EntryPoint Capital LLC Buys New Position in Synaptics Incorporated $SYNA

Key Points

• EntryPoint Capital LLC has acquired a new position in Synaptics Incorporated by purchasing 9,234 shares, valued at approximately $588,000.
• Synaptics reported earnings per share (EPS) of $1.01 for the latest quarter, surpassing analyst estimates and demonstrating a 14.3% increase in revenue year-over-year.
• The company has initiated a $150 million share buyback plan, reflecting the board's belief that the stock may be undervalued.

EntryPoint Capital LLC purchased a new stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,234 shares of the software maker's stock, valued at approximately $588,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Synaptics in the first quarter valued at $25,000. Parallel Advisors LLC raised its holdings in shares of Synaptics by 151.1% during the first quarter. Parallel Advisors LLC now owns 447 shares of the software maker's stock worth $28,000 after purchasing an additional 269 shares during the period. Banque Cantonale Vaudoise acquired a new stake in shares of Synaptics during the first quarter worth $35,000. Menard Financial Group LLC acquired a new stake in shares of Synaptics during the fourth quarter worth $37,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Synaptics by 32.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,016 shares of the software maker's stock worth $65,000 after purchasing an additional 249 shares during the period. 99.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on SYNA. Zacks Research cut shares of Synaptics from a "hold" rating to a "strong sell" rating in a report on Friday, August 15th. Needham & Company LLC began coverage on shares of Synaptics in a report on Friday, May 9th. They set a "buy" rating and a $80.00 target price on the stock. Wall Street Zen raised shares of Synaptics from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Finally, Barclays began coverage on shares of Synaptics in a report on Monday. They set an "overweight" rating and a $78.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $91.33.

Synaptics Stock Performance

Shares of Synaptics stock traded up $5.13 during trading on Friday, hitting $71.45. 678,028 shares of the stock were exchanged, compared to its average volume of 511,777. The stock's fifty day moving average is $65.93 and its 200 day moving average is $62.96. The stock has a market cap of $2.75 billion, a PE ratio of -59.05 and a beta of 1.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.26 and a current ratio of 2.78. Synaptics Incorporated has a 12 month low of $41.80 and a 12 month high of $89.81.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The software maker reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. The business had revenue of $282.80 million during the quarter, compared to analyst estimates of $280.12 million. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The company's quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 earnings per share. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. As a group, sell-side analysts anticipate that Synaptics Incorporated will post 0.96 EPS for the current year.

Synaptics declared that its Board of Directors has initiated a share buyback plan on Thursday, August 7th that authorizes the company to repurchase $150.00 million in shares. This repurchase authorization authorizes the software maker to reacquire up to 6.5% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's leadership believes its stock is undervalued.

Synaptics Company Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.