Synaptics ( (SYNA) ) just unveiled an announcement.
On February 3, 2025, Synaptics announced the resignation of CEO Michael Hurlston, effective immediately, as he transitions to lead Lumentum Holdings Inc. Ken Rizvi, the current CFO, has been appointed as interim CEO, while Nelson Chan assumes the role of interim Executive Chairman. The company has begun searching for a new CEO, considering both internal and external candidates. Synaptics also reported preliminary financial results for the second quarter of fiscal 2025, expecting revenue of $267 million. The company remains focused on executing its growth roadmap amidst these leadership changes, ensuring delivery of next-generation products and solutions.
More about Synaptics
Synaptics Incorporated, listed on Nasdaq as SYNA, is an innovator in AI at the Edge, providing advanced solutions that enhance digital experiences through technologies like AI-Native embedded compute, wireless connectivity, and multimodal sensing. The company focuses on transforming interactions with connected devices across various environments, including home, work, and mobile settings.
YTD Price Performance: 2.93%
Average Trading Volume: 585,027
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $3.4B
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