Shares of Synaptics (Nasdaq:SYNA) were gapping up Wednesday morning with an open price 13.1% higher than Tuesday's closing price. The stock closed at $35.87 yesterday and opened today's trading at $40.56.
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. NEW YORK ( TheStreet) -- Shares of Synaptics (Nasdaq: SYNA) were gapping up Wednesday morning with an open price 13.1% higher than Tuesday's closing price. The stock closed at $35.87 Tuesday and opened today's trading at $40.56.
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The average volume for Synaptics has been 939,300 shares per day over the past 30 days. Synaptics has a market cap of $1.14 billion and is part of the technology sector and computer hardware industry. Shares are up 17.3% year to date as of the close of trading on Tuesday. 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. The company has a P/E ratio of 18.2, above the S&P 500 P/E ratio of 17.7. 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Synaptics Ratings Report. Get more investment ideas from our investment research center. 3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more..