=Synaptics (SYNA) to be acquired by Dialog Semiconductor (DLGNF)?

Dialog Semiconductor Plc rose after the technology company said it’s proceeding with an attempted takeover of Synaptics Inc., helping it take a step forward in its effort to reduce its reliance on sales to Apple Inc.

Any transaction will be subject to U.S. and certain foreign regulatory approvals and the approval of the Synaptics and Dialog boards and Synaptics stockholders. Synaptics does not intend to make any additional comments regarding the discussions, and any further statements will be made if and when appropriate.

=Synaptics (SYNA) reported earnings on Thur 27 Oct 2016 (a/h)

SAN JOSE, Calif. (AP) _ Synaptics Inc. (SYNA) on Thursday reported fiscal first-quarter profit of $3.7 million.

On a per-share basis, the San Jose, California-based company said it had profit of 10 cents. Earnings, adjusted for one-time gains and costs, came to 96 cents per share.

The results did not meet Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1 per share.

The maker of touch-screen technology posted revenue of $386.2 million in the period, exceeding Street forecasts. Seven analysts surveyed by Zacks expected $374.3 million.

Synaptics shares have declined 16 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $67.70, a fall of 20 percent in the last 12 months.