Synaptics NASDAQSYNA

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Everything around us is digital these days. The phones we use, the computers we work on, the television we watch, the home appliances we use; almost everything is digitally operated. It has now become an integral part of our lives. The ease that digital systems offer is the sole reason why it is used so much in all aspects of our lives. It makes day to day activities easy to manage and makes work faster. You can also carry out your activities without actually being physically present, with the help of digital systems. For digital systems to be usable by all, the interface has to be user friendly and easy to understand.

Investing in companies dealing in interface solutions for digital platforms is a good choice if you want good returns. These stocks have great growth potential, thanks to their wide range of applicability. With new products being launched every now and then, these companies have plenty of opportunities to perform well, thereby enabling them to provide investors with returns. If the right stocks are picked from this industry, an investor can make a significant amount of money from their investment.

Synaptics Inc. is a company engaged in providing human interface solutions. It was incorporated in 1986 and is headquartered in San Jose, California. The company’s stocks are listed on the Nasdaq index with the ticker ‘SYNA’. The company (NASDAQ: SYNA at https://www.webull.com/quote/nasdaq-syna) develops, markets, and sells intuitive human interface solutions for electronic devices and products all over the world. It offers its products and solutions for smartphones, tablets, touchscreen applications, personal computer applications. Their products also cater to mobile, handheld, wireless, and entertainment devices.

They have products like ClearPad which enables users to interact directly with smartphones, tablets, and automobiles; Clearview which provides advanced image processing with low power technology for entry-level smartphones; TouchView which integrates touch and display functions in a simplified design; and NaturalID which is a fingerprint ID used in smartphone, tablets, PCs and other peripherals. Other products include AudioSmart  which provides personal voice and audio solutions, VideoSmart, a single chip 4K UHD media processor for TVs.

The NASDAQ: SYNA stock is currently traded for $84.60. Analysts have given this stock a consensus rating of ‘buy’ and have set a price target of $90.38, indicating a potential upside of 6.8%. The company has a market cap of $2.88 billion. The company reported an EPS of $1.24 in the first quarter of 2020. The stock had a return on equity (ROE) of 21.02%. Some of its competitors are Western Digital, NetApp, Immersion, Intevac, and HGST Technologies Santa Ana.   You can do stock trading at buy stocks app.

Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.