EntryPoint Capital LLC Invests $588,000 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 position in Synaptics Incorporated (NASDAQ:SYNA - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 9,234 shares of the software maker's stock, valued at approximately $588,000.

Other large investors have also made changes to their positions in the company. Johnson Investment Counsel Inc. purchased a new stake in shares of Synaptics during the first quarter worth about $216,000. Bank of Montreal Can boosted its stake in Synaptics by 19.3% in the 4th quarter. Bank of Montreal Can now owns 5,161 shares of the software maker's stock worth $394,000 after purchasing an additional 834 shares during the period. SG Americas Securities LLC purchased a new stake in Synaptics during the 1st quarter valued at approximately $320,000. Raymond James Financial Inc. bought a new stake in shares of Synaptics during the fourth quarter valued at approximately $371,000. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Synaptics by 4.3% in the fourth quarter. Nuveen Asset Management LLC now owns 115,441 shares of the software maker's stock worth $8,810,000 after buying an additional 4,760 shares in the last quarter. 99.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SYNA has been the subject of a number of recent analyst reports. Barclays initiated coverage on shares of Synaptics in a research note on Monday, August 18th. They set an "overweight" rating and a $78.00 price target for the company. Needham & Company LLC assumed coverage on Synaptics in a research report on Friday, May 9th. They set a "buy" rating and a $80.00 target price for the company. Wall Street Zen downgraded Synaptics from a "buy" rating to a "hold" rating in a report on Friday. Finally, Zacks Research lowered Synaptics from a "hold" rating to a "strong sell" rating in a research note on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Synaptics currently has a consensus rating of "Moderate Buy" and an average target price of $91.33.

Synaptics Trading Down 1.5%

Shares of NASDAQ SYNA traded down $1.0850 during trading hours on Monday, reaching $70.3650. The stock had a trading volume of 78,232 shares, compared to its average volume of 535,721. The company has a current ratio of 2.78, a quick ratio of 2.26 and a debt-to-equity ratio of 0.60. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -58.14 and a beta of 1.61. The business's fifty day moving average price is $65.93 and its two-hundred day moving average price is $62.79. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week high of $89.81.

Synaptics (NASDAQ:SYNA - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The software maker reported $1.01 EPS for the quarter, topping the consensus estimate of $1.00 by $0.01. Synaptics had a positive return on equity of 4.32% and a negative net margin of 4.45%.The company had revenue of $282.80 million for the quarter, compared to the consensus estimate of $280.12 million. During the same period last year, the business posted $0.64 EPS. Synaptics's quarterly revenue was up 14.3% on a year-over-year basis. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. Analysts expect that Synaptics Incorporated will post 0.96 EPS for the current fiscal year.

Synaptics announced that its board has authorized a share buyback program on Thursday, August 7th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the software maker to repurchase up to 6.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

About Synaptics

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.