Synaptics Inc. (SYNA): Today's Featured Computer Hardware Winner

Synaptics ( SYNA) pushed the Computer Hardware industry higher today making it today's featured computer hardware winner. The industry as a whole closed the day down 1.6%. By the end of trading, Synaptics rose 18 cents (0.7%) to $26.15 on average volume. Throughout the day, 647,698 shares of Synaptics exchanged hands as compared to its average daily volume of 516,200 shares. The stock ranged in a price between $25.69-$26.32 after having opened the day at $25.94 as compared to the previous trading day's close of $25.97. Other companies within the Computer Hardware industry that increased today were: Network Equipment Technologies ( NWK), up 9.7%, OCZ Technology Group ( OCZ), up 3.5%, Hewlett-Packard ( HPQ), up 3.3%, and Rimage Corporation ( RIMG), up 3%.

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. Synaptics has a market cap of $877 million and is part of the technology sector. The company has a P/E ratio of 16.1, equal to the average computer hardware industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 13.9% year to date as of the close of trading on Wednesday. Currently there are six analysts that rate Synaptics a buy, one analyst rates it a sell, and four rate it a hold.

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 and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the negative front, NetApp ( NTAP), down 12.3%, Dataram Corporation ( DRAM), down 10%, Crossroads Systems Incorporated ( CRDS), down 7.2%, and Aruba Networks ( ARUN), down 6.9%, were all losers within the computer hardware industry with Cisco Systems ( CSCO) being today's computer hardware industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the computer hardware industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the computer hardware industry could consider ProShares Ultra Short Semiconductor ( SSG).

If you liked this article you might like

Broadcom and Others Should Be iPhone 8 Winners, but Synaptics Might Be a Loser

Synaptics: Cramer's Top Takeaways

What's Getting In This Rally's Way: Cramer's 'Mad Money' Recap (Thurs 8/24/17)

Broadcom and Others Should Be iPhone 8 Winners, But Synaptics Might Be a Loser

Apple Suppliers Sink Amid iPhone Concerns