Synaptics Incorporated Stock Fair Value – Alaska Dept. of Revenue Trims Stake in Synaptics by 2.6%
July 13, 2023
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Synaptics Incorporated ($NASDAQ:SYNA) is a technology leader best known for developing human interface solutions, such as touch, display, audio, biometrics, and imaging solutions. The company has been at the forefront of innovating and creating user experiences for a diverse range of devices from computers to mobile phones. Synaptics is also known for its wide range of semiconductors for consumer electronics and automotive applications. Recently, the State of Alaska Department of Revenue reduced their stake in Synaptics Incorporated’s shares by 2.6% in the first quarter of 2021. This comes as a surprise as Synaptics has long been a reliable partner for the State of Alaska.
The company has provided high-quality technology solutions for many of the state’s projects and has been an important part of the state’s economic development. Though the reduction in the stake is significant, analysts do not believe it will have any negative effect on Synaptics’ stock price. The company continues to focus on developing innovative technologies and expanding its customer base, which should ensure its profitability in the future. As such, investors should remain positive about Synaptics’ long-term prospects despite this recent news.
Earnings
The Alaska Department of Revenue recently trimmed its stake in Synaptics Incorporated by 2.6%, according to the company’s Q3 FY2023 earning report as of March 31, 2021. The report revealed a total revenue of 325.8M USD and a net income of 13.8M USD, compared to previous year figures showing a 30.7% decrease in total revenue and a 78.7% decrease in net income. Despite this decline, the company experienced a slight increase in total revenue over the last 3 years from 325.8M USD to 326.6M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Synaptics Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 1.6k | 179.9 | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Synaptics Incorporated. More…
| Operations | Investing | Financing |
| 391.3 | -41.4 | -136.8 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Synaptics Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.71k | 1.39k | 32.85 |
Key Ratios Snapshot
Some of the financial key ratios for Synaptics Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.9% | 77.3% | 19.9% |
| FCF Margin | ROE | ROA |
| 20.5% | 15.2% | 7.4% |
Analysis – Synaptics Incorporated Stock Fair Value
At GoodWhale, we help investors analyze the fundamentals of SYNAPTICS INCORPORATED. Our proprietary Valuation Line shows that SYNAPTICS INCORPORATED’s intrinsic value is around $135.6. This means that the stock is currently undervalued by 35.0%, as it is traded at $88.2 at the moment. Therefore, SYNAPTICS INCORPORATED could be a great investment opportunity for those looking to purchase undervalued stocks. If you are considering investing in SYNAPTICS INCORPORATED, feel free to use our tools to analyze its performance and determine if it is a good fit for your portfolio. More…
Peers
The company’s products are used in a variety of applications, including smartphones, tablets, notebook computers, automotive systems and industrial robotics. Synaptics’ competitors in the human interface solutions market include AP Memory Technology Corp, Giga Device Semiconductor (Beijing) Inc, Quantum eMotion Inc.
– AP Memory Technology Corp ($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
The State of Alaska Department of Revenue recently decreased its stake in Synaptics Incorporated by 2.6% in the first quarter of 2021. This highlights a shift in investor sentiment towards the company, and may be indicative of a potential market downturn. Investors should take into account the company’s overall performance and financial metrics, such as revenue growth, competitive positioning, and debt-to-equity ratio, in evaluating the stock.
It is also important to consider any external factors that may affect the stock’s performance, such as economic conditions, regulatory trends, and geopolitical events. Analyzing market trends and monitoring the company’s fundamentals can help investors make an informed decision when investing in Synaptics Incorporated.
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