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 1.1%. By the end of trading, Synaptics fell $0.95 (-1.5%) to $62.10 on average volume. Throughout the day, 1,568,532 shares of Synaptics exchanged hands as compared to its average daily volume of 1,142,000 shares. The stock ranged in price between $61.22-$63.32 after having opened the day at $62.81 as compared to the previous trading day's close of $63.05. Other companies within the Computer Hardware industry that declined today were: Cray ( CRAY), down 2.9%, Mad Catz Interactive ( MCZ), down 2.3% and Echelon Corporation ( ELON), down 1.8%.

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 $2.3 billion and is part of the technology sector. Shares are up 25.8% 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 1 rates 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, notable return on equity, solid stock price performance and impressive record of earnings per share growth. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Aruba Networks ( ARUN), up 6.0%, 3D Systems Corporation ( DDD), up 5.9%, Identive Group ( INVE), up 4.9% and Datalink Corporation ( DTLK), up 4.3% , were all gainers within the computer hardware industry with SanDisk ( SNDK) 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).

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