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 0.1%. By the end of trading, Synaptics rose $0.66 (1.6%) to $41.24 on average volume. Throughout the day, 637,422 shares of Synaptics exchanged hands as compared to its average daily volume of 785,200 shares. The stock ranged in a price between $40.35-$41.28 after having opened the day at $40.83 as compared to the previous trading day's close of $40.58. Other companies within the Computer Hardware industry that increased today were: Hauppauge Digital ( HAUP), up 8.5%, Acorn Energy ( ACFN), up 7.4%, Interphase ( INPH), up 6.4% and Performance Technologies ( PTIX), up 5.1%.

Synaptics Incorporated develops, markets, and sells custom-designed human interface solutions for electronic devices and products primarily in China, South Korea, Taiwan, Japan, and the United States. Synaptics has a market cap of $1.4 billion and is part of the technology sector. Shares are up 36.0% year to date as of the close of trading on Thursday. 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 attractive valuation levels. 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, Crossroads Systems ( CRDS), down 19.5%, iGo ( IGOI), down 8.0%, Dot Hill Systems Corporation ( HILL), down 6.4% and OCZ Technology Group ( OCZ), down 5.8% , were all laggards within the computer hardware industry with Stratasys ( SSYS) 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

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Stocks Trade Mixed, Energy Shares Fall on Sharp Drop in Oil Prices

Component Stocks Rise After Trump Reverses Decision on ZTE

Component Stocks Rise After Trump Reverses Decision on ZTE

Crude Slides as Russia Eases Cuts and U.S. Oil Producers Boost Rig Count

Crude Slides as Russia Eases Cuts and U.S. Oil Producers Boost Rig Count

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping

Best Buy's Billionaire Founder: We Were 'Late to the Game' in Online Shopping