Synaptics (NASDAQ: SYNA) has beaten the broader stock market handsomely over the past year thanks to its shift to a higher-margin business model, and it looks like the shares have more upside to offer given the company's latest quarterly results.
The chipmaker's fiscal 2021 first-quarter earnings jumped significantly over the prior-year period on the back of strong momentum across the PC, mobile, and the Internet of Things (IoT) businesses. Synaptics exceeded its own expectations last quarter, and claims to have a nice pipeline of design wins and new product ramps that could help it move into a higher gear in this new fiscal year.
Let's see why Synaptics could remain a top tech stock and sustain its impressive rally.
For further details see:
Why You Should Be Buying This Tech Stock in November