Core Insights - Synaptics reported a 12% year-over-year revenue growth for fiscal 2025, primarily driven by a 53% increase in Core IoT product sales [3][5][4] - The Board of Directors approved a new share repurchase program of up to $150 million [11][6] Fiscal 2025 Financial Highlights - Net revenue for fiscal 2025 was $1.07 billion, with a GAAP gross margin of 44.7%, down from 45.8% in the prior year [4] - Non-GAAP gross margin improved to 53.6% from 53.0% year-over-year [4] - GAAP net loss for fiscal 2025 was $47.8 million, or a loss of $1.22 per basic share, while non-GAAP net income increased by 61% to $143.9 million, or $3.62 per diluted share [4][7] Q4 Fiscal 2025 Results - Q4 net revenue was $282.8 million, with a GAAP net loss of $4.7 million, or a loss of $0.12 per basic share [3][7] - Non-GAAP net income for Q4 was $39.5 million, or $1.01 per diluted share [3][7] Business Outlook - For Q1 fiscal 2026, the company anticipates approximately 13% year-over-year revenue growth, with continued strong order activity and improved backlog [6][7] - The company repurchased $128 million worth of shares and reduced gross debt by approximately 14% or $134 million [7][6] Share Repurchase Program - The new share repurchase program has no expiration date and will be reviewed periodically based on capital allocation priorities and market conditions [11][12]

Company Overview - Synaptics Incorporated (Nasdaq: SYNA) is focused on driving innovation in AI at the Edge, enhancing user engagement with intelligent connected devices across various environments [1] - The company offers advanced solutions including Synaptics Astra™ AI-Native embedded compute, Veros™ wireless connectivity, and multimodal sensing technologies [1] Upcoming Events - Synaptics will participate in the KeyBanc Capital Markets' Technology Leadership Forum on August 11, 2025, at 10:00 AM PT, with presentations by CEO Rahul Patel and CFO Ken Rizvi [1] Product and Technology Focus - Synaptics is committed to making digital experiences smarter, faster, more intuitive, secure, and seamless through its diverse technology offerings, which include touch, display, biometrics, AI-driven wireless connectivity, video, vision, audio, speech, and security processing [1]

Core Viewpoint - Synaptics Incorporated will report its financial results for Q4 and the full year of fiscal 2025 on August 7, 2025, after market close, followed by a conference call for analysts and investors [1] Group 1: Financial Reporting - The financial results announcement is scheduled for August 7, 2025, after market close [1] - A conference call for analysts and investors will take place at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results [1] - Participants must pre-register to receive dial-in information and a unique passcode for the call [2] Group 2: Company Overview - Synaptics is focused on driving innovation in AI at the Edge, enhancing user engagement with intelligent connected devices [3] - The company offers advanced solutions such as Synaptics Astra™ AI-Native embedded compute, Veros™ wireless connectivity, and multimodal sensing [3] - Synaptics aims to create smarter, faster, and more intuitive digital experiences across various technologies including touch, display, biometrics, and AI-driven connectivity [3]

Core Insights - The article highlights the investment strategies and performance of Chris Lau, an experienced investor and economist, focusing on undervalued stocks and dividend-growth income stocks [1][2]. Group 1: Investment Strategies - The investment group DIY Value Investing shares top stock picks that are undervalued and have upcoming catalysts that the market does not expect [2]. - The group also provides recommendations for dividend-income stocks that have a long history of dividend growth, including a printable calendar and quantitative scores [2]. - Additionally, there are speculative picks aimed at high-risk allocations with potential for significant returns, described as "moonshot" opportunities [2]. Group 2: Performance Metrics - The average returns from public articles show a significant increase over the years: 2023 Average Return is 8.4%, 2022 Average Return is 6.9%, and 2021 Average Return is 29.9% [2].

