Stocks on the move: M, TRNC, COTY >>> READ MORE

6 Tech Stocks to Buy for the VR Boom

The future for VR is now and these are the tech stocks to watch

      View All  

VR Tech Stocks to Buy: Synaptics (SYNA)

VR Tech Stocks to Buy: Synaptics Incorporated (SYNA)
Source: Shutterstock

Synaptics, Incorporated (NASDAQ:SYNA) is not a name that investors would associate with the future of virtual reality. Yet consumer adoption of VR will benefit Synaptics.

SYNA’s TDDI roadmap is built on the expectation TDDI will be the solution for LCD-based displays on smartphones. When that happens, the virtual reality experience on OLED smartphones will get better.

For the time being, SYNA thinks the next wave of opportunities is in the IoT and wearables market. AR and VR are also on that list. Synaptics is a great pick for value investors, as the stock is down around 40% in the past year and trades at a forward P/E of 9.8.

Virtual reality is still a small part of the business, but if the market explodes, SYNA will benefit.

Next Page

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC