New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 11, 2014
11:24 EDTSYNA, AAPLSynaptics jumps after acquiring provider of chips to Apple
Shares of Synaptics (SYNA) are jumping after the company confirmed last night that it had agreed to buy Renesas SP Drivers. Synaptics develops gesture and touch sensing technologies for smartphones. Renesas SP Drivers supplies display driver chips for Apple's (AAPL) iPhone. WHAT'S NEW: Synaptics announced that it would buy the outstanding shares of Renesas SP Drivers for $475M. Synaptics said the deal would increase its potential market by 1.5x and advance its touch and display driver integration initiative. Renesas SP Drivers generated about $650M in revenue in the year ending in March, Synaptics reported. Synaptics last night also raised its fourth quarter revenue guidance to $300M-$310M from $275M-$295M. ANALYST REACTION: In a note to investors earlier today, Craig-Hallum analyst Anthony Stoss wrote that the deal is positive for Synaptics, as the transaction will help the company rapidly scale and accelerate the deployment of its fully integrated touch display driver solutions. The deal will also help Synaptics expand its potential market, according to Stoss, who raised his price target on the shares to $90 from $80 and reiterated a Buy rating on the stock. Meanwhile, John Vinh, an analyst at research firm Pacific Crest, called the acquisition "a game changer" for Synaptics in a note to investors earlier today. By integrating display drivers into its touch controller, Synaptics can position itself for additional sales to Apple and other companies, Vinh believes. The analyst raised his price target on Synaptics to $110 from $80 and kept an Outperform rating on the stock. WHAT'S NOTABLE: Reuters reported on May 27, citing sources, that Japan's Renesas planned to sell its 55% stake in the unit, which the news service said is the sole supplier of display driver chips for the iPhone, to Synaptics. Apple had also been in talks about a possible purchase of the unit, but the sources said those talks failed to progress, according to Reuters. PRICE ACTION: In late morning trading, Synaptics jumped $14.64, or 22%, to $81.14.
News For SYNA;AAPL From The Last 14 Days
Check below for free stories on SYNA;AAPL the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | all recent news | >>
September 9, 2014
06:35 EDTAAPLApple looking to refocus on 9.7-inch iPad in 2H14, DigiTimes Research says
Apple looks to refocus its aggressiveness on the new 9.7-inch iPad and overall iPad shipments in Q3 are expected to return to growth, reports DigiTimes Research. For the full year, however, the weakening demand in Europe and the US, the upcoming larger iPhones and the delay of the next-generation iPad mini are expected to impact iPad sihpments, with the volume estimated to be lower than 70M units. Reference Link
06:33 EDTAAPLApple may call 5.5-inch iPhone 'iPhone 6 Plus,' Business Insider reports
Apple may call the 5.5-inch iPhone the "iPhone 6 Plus," Business Insider reports, citing Japanese Apple blog Macotakara. The 4.7-inch version of the device is expected to be called the iPhone 6. Reference Link
06:20 EDTAAPLForrester: Apple could sell 10M iWatches this year, FT reports
Subscribe for More Information
06:18 EDTAAPLNXP Semiconductors volatility low into Apple event
Subscribe for More Information
06:15 EDTAAPL, SYNASynaptics volatility low into Apple event
Subscribe for More Information
September 8, 2014
16:00 EDTAAPLOptions Update; September 8, 2014
Subscribe for More Information
13:59 EDTAAPLApple tests support ahead of product announcement
The shares are down less than a percent to $98.20 ahead of Tuesday's expected product announcements. At that price the shares are below the 30-week moving average, but above the 50-week moving average at $96.92. So far there appears little in the way of significant technical damage in spite of recent concerns from the sell-side community. A breakdown tomorrow below the 50-day moving average following the announcements would be cause for greater concern. A move below $95 would break the intermediate-term uptrend on a technical basis. Conversely a move back above the $101 area, near the 10-day moving average, would signal an all-clear on a technical basis for higher prices. The life high for the shares is at $103.74.
13:51 EDTAAPLApple may launch both iPhone models on Sept 19, Apple Insider reports
Apple may launch both iPhone 6 models on September 19, reports Apple Insider. Citing rumors from iGen.fr, the larger 5.5-inch model may not lag behind the 4.7-inch model after all although quantities of the larger version could be limited. Reference Link
11:19 EDTAAPLApple begins sending email alerts when iCloud accounts assessed, MacRumors says
Subscribe for More Information
11:15 EDTAAPLApple to unveil a new product
The product launch will be held on September 9 at 1 pm. Webcast Link
09:56 EDTAAPLGT Advanced risk profile 'neutral at best' into Apple event, says Canaccord
Subscribe for More Information
09:40 EDTAAPLActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TWTR TSLA YHOO BAC FB MSFT NFLX GILD MCD
09:29 EDTAAPLCraig-Hallum says Integrated Device likely in Apple iWatch
Subscribe for More Information
09:25 EDTAAPLAlleged leaked images of Apple's iWatch show mic, speaker, Siri, 9to5Mac says
Subscribe for More Information
08:40 EDTAAPLApple volatility increases into September 9 press event
Subscribe for More Information
07:35 EDTAAPLAmazon mulls Fire phone UK exclusively deal with O2, FT says
In an effort to rival Apple (AAPL) and Samsung (SSNLF) in the premium smartphone industry, Amazon (AMZN) is in final-stage discussions to sell its new Fire smartphone exclusively through Telefonica’s (TEF) O2 throughout the UK, reported the Financial Times. Reference Link
07:22 EDTAAPLFormer GT Advanced manager points to sapphire covers at Apple, MacRumors says
While neither Apple (AAPL) nor GT Advanced (GTAT) have confirmed that Apple plans to use sapphire covers for its upcoming iPhones, a former product manager at GT claims on his LinkedIn profile that he played a key role in selling Apple on sapphire display covers for its "mobile devices," according to MacRumors, citing a prior report from TechViking. Reference Link
06:44 EDTAAPLApple's iWatch could have own App Store, will run third-party apps, 9to5Mac says
Subscribe for More Information
06:24 EDTAAPLGT Advanced September volatility elevated into Apple event
Subscribe for More Information
06:21 EDTAAPLSmartwatch market to reach $10B by 2018, says Citigroup
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use