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

Synaptics ( SYNA) pushed the Computer Hardware industry lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 1.4%. By the end of trading, Synaptics fell $0.44 (-1.1%) to $38.55 on average volume. Throughout the day, 1,187,788 shares of Synaptics exchanged hands as compared to its average daily volume of 934,100 shares. The stock ranged in price between $38.17-$39.34 after having opened the day at $39.12 as compared to the previous trading day's close of $38.99. Other companies within the Computer Hardware industry that declined today were: Mad Catz Interactive ( MCZ), down 2.8%, Crossroads Systems ( CRDS), down 2.6%, Radisys Corporation ( RSYS), down 1.8% and Rimage Corporation ( RIMG), down 1.6%.

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 $1.2 billion and is part of the technology sector. The company has a P/E ratio of 18.6, above the S&P 500 P/E ratio of 17.7. Shares are up 19.7% year to date as of the close of trading on Wednesday. Currently there are 7 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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Ruckus Wireless ( RKUS), up 11.1%, Dot Hill Systems Corporation ( HILL), up 10.8%, Identive Group ( INVE), up 5.8% and Palo Alto Networks ( PANW), up 5.5% , were all gainers within the computer hardware industry with Hewlett-Packard ( HPQ) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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