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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Synaptics ( SYNA) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole was unchanged today. By the end of trading, Synaptics fell $1.51 (-3.6%) to $40.30 on average volume. Throughout the day, 803,274 shares of Synaptics exchanged hands as compared to its average daily volume of 831,900 shares. The stock ranged in price between $40.07-$41.60 after having opened the day at $41.23 as compared to the previous trading day's close of $41.81. Other companies within the Computer Hardware industry that declined today were: Acorn Energy ( ACFN), down 4.4%, Echelon Corporation ( ELON), down 3.5%, iGo ( IGOI), down 3.0% and Mercury Systems ( MRCY), down 3.0%.
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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 $1.4 billion and is part of the technology sector. The company has a P/E ratio of 21.7, above the S&P 500 P/E ratio of 17.7. Shares are up 39.8% year to date as of the close of trading on Tuesday. Currently there are 6 analysts that rate Synaptics a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Synaptics as a buy. 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.

On the positive front, Interphase ( INPH), down 7.9%, Aruba Networks ( ARUN), down 6.8%, Logitech International S.A ( LOGI), down 6.4% and OCZ Technology Group ( OCZ), down 2.9% , were all gainers within the computer hardware industry with Juniper Networks ( JNPR) being today's featured computer hardware industry leader.

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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