Published on 4 Apr 2024 on Insider Monkey via Yahoo Finance
Synaptics Incorporated (SYNA) Benefited From Rebound in PC and Smartphone Markets
TimesSquare Capital Management, an equity investment management company, released its “U.S. Small/Mid Cap Growth Strategy” fourth-quarter investor letter. A copy of the same can be downloaded here. In the fourth quarter, the strategy returned 9.80% (gross) and 9.53% (net) compared to 12.59% for the Russell 2500 Growth Index. The recent market rally can be attributed to central banks pausing their rate hikes, as well as speculation about a possible shift towards monetary easing. Additionally, concerns about limited access to skilled workers and wage inflation reduction also played a role. Also, style factors had only a minimal impact on returns this quarter, except for Beta and U.S. Volatility. In addition, please check the fund’s top five holdings to know its best picks in 2023.
TimesSquare Capital U.S. Small/Mid Cap Growth Strategy featured stocks like Synaptics Incorporated (NASDAQ:SYNA) in the fourth quarter 2023 investor letter. Headquartered in San Jose, California, Synaptics Incorporated (NASDAQ:SYNA) develops and markets human interface semiconductor solutions for electronic devices and products. On April 3, 2024, Synaptics Incorporated (NASDAQ:SYNA) stock closed at $94.63 per share. One-month return of Synaptics Incorporated (NASDAQ:SYNA) was -12.37%, and its shares lost 5.54% of their value over the last 52 weeks. Synaptics Incorporated (NASDAQ:SYNA) has a market capitalization of $3.719 billion.
TimesSquare Capital U.S. Small/Mid Cap Growth Strategy stated the following regarding Synaptics Incorporated (NASDAQ:SYNA) in its fourth quarter 2023 investor letter: