Glenview Trust co Buys 3,775 Shares of Synaptics Incorporated $SYNA

Key Points

• Glenview Trust co increased its stake in Synaptics Incorporated by 13.6%, acquiring an additional 3,775 shares to reach a total of 31,455 shares valued at $2,004,000.
• Synaptics reported $1.01 EPS for the last quarter, which exceeded analysts' estimates, and experienced a 14.3% year-over-year revenue growth with total revenue of $282.80 million.
• The company has authorized a $150 million stock repurchase plan, indicating management's belief that shares are undervalued.

Glenview Trust co boosted its stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) by 13.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,455 shares of the software maker's stock after acquiring an additional 3,775 shares during the period. Glenview Trust co owned 0.08% of Synaptics worth $2,004,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SYNA. Toronto Dominion Bank bought a new stake in Synaptics in the fourth quarter valued at approximately $152,895,000. Ameriprise Financial Inc. grew its position in shares of Synaptics by 22.5% during the 1st quarter. Ameriprise Financial Inc. now owns 6,098,453 shares of the software maker's stock worth $388,587,000 after buying an additional 1,118,559 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Synaptics during the 1st quarter worth approximately $31,801,000. Deutsche Bank AG grew its position in shares of Synaptics by 341.9% during the 4th quarter. Deutsche Bank AG now owns 189,398 shares of the software maker's stock worth $14,455,000 after buying an additional 146,540 shares during the period. Finally, Nuveen LLC acquired a new stake in shares of Synaptics during the 1st quarter worth approximately $6,596,000. 99.43% of the stock is currently owned by institutional investors.

Synaptics Price Performance

Shares of SYNA opened at $69.10 on Thursday. Synaptics Incorporated has a 12-month low of $41.80 and a 12-month high of $89.81. The business's fifty day moving average is $67.25 and its 200 day moving average is $62.72. The company has a quick ratio of 2.26, a current ratio of 2.78 and a debt-to-equity ratio of 0.60. The stock has a market cap of $2.67 billion, a P/E ratio of -57.11 and a beta of 1.63.

Synaptics (NASDAQ:SYNA - Get Free Report) last issued its earnings results on Thursday, August 7th. The software maker reported $1.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $280.12 million. During the same period last year, the business earned $0.64 EPS. Synaptics's quarterly revenue was up 14.3% compared to the same quarter last year. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. Sell-side analysts anticipate that Synaptics Incorporated will post 0.96 earnings per share for the current fiscal year.

Synaptics declared that its Board of Directors has authorized a stock repurchase plan on Thursday, August 7th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the software maker to repurchase up to 6.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SYNA. Barclays began coverage on shares of Synaptics in a research report on Monday, August 18th. They set an "overweight" rating and a $78.00 price objective for the company. Zacks Research downgraded shares of Synaptics from a "hold" rating to a "strong sell" rating in a research report on Friday, August 15th. Finally, Wall Street Zen downgraded shares of Synaptics from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $91.33.

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.

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