This Internet of Things Stock Is About to Zoom Higher

Synaptics (NASDAQ: SYNA) stock has been on fire on the market over the past six months thanks to solid growth across the Internet of Things (IoT), personal computer (PC), and mobile businesses, and the company's latest quarterly report indicates that its rally could get stronger.

The chipmaker's third-quarter earnings arrived at the higher end of its guidance range and surpassed Wall Street's expectations thanks to a sharp jump in margins. Synaptics also delivered solid guidance for the current quarter. Let's look at the factors driving Synaptics' impressive growth and find out why the stock could jump higher after a strong performance so far in 2021.