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

Wealth Enhancement Advisory Services LLC bought a new stake in Synaptics Incorporated (NASDAQ:SYNA) 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) 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.