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What: Shares of Synaptics
So what: Revenue for the quarter was $133.4 million, which resulted in non-GAAP earnings per share of $0.57. Both figures topped the Street's estimates, which were $132.6 in sales and $0.47 per share in profit.
Now what: The company also authorized a $100 million buyback program and has almost completed its transition into making only chips for touchscreen devices in the mobile market, which promises higher margins. Other players in the touchscreen microcontroller market are also seeing some upside today, including Atmel
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Fool contributor Evan Niu owns shares of Atmel and Cypress Semiconductor, but he holds no other position in any company mentioned. Click here to see his holdings and a short bio. Motley Fool newsletter services have recommended buying shares of Cypress Semiconductor and writing covered calls in Synaptics. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.