Craig-Hallum analyst Anthony Stoss reiterated a Buy rating on Synaptics and raised his price target to $56 from $51 after the company reported results in-line with expectations, with September guidance below estimates. Stoss points out that Synaptics guided FY19 revenues to grow low-single-digits which was below estimates, due to the decision to walk away from the expected low margin optical fingerprint business and a shortage in capacity for TDDI materials, but notes that this will actually bode well for the company's mix over time as they are walking away from lower margin business, and should meaningfully grow EPS in 2019 despite slower revenue growth.