Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole was unchanged today. By the end of trading, Synaptics fell $1.42 (-2.8%) to $48.72 on light volume. Throughout the day, 805,755 shares of Synaptics exchanged hands as compared to its average daily volume of 1,259,400 shares. The stock ranged in price between $48.45-$50.15 after having opened the day at $49.61 as compared to the previous trading day's close of $50.14. Other companies within the Computer Hardware industry that declined today were:
), down 7.6%,
), down 7.4%,
), down 5.1% and
), down 5.1%.
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Synaptics Incorporated develops, markets, and sells custom-designed human interface solutions for electronic devices and products primarily in China, South Korea, Taiwan, Japan, and the United States. Synaptics has a market cap of $1.7 billion and is part of the technology sector. The company has a P/E ratio of 13.5, below the S&P 500 P/E ratio of 17.7. Shares are up 67.3% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate Synaptics a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, solid stock price performance and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full Synaptics Ratings Report.
On the positive front,
), up 14.3%,
), up 7.8%,
), up 2.6% and
), up 2.2% , were all gainers within the computer hardware industry with
) being today's featured computer hardware industry leader.
- 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
) while those bearish on the computer hardware industry could consider
- Find other investment ideas from our top rated ETFs lists.