Core Viewpoint - Synaptics (SYNA) shares have increased by 7.3% recently, closing at $62.48, with a potential upside of 40.6% based on Wall Street analysts' mean price target of $87.86 [1] Group 1: Price Targets and Analyst Estimates - The mean estimate consists of seven short-term price targets with a standard deviation of $11.85, indicating variability among analysts [2] - The lowest price target of $80 suggests a 28% increase, while the highest target of $105 indicates a potential surge of 68.1% [2] - Analysts' price targets can often mislead investors, as empirical research shows they rarely indicate actual stock price movements [7][10] Group 2: Earnings Estimates and Analyst Agreement - Strong agreement among analysts regarding SYNA's earnings prospects supports the expectation of an upside, as indicated by positive revisions in EPS estimates [4][11] - Over the last 30 days, the Zacks Consensus Estimate for the current year has increased by 62.3%, with three estimates moving higher and no negative revisions [12] - SYNA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13]

Core Viewpoint - Synaptics Incorporated has appointed Rahul Patel as the new President and CEO, succeeding Ken Rizvi, who served as Interim CEO since February 2025, with Patel expected to drive innovation and growth in Processing, Connectivity, and Sensing solutions [1][5]. Group 1: Leadership and Experience - Rahul Patel brings over 30 years of leadership experience in the semiconductor industry, with a strong focus on high-performance Edge-AI wireless connectivity solutions across various devices [2]. - Prior to joining Synaptics, Patel spent a decade at Qualcomm, overseeing a multi-billion-dollar portfolio in wireless networking and connectivity [3]. - Patel also held senior leadership roles at Broadcom for 13 years, significantly contributing to the expansion of Broadcom's Wi-Fi, Bluetooth, and GPS market leadership [4]. Group 2: Strategic Vision and Goals - The Board of Directors expressed confidence in Patel's ability to accelerate growth and innovation, emphasizing his expertise in wireless connectivity and successful product launches [5]. - Patel highlighted Synaptics' culture of innovation and exceptional engineering talent as key factors that will enable the company to excel in delivering next-generation technology [5]. Group 3: Company Overview - Synaptics is focused on driving innovation in AI at the Edge, enhancing user engagement with intelligent connected devices across various environments [6]. - The company offers cutting-edge solutions, including Synaptics Astra™ AI-Native embedded compute and Veros™ wireless connectivity, aimed at making digital experiences smarter and more intuitive [6].

Core Viewpoint - Synaptics (SYNA) shares have increased by 30.3% in the past four weeks, closing at $63.79, with a potential upside of 37.7% based on Wall Street analysts' mean price target of $87.86 [1] Price Targets and Analyst Estimates - The mean estimate consists of seven short-term price targets with a standard deviation of $11.85, indicating variability among analysts; the lowest estimate of $80 suggests a 25.4% increase, while the highest target of $105 indicates a potential surge of 64.6% [2] - Analysts' consensus price targets can be misleading, as their ability to set unbiased targets has been questioned [3][7] - Despite the skepticism around price targets, a strong consensus among analysts regarding improved earnings estimates supports the potential upside for SYNA [4][11] Earnings Estimates and Zacks Rank - There has been a positive trend in earnings estimate revisions, with three estimates moving higher in the last 30 days and no negative revisions, leading to a 62.3% increase in the Zacks Consensus Estimate [12] - SYNA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, indicating strong potential for near-term upside [13]

