NEW YORK (TheStreet) -- Shares of Synaptics (SYNA - Get Report) are gaining by 9.67% to $89.12 on heavy trading volume late Thursday morning, as the company is still in active talks with a state-backed Chinese investment group on a deal that values it at about $110 per share, according to sources cited by Bloomberg.

The San Jose, CA-based touch-screen technology maker is aiming to announce a deal by the end of the month when it posts earnings, the sources added.

The Chinese investment group, whose investors include a BOE Technology Group Co.-backed fund, is still discussing the price, which could be a few dollars above or below $110 per share, a source told Bloomberg.

Based on Synaptics' closing price of $81.27 on Wednesday, the company is valued at about $3 billion.

Chinese buyers have sought out U.S. semiconductor companies in an effort to expand the Asian nation's domestic technology, Bloomberg noted.

About 2.01 million of the company's shares were traded by late this morning, well above its average volume of 530,527 shares per day.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of B on the stock.

This is driven by a number of strengths, which should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks covered. 

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, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations.

The team believes its strengths outweigh the fact that the company has had lackluster performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: SYNA