Synaptics Inc. (SYNA): Today's Featured Computer Hardware Winner

Synaptics (SYNA) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 2.7%. By the end of trading, Synaptics rose 21 cents (0.6%) to $33.62 on average volume. Throughout the day, 443,736 shares of Synaptics exchanged hands as compared to its average daily volume of 577,600 shares. The stock ranged in a price between $33-$34.11 after having opened the day at $33.51 as compared to the previous trading day's close of $33.41. Other companies within the Computer Hardware industry that increased today were: iGo (IGOI), up 4.1%, Lantronix (LTRX), up 3.4%, and Acorn Energy (ACFN), up 2.1%.

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. Synaptics has a market cap of $1.05 billion and is part of the technology sector. The company has a P/E ratio of 19.5, equal to the average computer hardware industry P/E ratio and above the S&P 500 P/E ratio of 17.7. Shares are up 13.7% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate Synaptics a buy, two analysts rate it a sell, and five rate it a hold.

TheStreet Ratings rates Synaptics as a buy. 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, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Synaptics Ratings Report.

On the negative front, Socket Mobile (SCKT), down 10.3%, Xata Corporation (XATA), down 10%, Network Equipment Technologies (NWK), down 8.2%, and Digi International (DGII), down 6.8%, were all losers within the computer hardware industry with EMC Corporation (EMC) being today's computer hardware industry loser.

• Use our computer hardware section to find industry-relevant news.
• Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology (IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor (SSG).

• Find other investment ideas from our top rated ETFs lists.

For more information on Synaptics Inc. click any of the following:

• Synaptics Inc. Stock Price

• Synaptics Inc. Analyst Ratings

• Synaptics Inc. Key Stats & Profile

• Synaptics Inc. Earnings

• Synaptics Inc. Ratio Comparison

• Synaptics Inc. Growth Rates

• Synaptics Inc. Balance Sheet

• Synaptics Inc. Cash Flow

• Synaptics Inc. Income Statement