Synaptics Incorporated SYNA was a big mover last session, as the company saw its shares rise over 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company-as the stock is now up 22% in the past one-month time frame.
The shares rose after the company received an analyst upgrade following the launch of the first phone with an in-display fingerprint sensor, which uses Synaptics' technology.
The company has seen one positive estimate revision in the past one month, while its Zacks Consensus Estimate for the current quarter has also moved higher over the same time frame, suggesting that more solid trading could be ahead for Synaptics. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Synaptics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Synaptics Incorporated Price and Consensus
A better ranked stock in the Electronics - Semiconductors industry is Mellanox Technologies, Ltd. MLNX which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here .
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