Tech Sell-Off: Down 51%, This Hot Growth Stock Looks Like a Screaming Buy

Shares of Synaptics (NASDAQ: SYNA) have been hammered in 2022 amid the broader stock market sell-off, but the chipmaker's latest results indicate that it could be a winner in the long run thanks to the impressive growth drivers it is sitting on.

The company, whose chips are used in multiple applications such as the Internet of Things (IoT), smartphones, and personal computers (PCs), reported impressive growth on May 5 when it released results for its fiscal 2022 third quarter, which ended on March 26. Synaptics' numbers were better than Wall Street was looking for, and its guidance also exceeded expectations.

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Source Fool.com