Synaptics (NASDAQ: SYNA) has crushed the stock market in 2021. Shares of the chipmaker have shot up more than 160% this year thanks to terrific demand for its chips that power Internet of Things (IoT) applications, as well as mobile and personal computer devices.
Synaptics' rally got another boost from its fiscal 2022 first-quarter results that were released on Nov. 4, which sent the stock up nearly 13% in a single day. Let's look at Synaptics' quarterly report and check why this high-flying tech stock may have more upside to offer.
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This Explosive Growth Stock Is a Buy Even After 160% Gains