Have you been paying attention to shares of Synaptics (SYNA)? Shares have been on the move with the stock up 29.4% over the past month. The stock hit a new 52-week high of $191.47 in the previous session. Synaptics has gained 95.5% since the start of the year compared to the 27% move for the Zacks Computer and Technology sector and the 17.3% return for the Zacks Electronics - Semiconductors industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on August 5, 2021, Synaptics reported EPS of $2.18 versus consensus estimate of $2.For the current fiscal year, Synaptics is expected to post earnings of $9.93 per share on $1.51 billion in revenues. This represents a 20.22% change in EPS on a 12.73% change in revenues. For the next fiscal year, the company is expected to earn $10.77 per share on $1.59 billion in revenues. This represents a year-over-year change of 8.56% and 5.05%, respectively.Valuation MetricsSynaptics may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.Synaptics has a Value Score of C. The stock's Growth and Momentum Scores are A and D, respectively, giving the company a VGM Score of B.In terms of its value breakdown, the stock currently trades at 19X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 16.4X versus its peer group's average of 20.8X. Additionally, the stock has a PEG ratio of 1.9. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Synaptics currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Synaptics passes the test. Thus, it seems as though Synaptics shares could have a bit more room to run in the near term.How Does Synaptics Stack Up to the Competition?Shares of Synaptics have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? Some of its industry peers are also solid potential picks, including Alpha and Omega Semiconductor (AOSL), SMART Global Holdings (SGH), and Nova (NVMI), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices.The Zacks Industry Rank is in the top 44% of all the industries we have in our universe, so it looks like there are some nice tailwinds for Synaptics, even beyond its own solid fundamental situation. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Synaptics Incorporated (SYNA): Free Stock Analysis Report Nova Ltd. (NVMI): Free Stock Analysis Report Alpha and Omega Semiconductor Limited (AOSL): Free Stock Analysis Report SMART Global Holdings, Inc. (SGH): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research