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Tech Stocks to Buy: Synaptics (SYNA)

Tech Stocks to Buy: Synaptics (SYNA)synaptics syna stock

Synaptics, Incorporated (NASDAQ:SYNA) produces human interface solutions, including touchpads and fingerprint IDs.

This firm presents an opportunity for those who will pass on buying Methode and want a stock that has been beaten up by the market lately. Synaptics is down 31% year-to-date and trades at 16.5% above its 52-week low. Methode, on the other hand, has soared from the low $30s in November to $42 a share now.

Synaptics stock may trade at 39.2 times earnings, more expensive than MEI in that regard, but it trades at a discount to MEI on other measures. Synaptics trades at 10.6 times forward earnings (as opposed to 15.8 for MEI) and 8.85 times free cash flow. This is less than half of Methode’s multiple of 17.8 times free cash flow.

Synaptics also trades at a lower multiple of book value than Methode.

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