Synaptics Incorporated (SYNA - Free Report) 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 ESPis positive.
Synaptics Incorporated Price and Consensus
A better ranked stock in the Electronics - Semiconductors industry is Mellanox Technologies, Ltd. (MLNX - Free Report) which 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
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>