This Small Semiconductor Stock Has the Right Touch for Patient, Value Investors
One of the casualties of the change is the small semiconductor and touch screen maker Synaptics, Inc. , whose chips go into a wide range of electronic-related products, including the Internet of Things (IoT), PCs, smartphones, and displays. The excess inventory must be worked off and exaggerates the revenue falloff, which missed guidance by over $100 million on a $225 million mid-point guide. SYNA stock fell 18% on the news and is now down by 22% this year, presenting an attractive entry with a stellar risk/reward opportunity for patient, value investors who can hold until inventory clears and the next upturn in the next six to 18 months.