers include remote education and work-from-home trends. The new TouchPad aims to enhance productivity and security in next-gen Chromebooks, positioning Synaptics to capitalize on rising consumer interest.