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 higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 0.5%. By the end of trading, Synaptics rose $1.10 (2.8%) to $40.00 on heavy volume. Throughout the day, 1,493,052 shares of Synaptics exchanged hands as compared to its average daily volume of 910,300 shares. The stock ranged in a price between $38.83-$40.00 after having opened the day at $38.83 as compared to the previous trading day's close of $38.90. Other companies within the Computer Hardware industry that increased today were:
), up 11.4%,
), up 8.1%,
), up 6.7% and
), up 5.7%.
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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 $1.3 billion and is part of the technology sector. Shares are up 31.8% year to date as of the close of trading on Tuesday. Currently there are 7 analysts that rate Synaptics a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. 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.
- You can view the full Synaptics Ratings Report.
On the negative front,
), down 13.6%,
), down 6.0%,
), down 5.8% and
), down 5.8% , were all laggards within the computer hardware industry with
) being today's computer hardware industry laggard.
- Use our computer hardware section to find industry-relevant news.
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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
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