Where is the downgrade, lowered estimates, etc.???
Per my reading of various articles, SYNA also has as customers (HTC and Huawei) that are cited as selling more mid range phones in china. Unlike the U.S, in china people don't get a free or reduced price phone for signing up for a contract. They pay full price. Samsung is also coming out with lower priced models. So far I don't see this as more than a bump in the road especially with around ten bucks in cash and investments. If anybody has more insight, please reply.
Notwithstanding its dramatic move higher in Thursday's post-market action, we feel the move in SYNA's stock is about to go into overdrive over the next 6 months. We see a quick move to $50-$55 over the next 4-6 weeks, followed by an ultimate move to $60 by the fall. Let's discuss:
Spurred by new design wins for the Samsung (SSNLF.PK) Galaxy 4, along with market share gains with smartphone manufacturers such as BlackBerry (BBRY), Huawei, ZTE (ZTCOF.PK), Lenovo (LNVGF.PK) and HTC (HTCCY.OB), Synaptics now appears poised to enjoy a meaningful 3-4 quarter ramp from here. Forward estimates will be forced to rise considerably. Moreover, given that SYNA is preparing to launch new product initiatives for its struggling notebook vertical in the second half of this year, the stage has been set for another beat and raise when the company reports its FY 2013 annual report in early August.
While Uni-Pixel Inc. (UNXL), NeoNode Inc. (NEON) and Atmel Corp. (ATML) have garnered much of the attention from investors within the touch space, Synaptics has been quietly grabbing impressive market share. With SYNA beating out Atmel on the Galaxy 4 and taking share from its competitors, we believe the stock will enjoy an upward expansion in its overall valuation. When you factor in Synaptics' buttressed balance sheet of $10 a share and its potential to earn $3.50-$4 next year, suddenly it is easy to see how SYNA shares could enjoy considerable and rapid upside from its after-hours price of $45.55.
Better be some kind of slowdown or the shorts are gonna get killed. If you read the last report this was before the S4 rollout they were hitting on all 16 cylinders not 8 lol. If you look at the price target its still 50.00 and that is way to low. Buy this stock when it goes lower and you will make killer money on it. I have for 6 months or more now.
From Forbes today: Can apple compete with Samsung in 46 billion dollar phablet market.
"The phablet market is huge and growing. Visiongain estimates that global phablet revenues will total $46 billion in 2013 and will “constitute a significant portion of global smartphone shipments by 2018. They will become cornerstones around which the next-generation product lines of leading OEMs will be built.”
How fast will phablets grow? BI Intelligence expects phablets to grow at a 63% annual rate from 150 million in 2013 to 350 million by 2016."
"Meanwhile, June 12, Samsung introduced the Galaxy Mega with a 6.3-inch display. While the device — according to phonedog, it sports ”a 1.7 GHz dual-core processor, 8-megapixel camera with 1080p HD recording, 3,200 mAh battery, and Android 4.2 Jelly Bean with TouchWiz” — is not yet available in the U.S., “rumors point to an AT&T Galaxy Mega in the not-too-distant future.”