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Here's Why Barron's Believes This Chip Stock Has Beaten AMD, Nvidia

  • Since 2020, chip stocks are up 82%, easily beating the 54% gain for the Nasdaq Composite, Barron's reports.

  • Big names like Advanced Micro Devices Inc (NASDAQ: AMD) and NVIDIA Corp (NASDAQ: NVDA) have gotten much of the attention, but a little-known chip maker has beat them all: Synaptics Inc (NASDAQ: SYNA).

  • Once a low-key provider of chips used for PC touchpads, mobile phone screens, and fingerprint scanners, Synaptics has turned itself into a play on the Internet of Things, which aims to bridge the physical and digital worlds, the author notes.

  • In recent months, though, Synaptics has been caught up in the broader tech selloff, with shares down 28% from their December peak.

  • Savitz contends that the pullback is a good entry point for investors who missed the original rally.

  • Price Action: SYNA shares closed lower by 3.05% at $212.11 on Friday.

Latest Ratings for SYNA

Feb 2022

Needham

Maintains

Buy

Dec 2021

Rosenblatt

Maintains

Buy

Dec 2021

Needham

Maintains

Buy

View More Analyst Ratings for SYNA
View the Latest Analyst Ratings

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