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Synaptics (SYNA) in Focus: Stock Moves 10.8% Higher

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Synaptics IncorporatedSYNA was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the near-flat trend of $41.63 to $42.85 in the past one month time frame.

The upside was driven by reports of a potential buyout of the company.

The company has seen four negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Synaptics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Synaptics Incorporated Price

Synaptics Incorporated Price | Synaptics Incorporated Quote

A better-ranked stock in the Electronics - Semiconductors industry is Mellanox Technologies, Ltd. MLNX , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .

Is SYNA going up? Or down? Predict to see what others think: Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>

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Synaptics Incorporated (SYNA): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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