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

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 lower today making it today's featured Computer Hardware laggard. The industry as a whole closed the day up 0.4%. By the end of trading, Synaptics fell $0.61 (-1.5%) to $40.69 on light volume. Throughout the day, 380,365 shares of Synaptics exchanged hands as compared to its average daily volume of 951,000 shares. The stock ranged in price between $40.65-$41.40 after having opened the day at $41.39 as compared to the previous trading day's close of $41.30. Other companies within the Computer Hardware industry that declined today were: Silicon Graphics International ( SGI), down 24.4%, Acorn Energy ( ACFN), down 8.9%, XRS ( XRSC), down 5.3% and Dataram Corporation ( DRAM), down 3.9%.

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 37.8% 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. 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, SMART Technologies ( SMT), up 25.1%, Stratasys ( SSYS), up 14.0%, Western Digital Corporation ( WDC), up 4.9% and Interphase ( INPH), up 4.4% , were all gainers within the computer hardware industry with EMC Corporation ( EMC) 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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