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This Tech Stock Is a Solid Bet This Earnings Season

TheMotleyFool

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This Tech Stock Is a Solid Bet This Earnings Season

Synaptics (NASDAQ: SYNA) stock has been crushing the broader market in 2021, gaining more than 50% year to date on the back of impressive growth in its Internet of Things (IoT) business. It is worth noting that the stock has managed to turn in such a solid performance despite experiencing volatility.

As the chart below shows, Synaptics got a nice shot in the arm in early May. The company's results for its fiscal third-quarter (which ended March 27) were reported, and they helped arrest its stock price slide and kick start the rally that has sent its shares higher since. A similar story could unfold when Synaptics releases its fiscal fourth-quarter results on Aug. 5.