|Day's Range||31.07 - 32.20|
|52 Week Range||31.07 - 118.90|
|PE Ratio (TTM)||6.14|
|Dividend & Yield||0.23 (6.19%)|
|1y Target Est||N/A|
Q1 2017 Fingerprint Cards AB Earnings Call
Shares of Synaptics (SYNA), makers of fingerprint-recognition technology, are down $3.95, or 8%, at $47.55, worse than the broader Nasdaq's decline of 1.4%, the sell-off apparently prompted by a a report earlier today by Swedish company Fingerprint Cards, a sharply lower outlook for the current quarter. Responding this afternoon is Robert Stone with Cowen & Co., who reiterates an Outperform rating on the stock, and a $75 price target, writing that Synaptics is "less exposed to fingerprint sensors and China overall,” gets most of its business from Samsung Electronics (005930KS), and has good prospects in new technology like OLED displays and "under-glass” products. Much of what Fingerprint mentioned, writes Stone, doesn’t really apply to Synaptics: FINGb withdrew 2017 revenue guidance and expects weakness to continue into Q2, blaming seasonality and inventory build up in the channel.
European shares ended lower on Tuesday, reversing earlier gains as jitters about U.S. President Donald Trump's ability to push through reforms overshadowed soothing news from the French presidential debate. The pan-European STOXX 600 index ended down 0.5 percent.