Summary of Synaptics (SYNA) FY Conference Call - May 13, 2025 Company Overview - **Company**: Synaptics (SYNA) - **Fiscal Year**: FY 2025 - **Key Focus**: Core IoT segment, AI native solutions, and various applications in consumer electronics and enterprise markets Key Points Financial Performance - **Q3 Revenue**: $267 million with earnings of approximately $0.92 per share [1] - **Q4 Guidance**: Midpoint revenue guidance of $280 million and earnings guidance of about $1 per share, indicating sequential and year-over-year growth [1] - **Core IoT Growth**: Significant year-over-year growth in the core IoT segment, expected to continue for six sequential quarters [2][4] Market Dynamics - **Inventory Levels**: Customer distribution inventory has leaned out and stabilized at pre-COVID levels, indicating healthy demand [4][5] - **Backlog Levels**: Healthy backlog entering Q4, with strong visibility into future quarters [6][10] - **Tariff Impact**: Minimal direct impact from tariffs on the company, as most solutions serve a global customer base [8][11] Growth Drivers - **Core IoT Segment**: Expected to grow over 50% year-over-year for FY 2025, driven by wireless and embedded IoT solutions [14][19] - **AI Native Solutions**: First AI native solution expected to generate revenue in FY 2027, focusing on low power usage for battery-powered applications [19][53] - **High-Performance WiFi**: Anticipated demand for WiFi 7 solutions in video-intensive applications, with an expected initial market uptake of 20% to 25% [21][22] Product Development - **Broad Market Solutions**: Launching a new broad market chip targeting a $3 billion serviceable available market (SAM), with early revenues expected in the latter half of FY 2025 [30][31] - **Processor Solutions**: Continued investment in processor technology, particularly for AI applications, with a focus on expanding market share [32][53] Enterprise and Automotive Segments - **User Presence Detection Technology**: Early adoption rates of 10% to 20% in PCs, with potential for growth as AI becomes more relevant [36][37] - **Enterprise IT Budgets**: Constrained budgets due to prioritization of AI, but potential for recovery as workforce returns to office settings [39][42] Smartphone Segment - **High-End Android Focus**: Transitioning focus to high-end Android smartphones after losing a major iOS customer, with new touch controller technology expected to drive revenue growth [43][44][46] Margin Outlook - **Gross Margins**: Expected gross margins of approximately 53.5% for June, with potential for improvement based on product mix [55][56] Long-Term Growth Strategy - **Market Expansion**: Plans to expand beyond top 20 customers to a broader customer base, investing in go-to-market strategies and reference designs [33][34] - **Revenue Growth Targets**: Aiming for core IoT growth rates of 25% to 30% over the next few years, driven by new technologies and market expansion [52][53] Additional Insights - **Customer Engagement**: Ongoing discussions with customers to adapt to global supply chain changes and demand fluctuations [9][10] - **Investment in R&D**: Continued investment in research and development to leverage new technologies across various applications [49][50] This summary encapsulates the key insights and projections from Synaptics' FY conference call, highlighting the company's financial performance, market dynamics, growth drivers, product development, and long-term strategies.

Core Insights - Synaptics Incorporated is actively participating in investor conferences during the fiscal fourth quarter of 2025, highlighting its engagement with the investment community [1][2] Company Overview - Synaptics is a leader in AI at the Edge, focusing on enhancing user interaction with intelligent connected devices across various environments [1] - The company offers advanced solutions such as Synaptics Astra™ AI-Native embedded compute, Veros™ wireless connectivity, and multimodal sensing technologies [1] - Synaptics aims to improve digital experiences by making them smarter, faster, more intuitive, secure, and seamless, covering areas like touch, display, biometrics, and AI-driven connectivity [1] Upcoming Events - Ken Rizvi, Interim CEO and CFO, will present at the J.P. Morgan 53rd Annual Global Technology, Media and Communications Conference on May 13, 2024 [2] - Ken Rizvi will also participate in TD Cowen's 53rd Annual Technology, Media & Telecom Conference on May 28, 2025 [2] - Additionally, Ken Rizvi is scheduled to take part in the Mizuho Technology Conference 2025 on June 10, 2025 [2]

Core Insights - Synaptics reported quarterly earnings of $0.90 per share, exceeding the Zacks Consensus Estimate of $0.85 per share, and showing an increase from $0.53 per share a year ago, representing an earnings surprise of 5.88% [1][2] - The company achieved revenues of $266.6 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.58% and increasing from $237.3 million year-over-year [2] - Synaptics has consistently surpassed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The future performance of Synaptics' stock will largely depend on management's commentary during the earnings call and the sustainability of the stock's price movement based on recent earnings and future expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.94, with expected revenues of $276.19 million, and for the current fiscal year, the estimate is $3.52 on $1.07 billion in revenues [7] Industry Context - The Electronics - Semiconductors industry, to which Synaptics belongs, is currently ranked in the bottom 43% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5][6]