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Synaptics Inc. (SYNA): Today's Featured Technology Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Synaptics ( SYNA) pushed the Technology sector lower today making it today's featured Technology laggard. The sector as a whole closed the day up 0.9%. By the end of trading, Synaptics fell $1.98 (-4.7%) to $40.49 on heavy volume. Throughout the day, 1,465,438 shares of Synaptics exchanged hands as compared to its average daily volume of 877,200 shares. The stock ranged in price between $39.39-$42.50 after having opened the day at $42.40 as compared to the previous trading day's close of $42.47. Other companies within the Technology sector that declined today were: Iron Mountain ( IRM), down 15.8%, Digital Power Corporation ( DPW), down 11.1%, Intelligent Systems ( INS), down 9.8% and Trio-Tech International ( TRT), down 9.6%.

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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 in China, Japan, Taiwan, Korea, and the United States. Synaptics has a market cap of $1.4 billion and is part of the computer hardware industry. The company has a P/E ratio of 21.6, above the S&P 500 P/E ratio of 17.7. Shares are up 42.6% year to date as of the close of trading on Thursday. Currently there are 6 analysts that rate Synaptics a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Synaptics as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, good cash flow from operations and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Advanced Photonix ( API), down 29.6%, Oclaro ( OCLR), down 14.6%, 21Vianet Group ( VNET), down 10.8% and The9 ( NCTY), down 10.3% , were all gainers within the technology sector with Texas Instruments ( TXN) being today's featured technology sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

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