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This Nasdaq Stock Grew 45% Last Quarter, and It Is a Terrific Bargain Right Now

TheMotleyFool

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This Nasdaq Stock Grew 45% Last Quarter, and It Is a Terrific Bargain Right Now

Share prices of Synaptics (NASDAQ: SYNA) are down 55% in 2022 amid the broader stock market weakness, but one look at the chipmaker's terrific string of quarterly results should tell you that buying this technology stock is a no-brainer right now.

Synaptics' chips are primarily used in Internet of Things (IoT) applications, in addition to smartphones and personal computers (PCs). The company's reliance on the IoT market is the reason why it has been clocking terrific growth quarter after quarter.