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Steven Scruggs Comments on Synaptics

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Nov 17, 2021
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Synaptics (

SYNA, Financial), a developer of human interface (HMI) hardware and software, is experiencing astrategic shift to a higher-margin business, primarily Internet of Things (IoT) products, and continued its recent trend of announcing higher operating margins and providing favorable financial guidance. During the quarter, the company announced it was purchasing former portfolio holding, DSP Group, a communications chip designer.4 Management is executing well on this strategic shift and delivering impressive financial results.

From

Steven Scruggs (Trades, Portfolio)' FPA Queens Road Small Cap Value Fund third-quarter 2021 letter.

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