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Synaptics Inc (SYNA.OQ)

SYNA.OQ on NASDAQ Stock Exchange Global Select Market

40.78USD
14 Dec 2017
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$-0.63 (-1.52%)
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Latest Key Developments (Source: Significant Developments)

Synaptics says ‍implemented and notified impacted employees of a reduction in force program ​
Friday, 17 Nov 2017 04:13pm EST 

Nov 17 (Reuters) - Synaptics Inc :Synaptics Inc says ‍implemented and notified impacted employees of a reduction in force program ​.Synaptics Inc - reduction in force program will eliminate about 156 employee positions and reduce global headcount by about seven percent.Says ‍will also implement a space consolidation program impacting certain of its locations​.Synaptics Inc - co expects reduction in force charges, having primarily of severance & other one-time benefits, to be in range of $8.0 -$10.0 million.Synaptics - co anticipates these charges to be primarily recognized in Q2 of fiscal 2018, with additional costs to be recognized in H2 of fiscal 2018.  Full Article

Synaptics ‍credit agreement for revolving credit facility has principal amount of up to $200 million​
Monday, 2 Oct 2017 04:15pm EDT 

Oct 2 (Reuters) - Synaptics Inc :Synaptics Inc says ‍on September 27, 2017, Synaptics incorporated entered into an amendment and restatement agreement​ - sec filing.Synaptics Inc - ‍credit agreement provides for a revolving credit facility in a principal amount of up to $200 million​.Synaptics Inc - ‍under amendment, co may request increases in revolving credit facility commitments in an aggregate principal amount of up to $100 million​.  Full Article

Synaptics Inc files for offering of up to 726,666 shares of co's common stock‍​ by the selling stockholder - SEC filing
Friday, 4 Aug 2017 05:45pm EDT 

Aug 4 (Reuters) - Synaptics Inc :Synaptics Inc files for offering of up to 726,666 shares of co's common stock‍​ by the selling stockholder - SEC filing.  Full Article

Synaptics Q4 revenue $426.5 million
Thursday, 3 Aug 2017 04:15pm EDT 

Aug 3 (Reuters) - Synaptics Inc ::Synaptics reports results for fourth quarter and fiscal 2017.Q4 revenue $426.5 million versus I/B/E/S view $426.5 million.Q4 non-GAAP earnings per share $1.18.Q4 GAAP earnings per share $0.51.Sees Q1 2018 revenue $380 million to $420 million.Q4 earnings per share view $1.16 -- Thomson Reuters I/B/E/S.SYNAPTICS INC - for fiscal 2018, expect to generate low single-digit top-line growth weighted towards second half of year.  Full Article

Synaptics closes acquisition of Conexant Systems
Wednesday, 26 Jul 2017 04:05pm EDT 

July 26 (Reuters) - Synaptics Inc :Synaptics closes acquisition of Conexant Systems.  Full Article

Synaptics Inc announces pricing of $500 mln in convertible senior notes due 2022
Tuesday, 20 Jun 2017 11:24pm EDT 

June 21 (Reuters) - Synaptics Inc ::Synaptics incorporated announces pricing of $500 million in convertible senior notes due 2022.Pricing of $500 million aggregate principal amount of 0.50 percent convertible senior notes due 2022.Synaptics Inc - expects to use net proceeds from sale of notes to pay off about $123.8 million outstanding under, and terminate, its term loan facility.Synaptics Inc - expects to use net proceeds from sale of notes to repurchase approximately $94 million aggregate amount of shares of its common stock.  Full Article

Synaptics Inc announces offering of $450 mln in convertible senior notes due 2022
Tuesday, 20 Jun 2017 04:02pm EDT 

June 20 (Reuters) - Synaptics Inc :Synaptics Incorporated announces offering of $450 million in convertible senior notes due 2022.Synaptics Inc says expects to grant initial purchasers for offering an option to purchase up to an additional $50 million aggregate principal amount of notes.Synaptics - expects to use proceeds from sale of notes t in part to pay off about $123.8 million outstanding under, and terminate, its term loan facility.Synaptics-To also use proceeds from sale in part to repurchase up to $100.0 million amount of shares of its common stock under authorized repurchase program.  Full Article

Synaptics Inc enters into that certain securities purchase agreement
Monday, 12 Jun 2017 05:29pm EDT 

June 12 (Reuters) - Synaptics Inc : :Synaptics Inc - on June 11, entered into that certain securities purchase agreement .Synaptics Inc - sees Q4 revenue to be between $420 million to $430 million .Synaptics Inc - upon terms in conexant purchase agreement, company will acquire all of outstanding limited liability company interests of conexant.Synaptics Inc - purchase price for Conexant acquisition will consist of $300 million in cash, 726,666 shares of company's common stock.Synaptics Inc - on June 11, entered asset purchase agreement by and between company and marvell international.Synaptics - co, Lakestar Semi, CNXT Holdings agreed to indemnify each other for certain losses, and $16.8 million of purchase price will be held in Escrow.Synaptics-Upon terms in marvell purchase deal,co will buy assets of multimedia solutions business of marvell technology;purchase price $95 million in cash.Synaptics Inc - with the acquisitions, co expects gross margins to be accretive immediately.Synaptics Inc - expects acquisitions to increase its total addressable market opportunity by 38 percent or $2.8 billion to $10.3 billion by 2020.  Full Article

Synaptics to buy Conexant Systems and multimedia solutions business of Marvell Technology
Monday, 12 Jun 2017 04:25pm EDT 

June 12 (Reuters) - Synaptics Inc :Synaptics accelerates consumer iot strategy with acquisitions of conexant systems, llc and multimedia solutions business of marvell technology group.Synaptics inc says expects transaction to be accretive to its non-gaap earnings per share in first year following close.Synaptics inc says intends to fund transactions through a combination of cash and debt financing.Synaptics inc says also announced signing of a definitive agreement to acquire multimedia solutions business of marvell technology group.  Full Article

Synaptics reports Q3 GAAP earnings per share $0.13
Thursday, 27 Apr 2017 04:15pm EDT 

April 27 (Reuters) - Synaptics Inc :Synaptics reports results for third quarter fiscal 2017.Q3 non-GAAP earnings per share $1.27.Q3 GAAP earnings per share $0.13.Q3 revenue rose 10 percent to $444.2 million.Sees Q4 2017 revenue $410 million to $450 million.Q3 earnings per share view $1.20, revenue view $430.2 million -- Thomson Reuters I/B/E/S.Q4 revenue view $431.5 million -- Thomson Reuters I/B/E/S.Synaptics Inc - expect to deliver modest top-line growth for year, with revenue on order of $1.7 billion.  Full Article

BRIEF-Synaptics says ‍implemented and notified impacted employees of a reduction in force program ​

* Synaptics Inc says ‍implemented and notified impacted employees of a reduction in force program ​