Synaptics Incorporated Stock Fair Value – SYNAPTICS INCORPORATED Reports Fourth Quarter FY2023 Earnings with Revenue Decrease of 52.3%

🌥️Earnings Overview

On August 3, 2023, SYNAPTICS INCORPORATED ($NASDAQ:SYNA) reported its earnings results for the fourth quarter of FY2023, with total revenue of USD 227.3 million – a 52.3% decrease compared to the same quarter of the prior year. Net income for the quarter was USD -23.4 million, significantly lower than the USD 82.9 million reported in the same quarter of the prior year.

Analysis – Synaptics Incorporated Stock Fair Value

GoodWhale has analyzed the financials of SYNAPTICS INCORPORATED and calculated a fair value of their share worth to be around $135.8. This calculation was done using our proprietary Valuation Line and takes into account different factors such as current and historical financials, operational performance, industry trends, and more. Currently, SYNAPTICS INCORPORATED stock is traded at $89.8, which represents a 33.9% discount from the fair value, making it an attractive investment in the current market. With GoodWhale’s data and analysis, investors can make well-informed decisions about investing in SYNAPTICS INCORPORATED stock. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Synaptics Incorporated. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Synaptics Incorporated. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Synaptics Incorporated. More…

Key Ratios Snapshot

Some of the financial key ratios for Synaptics Incorporated are shown below. More…

Peers

The company’s products are used in a variety of applications, including smartphones, tablets, notebook computers, automotive systems and industrial robotics. Synaptics’ competitors in the human interface solutions market include AP Memory Technology Corp, Giga Device Semiconductor (Beijing) Inc, Quantum eMotion Inc.

– AP Memory Technology Corp ($TWSE:6531)

Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. The company has manufacturing facilities in Asia, the United States, and Europe.

– Giga Device Semiconductor (Beijing) Inc ($SHSE:603986)

Giga Device Semiconductor (Beijing) Inc is a Chinese semiconductor company with a market cap of 57.27B as of 2022. The company has a Return on Equity of 14.43%. Giga Device Semiconductor (Beijing) Inc is a leading fabless semiconductor company that designs, develops, and markets high-performance integrated circuits (ICs). The company’s products are used in a wide range of applications, including mobile devices, computers, consumer electronics, and automotive electronics.

– Quantum eMotion Inc ($TSXV:QNC)

Quantum eMotion Inc is a publicly traded company with a market cap of 14.89M as of 2022. The company has a Return on Equity of -22.72%. Quantum eMotion Inc is a provider of digital motion capture solutions. The company’s products are used in the film, television, video game, and virtual reality industries.

Summary

Synaptics Incorporated reported decreased revenue and net income in the fourth quarter of FY2023. Total revenue of USD 227.3 million was a 52.3% decrease year-over-year, while net income decreased from USD 82.9 million to USD -23.4 million for the same quarter. This could indicate a decrease in investor confidence in the company and may lead to decreased stock prices. Investors should review the company’s financials and any further information prior to making any decisions.