SYNA Stock Recent News

SAN JOSE, Calif., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) today announced a leadership transition under which Michael Hurlston is stepping down as President and Chief Executive Officer and as a member of the Board of Directors, effective immediately. As separately announced today, Hurlston will assume the role of CEO at Lumentum Holdings Inc.

Synaptics (SYNA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

The massive growth in the global semiconductor industry, fueled by automotive, AI, IoT, memory and networking markets, is set to benefit PI, SYNA, LITE and FORM stocks.

Solidifies wireless roadmap with Wi-Fi 8 and UWB, grows addressable market, and expands its Android™ ecosystem Solidifies wireless roadmap with Wi-Fi 8 and UWB, grows addressable market, and expands its Android™ ecosystem

Synaptics' FY2024 revenue declined by 29%, primarily due to weak Core IoT and Enterprise/Automotive segments, despite a recovery in the Mobile segment. Management's growth targets are optimistic, projecting a 10-15% CAGR, driven mainly by Core IoT, which is expected to grow at 25-30% CAGR. Our competitive analysis shows Synaptics' wireless chips lag behind top competitors, but its IoT processors are strong, ranking second among peers.

SAN JOSE, Calif., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced that it will report financial results for the second quarter of fiscal 2025 on Thursday, February 6, 2025, after the market closes. The Company will host a corresponding conference call for analysts and investors at 2:00 p.m. PT (5:00 p.m. ET), during which management may discuss forward-looking information.

SAN JOSE, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA ) today announced its participation in an upcoming investor conference.

Synaptics May Face Near-Term Headwinds Before Mass Production

Shares of Synaptics (SYNA) surged more than 6% Thursday after the developer of technology for the Internet of Things (IoT) announced an artificial intelligence (AI) collaboration with Alphabet's (GOOGL) Google.

The shares of Synaptics Inc (NASDAQ:SYNA) are up 5.9% at $80.85 at last glance, after news that the semiconductor name is partnering with Google parent Alphabet (GOOGL) to enhance artificial intelligence (AI) for the internet-of-things (IoT) network.