VR Tech Stocks to Buy: Synaptics (SYNA)
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.