Synaptics Reaches New 52-Week High (SYNA)

NEW YORK (TheStreet) -- Synaptics (Nasdaq:SYNA) hit a new 52-week high Tuesday as it is currently trading at $32.91, above its previous 52-week high of $32.88 with 239,136 shares traded as of 10:21 a.m. ET. Average volume has been 567,400 shares over the past 30 days.

Synaptics has a market cap of $1 billion and is part of the technology sector and computer hardware industry. Shares are up 10.7% year to date as of the close of trading on Monday.

Synaptics Incorporated develops and supplies custom-designed human interface solutions that enable people to interact with various mobile computing, communications, entertainment, and other electronic devices. The company has a P/E ratio of 18.9, below the average computer hardware industry P/E ratio of 19.3 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Synaptics as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and disappointing return on equity. You can view the full Synaptics Ratings Report.

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