What does Synaptics do?

Synaptics designs computer chips that let devices sense touch, recognize fingerprints, process voice and audio, drive displays, and connect wirelessly over Wi-Fi and Bluetooth. Its newer focus is edge AI processors that run AI directly on devices like smart home gadgets, cars, industrial machines and robots. Its chips are used in PCs, laptops, phones, automotive and IoT products.

What is Synaptics's fair value?

On an owner-earnings DCF, Synaptics's most-likely fair value is about $72, versus a recent price near $120. A margin-of-safety estimate, not a price target. Analysis, not advice.

Technology · Semiconductors · SYNA

What Synaptics Does & How It Makes Money (SYNA)

Updated October 2026 · reflects Synaptics's latest reported financials

Chipmaker for touch, displays, wireless connectivity and edge AI processing. Synaptics earns revenue by selling semiconductor chips and related development kits and software to device makers, through direct sales, outside sales representatives, distributors and value-added resellers.

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How Synaptics makes money

Synaptics earns revenue by selling semiconductor chips and related development kits and software to device makers, through direct sales, outside sales representatives, distributors and value-added resellers.

What Synaptics does

Synaptics Incorporated is a San Jose-based semiconductor company, incorporated in 1986, that supplies chips for how people interact with devices: touch controllers, fingerprint biometrics (Natural ID), voice and audio processing, display drivers, and DisplayLink/DisplayPort technology for connecting external displays. It also has a broad wireless portfolio covering Wi-Fi, Bluetooth, Bluetooth Low Energy, Zigbee, Thread, Matter and GPS/GNSS. The company is positioning itself around edge AI. Its Astra platform combines AI processors with development kits, open software frameworks and AI/ML toolchains for smart home, industrial, automotive, robotics and 'physical AI' uses. PCs and mobile are still core markets, and it sells its products through direct sales, sales representatives, distributors and value-added resellers.

Products & services

Astra edge AI platform
DisplayLink graphics and docking connectivity
Natural ID fingerprint sensors
Touch controllers and display driver ICs (DDIC)
Wi-Fi, Bluetooth, Zigbee, Thread and Matter wireless chips
Multimedia SoCs and voice/audio processors

What is Synaptics worth?

On an owner-earnings DCF, Synaptics's most-likely value is about $72 versus a recent price near $120 (39% above fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$34) with a margin of safety — so the honest verdict here is “Fairly priced — no edge.” Fair value earns its keep only at the extremes, not in the wide middle.

Verdict: Fairly priced — no edge

Owner-earnings fair value · recent price ≈ $120

Fair value (most likely)

$72

Range

$49–$133

No-growth floor

$34

Price

~$120

Price sits in the normal range — fair value isn't actionable here; it earns its keep only when price drops below the no-growth floor, or runs to roughly double the optimistic case.

Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →

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