Wealth Enhancement Advisory Services LLC Buys Shares of 8,980 Synaptics Incorporated $SYNA

Key Points

• Wealth Enhancement Advisory Services LLC acquired 8,980 shares of Synaptics Incorporated (NASDAQ: SYNA), valued at approximately $617,000, during the 2nd quarter.
• Synaptics reported Q2 earnings of $1.01 per share, which exceeded the consensus estimate, along with revenue of $282.8 million, indicating a 14.3% increase from the previous year.
• The company announced a $150 million share repurchase plan, which typically suggests management believes their stock is undervalued.

Wealth Enhancement Advisory Services LLC bought a new stake in Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,980 shares of the software maker's stock, valued at approximately $617,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SYNA. Ameriprise Financial Inc. lifted its holdings in shares of Synaptics by 22.5% in the 1st quarter. Ameriprise Financial Inc. now owns 6,098,453 shares of the software maker's stock worth $388,587,000 after acquiring an additional 1,118,559 shares during the last quarter. Trigran Investments Inc. raised its stake in Synaptics by 5.5% during the 1st quarter. Trigran Investments Inc. now owns 1,130,733 shares of the software maker's stock worth $72,050,000 after acquiring an additional 58,511 shares in the last quarter. Victory Capital Management Inc. grew its position in Synaptics by 11.8% during the 1st quarter. Victory Capital Management Inc. now owns 645,727 shares of the software maker's stock worth $41,146,000 after purchasing an additional 67,975 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new position in Synaptics during the 1st quarter worth $31,801,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Synaptics by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 474,083 shares of the software maker's stock valued at $30,209,000 after acquiring an additional 2,500 shares in the last quarter. 99.43% of the stock is currently owned by institutional investors and hedge funds.

Synaptics Stock Up 1.6%

NASDAQ SYNA opened at $69.17 on Friday. The company's 50 day simple moving average is $68.31 and its 200 day simple moving average is $63.37. The company has a market capitalization of $2.67 billion, a P/E ratio of -57.16 and a beta of 1.63. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.78 and a quick ratio of 2.26. 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 earnings results on Thursday, August 7th. The software maker reported $1.01 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.01. The business had revenue of $282.80 million for the quarter, compared to the consensus estimate of $280.12 million. Synaptics had a negative net margin of 4.45% and a positive return on equity of 4.32%. The firm's quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share. Synaptics has set its Q1 2026 guidance at 1.490-1.690 EPS. Equities research analysts expect that Synaptics Incorporated will post 0.96 earnings per share for the current fiscal year.

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays assumed coverage on shares of Synaptics in a research note on Monday, August 18th. They issued an "overweight" rating and a $78.00 price objective for the company. Weiss Ratings reissued a "sell (d)" rating on shares of Synaptics in a research report on Saturday, September 27th. Deutsche Bank Aktiengesellschaft began coverage on shares of Synaptics in a research report on Thursday, September 11th. They set a "buy" rating and a $85.00 price target for the company. Wall Street Zen lowered shares of Synaptics from a "buy" rating to a "hold" rating in a research report on Friday, August 22nd. Finally, Zacks Research upgraded shares of Synaptics from a "strong sell" rating to a "hold" rating in a research note on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.43.

Synaptics 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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