Steve Scruggs Comments on Synaptics

Guru stock highlight

Nov 02, 2022

Summary

A top detractor.

Synaptics (SYNA, Financial) is a developer of human interface (HMI) hardware and software that has diversified intohigher margin internet-of-things (IoT) products. Synaptics was a large holding for the fund in 2021, and we significantly trimmed the position due to valuation.¹² The shares are back down this year with concerns about consumer technology volumes. We have been incrementally buying back shares at lower prices.

From Steven Scruggs (Trades, Portfolio)' FPA Queens Road Small Cap Value Fund third-quarter 2022 letter.

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I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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