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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.5%. By the end of trading, Synaptics rose $1.10 (2.8%) to $40.00 on heavy volume. Throughout the day, 1,493,052 shares of Synaptics exchanged hands as compared to its average daily volume of 910,300 shares. The stock ranged in a price between $38.83-$40.00 after having opened the day at $38.83 as compared to the previous trading day's close of $38.90. Other companies within the Computer Hardware industry that increased today were: Imation Corporation ( IMN), up 11.4%, Radcom ( RDCM), up 8.1%, Extreme Networks ( EXTR), up 6.7% and Datalink Corporation ( DTLK), up 5.7%.

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 $1.3 billion and is part of the technology sector. Shares are up 31.8% year to date as of the close of trading on Tuesday. 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 no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Radisys Corporation ( RSYS), down 13.6%, OCZ Technology Group ( OCZ), down 6.0%, Mercury Systems ( MRCY), down 5.8% and Performance Technologies ( PTIX), down 5.8% , were all laggards within the computer hardware industry with Riverbed Technology ( RVBD) being today's computer hardware industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

null

More from Markets

Stocks Tumble as Trump Comments Lead to Worries Over China Trade Talks

Stocks Tumble as Trump Comments Lead to Worries Over China Trade Talks

Tiffany & Co. Sees a Strong Market in Asia

Tiffany & Co. Sees a Strong Market in Asia

Imagining the Stock Market in 10 Years

Imagining the Stock Market in 10 Years

Video: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Video: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Red Robin Slumps After Earnings Miss

Red Robin Slumps After Earnings Miss