Synaptics upgraded to Buy from Hold at Needham Needham upgraded Synaptics given significant design wins and market share gains. The firm believes Synaptics has won the touch controller for Samsung's Galaxy S4 and that the company has won significant share at most of the leading smartphone platforms. Price target is $52.
Synaptics upgraded to Outperform from Perform at Oppenheimer Oppenheimer upgraded Synaptics (SYNA) to Outperform with a $105 price target due to unjustified weakness. The firm said the Digitimes article claiming Apple (AAPL) is developing an in-house TDDI solution is highly speculative, and if true, is unlikely to come to fruition until 2018. The firm said a TDDI solution is difficult to build and Synaptics is likely to continue to gain share in DDIC.