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.