NEW YORK (

TheStreet

) --

Synaptics

(Nasdaq:

SYNA

) hit a new 52-week high Tuesday as it is currently trading at $39.67, above its previous 52-week high of $39.28 with 71,771 shares traded as of 9:40 a.m. ET. Average volume has been 424,800 shares over the past 30 days.

Synaptics has a market cap of $1.1 billion and is part of the

technology

sector and

computer hardware

industry. Shares are up 29.4% 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 23.1, above the average computer hardware industry P/E ratio of 20.4 and above the S&P 500 P/E ratio of 17.7.

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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, growth in earnings per share, 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

.

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