Synaptics (SYNA)

Synaptics sells semiconductor solutions to electronics manufacturers and related supply-chain partners rather than directly to consumers. Its products can be found in smartphones, notebook computers, tablets, headsets, smart home devices, docking stations, video conferencing equipment and other connected hardware. The company operates as a single reportable business segment covering the design, marketing and sale of semiconductor products for electronic devices.

The business is exposed to the product cycles of global device makers and to demand trends across PCs, mobile electronics and IoT hardware. A significant portion of revenue is generated from customers or manufacturing activity linked to China, with additional geographic exposure in Taiwan, Japan, South Korea, the United States and other markets. Synaptics competes in areas where performance, power efficiency, integration and software support are important, particularly as device makers seek smaller components, better user experiences and more intelligent edge features.