Exploring $SYNA Valuation Discount
- Comments Off on Exploring $SYNA Valuation Discount
- Dec, 16, 2016
- Sundeep Bajikar
- 4SAFEt, OLED, Self-Driving Car, Stock Analysis, VR/AR
SYNA stock is down ~25% YTD, trading at EV/S of ~1x (vs. peer group at ~3x+), a valuation discount worth exploring. Synaptics was affected by the Samsung Galaxy Note 7 fiasco over the last year, as well as a secular shift toward integrated touch+display-driver (TDDI), starting with lower-margin low-end phones in China. The shift toward […]
Read More$PLAB AMOLED Inflection in 2017
- Comments Off on $PLAB AMOLED Inflection in 2017
- Sep, 22, 2016
- Sundeep Bajikar
- 4SAFEt, OLED, Self-Driving Car, Stock Analysis, VR/AR
Photronics (PLAB) makes photo masks for semiconductor and display panel manufacturing. The chart below shows PLAB’s revenue mix. Over the last 6 quarters, flat-panel display (FPD) revenues have grown on average at 18% YoY, while IC revenues grew at 4%. If the display industry inflects toward AMOLED, as I think it is likely to, PLAB’s […]
Read More