This Tech Stock Can Offer More Upside

Synaptics (NASDAQ: SYNA) has held its ground impressively amid the novel coronavirus pandemic thanks to its diversified business, which relies on personal computers, smartphones, and the Internet of Things (IoT). Investors have kept their faith in Synaptics stock so far in 2020, and it looks like the trend is all set to continue given the company's latest quarterly results.

Known for making human interface solutions such as touchscreen controllers and display drivers, Synaptics beat Wall Street's fiscal fourth-quarter expectations. It also offered attractive guidance that should pave the way for more upside in this semiconductor stock, which is sitting on multiple catalysts, including 5G wireless network upgrades.