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10 Tech Stocks With High Free Cash Flow Yields

4. Synaptics (SYNA - Get Report) is a worldwide developer and supplier of custom-designed user interface solutions that enable people to interact with a variety of mobile computing, communications, entertainment and other electronic devices.

For the nine months ended March 2011, cash generated from operations stood at $64.5 million compared to $77.6 million in the corresponding period last year. Subsequently, cash and cash equivalents soared 17.4% to $246.3 million from $209.9 million. Moreover, free cash flow stood at $105 million, while FCF yield was 11%.

For full year ended Dec. 2010, revenue jumped 177.4% to $443.1 million from $159.8 million in 2009. Moreover, the company swung to net income of $20.1 million, or 87 cents per share, as opposed to a loss of $20 million, or 94 cents per share, a year ago. Cash and cash equivalents stood at $34.6 million, up 30% year-over-year, while current ratio improved to 2.68 from 2.16.

Of the 18 analysts covering the stock, 33% recommend a buy, while 50% rate a hold. Analysts expect an average 11.9% upside to $32.05 in value from current levels. The stock has gained 6.1% in the last one month and is trading at a PE of 14.5

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