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.
Trade-Ideas LLC identified
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Synaptics as such a stock due to the following factors:
- SYNA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $105.0 million.
- SYNA has traded 16,929 shares today.
- SYNA is trading at a new lifetime high.
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More details on SYNA:
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. SYNA has a PE ratio of 16.2. Currently there are 7 analysts that rate Synaptics a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for Synaptics has been 1.1 million shares per day over the past 30 days. Synaptics has a market cap of $2.2 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.92 and a short float of 36.1% with 5.64 days to cover. Shares are up 20.2% year-to-date as of the close of trading on Friday.
rates Synaptics as a
. 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. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.
Highlights from the ratings report include:
- The revenue growth greatly exceeded the industry average of 5.5%. Since the same quarter one year prior, revenues rose by 43.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
- SYNA's debt-to-equity ratio is very low at 0.00 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 3.34, which clearly demonstrates the ability to cover short-term cash needs.
- The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Semiconductors & Semiconductor Equipment industry and the overall market, SYNAPTICS INC's return on equity exceeds that of both the industry average and the S&P 500.
- Powered by its strong earnings growth of 45.45% and other important driving factors, this stock has surged by 81.75% over the past year, outperforming the rise in the S&P 500 Index during the same period. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- SYNAPTICS INC has improved earnings per share by 45.5% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, SYNAPTICS INC increased its bottom line by earning $2.87 versus $1.59 in the prior year. This year, the market expects an improvement in earnings ($3.73 versus $2.87).
- You can view the full Synaptics Ratings Report.