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

Synaptics ( SYNA) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware loser. The industry as a whole closed the day up 0.6%. By the end of trading, Synaptics fell 46 cents (-1.6%) to $27.96 on light volume. Throughout the day, 335,632 shares of Synaptics exchanged hands as compared to its average daily volume of 575,700 shares. The stock ranged in price between $27.84-$28.61 after having opened the day at $28.43 as compared to the previous trading day's close of $28.42. Other company's within the Computer Hardware industry that declined today were: Xata Corporation ( XATA), down 9.5%, Echelon Corporation ( ELON), down 5.5%, Socket Mobile ( SCKT), down 3.8%, and Immersion Corporation ( IMMR), down 3.5%.

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 $952.5 million and is part of the technology sector. The company has a P/E ratio of 17.5, above the average computer hardware industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7. Shares are down 5.7% year to date as of the close of trading on Tuesday. Currently there are six analysts that rate Synaptics a buy, one analyst rates it a sell, and three rate it a hold.

TheStreet Ratings rates Synaptics as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

On the positive front, Mitek Systems ( MITK), up 11.9%, Universal Display Corporation ( PANL), up 9.5%, SMART Technologies ( SMT), up 7.3%, and MTS Medication Technologies ( MTSI), up 5.7%, were all gainers within the computer hardware industry with International Business Machines ( IBM) being today's featured computer hardware industry winner.

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).
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