Synaptics (NASDAQ:SYNA) has crushed the broader stock market handsomely around the previous 12 months many thanks to its shift to a better-margin enterprise product, and it appears to be like the shares have much more upside to present presented the company’s newest quarterly effects.
The chipmaker’s fiscal 2021 first-quarter earnings jumped substantially over the prior-calendar year time period on the again of strong momentum across the Pc, cell, and the Online of Points (IoT) businesses. Synaptics exceeded its personal expectations final quarter, and promises to have a nice pipeline of style and design wins and new merchandise ramps that could enable it move into a greater equipment in this new fiscal year.
Let’s see why Synaptics could keep on being a leading tech stock and sustain its outstanding rally.
Synaptics is making the right moves
Synaptics’ fiscal very first-quarter profits came in at $328.4 million, down