Synaptics (NASDAQ: SYNA) may not be a household name, but the components it makes are likely in products that you use in your household on a daily basis. From Apple‘s (NASDAQ: AAPL) iPhones to laptops to smart home appliances, Synaptics’ tech is used in a broad range of applications.
This is part of why Synaptics looked like a top growth pick at the beginning of 2021, and so far the human interface solutions provider has not disappointed. Its gains in 2021 have handsomely outpaced those of the broader market.
The good news is that investors still have an opportunity to jump on to this gravy train. The tech company has more growth ahead, and more importantly, it is trading at reasonable valuation multiples despite its rally.