Synaptics Inc (NAS:SYNA)
$ 81.26 1.02 (1.27%) Market Cap: 3.26 Bil Enterprise Value: 3.38 Bil PE Ratio: 20.57 PB Ratio: 2.22 GF Score: 77/100
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Synaptics Inc at KeyBanc Technology Leadership Forum Transcript

Aug 07, 2023 / 07:00PM GMT
Release Date Price: $93.79 (+3.38%)
John Vinh
KeyBanc Capital Markets - Analyst

Good afternoon, everybody. My name is John Vinh. I cover semis here at KeyBanc Capital Markets, and we're pleased to have Michael Hurlston, CEO of Synaptics. Welcome, Michael.

Michael Hurlston
Synaptics Incorporated - President & CEO

John, thanks for having me.

Questions & Answers

John Vinh;Michael Hurlston
KeyBanc Capital Markets - Analyst;Synaptics Incorporated - President & CEO

Sure. So why don't we obviously start with IoT, right? It seems like on the IoT front, consumer IoT's demand has started to stabilize, but you're starting to see much more destocking and more inventories on the enterprise IoT side. So I'm wondering if you could just talk about the application areas in each of these segments where there's the most amount of inventory. Is this mostly related to the DisplayLink franchise or something else?

And then conversely, maybe on consumer, would you say channel inventories are back to normal?

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