Core Viewpoint - Synaptics Incorporated announced a leadership transition with Michael Hurlston stepping down as President and CEO, effective immediately, to take on the CEO role at Lumentum Holdings Inc. [1][4] Leadership Transition - Ken Rizvi, the Chief Financial Officer, has been appointed as Interim CEO during this transition period [2] - Nelson Chan, Chairman of the Board, will serve as Executive Chairman until a new CEO is appointed [2] - The Board is actively searching for a new CEO, considering both internal and external candidates [2] Acknowledgments and Future Outlook - Nelson Chan expressed gratitude for Hurlston's contributions over the past five years, highlighting his role in driving innovation and growth in AI at the Edge [3] - Hurlston acknowledged the dedication of the Synaptics team and expressed pride in the company's success and innovative portfolio [3] - Ken Rizvi emphasized the opportunities ahead and the commitment to executing the growth roadmap [3] Preliminary Financial Results - Synaptics expects fiscal Q2 revenue of $267 million, which is in line with previous guidance [3] - The company anticipates gross margin to align with the mid-point of prior guidance, while operating expenses are expected to be slightly above the mid-point [3] - Projected financial metrics include: - Revenue: $265 million ± $15 million - Gross Margin: 45.0% ± 1.5% (GAAP), 53.5% ± 1.0% (Non-GAAP) - Operating Expense: $136 million ± $4 million (GAAP), $96 million ± $2 million (Non-GAAP) - Earnings per Share: ($0.45) ± $0.20 (GAAP), $0.85 ± $0.20 (Non-GAAP) [3][5] Upcoming Financial Reporting - Synaptics will provide further financial details when it reports its second quarter fiscal 2025 results on February 6, 2025 [6] - A conference call for analysts and investors is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day [6]

Synaptics (SYNA) shares rallied 9.1% in the last trading session to close at $87.87. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 5.5% gain over the past four weeks.The optimism surrounding the stock is largely driven by Synaptics' strategic revenue diversification efforts, which aim to reduce its dependence on the inherently cyclical smartphone market. Increased traction in its IoT products and Astra AI p ...

Solidifies wireless roadmap with Wi-Fi 8 and UWB, grows addressable market, and expands its Android™ ecosystemSAN JOSE, Calif., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA) announced it has accelerated its Edge AI strategy by signing a definitive licensing agreement with Broadcom that includes Wi-Fi® 8, ultra-wideband (UWB), Wi-Fi 7, advanced Bluetooth®, and next-generation GPS/GNSS products and technology for IoT and Android™ ecosystem. Strategic benefits: Accelerates Edge AI st ...

Group 1 - Khaveen Investments is a Macroquantamental Hedge Fund managing a globally diversified investment portfolio across various asset classes, countries, sectors, and industries [1] - The investment approach combines top-down and bottom-up methodologies, integrating global macro, fundamental, and quantitative strategies [1] - The fund serves accredited investors globally, including high-net-worth individuals, corporations, associations, and institutions [1] Group 2 - The strategic focus of Khaveen Investments is on transformative fields such as Artificial Intelligence, Cloud Computing, 5G, Autonomous & Electric Vehicles, FinTech, Augmented & Virtual Reality, and the Internet of Things [1]

Group 1 - Synaptics Incorporated will report its financial results for the second quarter of fiscal 2025 on February 6, 2025, after market close [1] - A conference call for analysts and investors will be held at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results and forward-looking information [1] - Participants must pre-register for the live call to receive dial-in information and a unique passcode [2] Group 2 - Synaptics is focused on AI at the Edge, enhancing user engagement with intelligent connected devices across various environments [4] - The company offers advanced solutions including Synaptics Astra™ AI-Native embedded compute and Veros™ wireless connectivity [4] - Synaptics aims to improve digital experiences through innovations in touch, display, biometrics, and AI-driven technologies [4]

Core Viewpoint - Synaptics Incorporated will participate in the 27th Annual Needham Growth Conference on January 15, 2025, where CEO Michael Hurlston will present [1] Company Overview - Synaptics (Nasdaq: SYNA) is focused on enhancing human interaction with connected devices and data, providing exceptional experiences across various environments including home, work, and automotive [1] - The company collaborates with leading intelligent system providers to integrate advanced technologies in touch, display, and biometrics with AI-enhanced capabilities [1]

SAN JOSE, Calif., Jan. 07, 2025 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (NASDAQ:SYNA) today announced its participation in an upcoming investor conference. Michael Hurlston, President and CEO, will present at the 27th Annual Needham Growth Conference on Wednesday, January 15, 2025, at 10:30 AM PT. To view the webcast or access a replay, please visit https://wsw.com/webcast/needham143/syna/2271566 About Synaptics Incorporated: Synaptics (NASDAQ:SYNA) is changing the way humans engage with connected devic ...

Core Insights - Synaptics Incorporated has announced a partnership with Alphabet to develop edge AI products utilizing Synaptics's IoT technology, which aims to enhance AI capabilities in consumer electronics [1] Company Developments - The collaboration with Alphabet is expected to solidify growth opportunities for Synaptics in the edge AI market [1] Industry Implications - The partnership highlights the increasing importance of AI technology in consumer electronics, indicating a trend towards more integrated and intelligent devices [1]

Showcases purpose-built hardware, open-source development framework, and intelligent connectivity to enable rapid development of context-aware IoT devicesSAN JOSE, Calif., Dec. 18, 2024 (GLOBE NEWSWIRE) -- Synaptics® Incorporated (Nasdaq: SYNA), a provider of AI-enhanced IoT solutions, will showcase its AI-Native processing and intelligent connectivity offerings at CES 2025. While AI is infused throughout its entire sense, process, and connect portfolio for the IoT, the company will specifically demonstrate ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .Synaptics Incorporated (NASDAQ: SYNA ) reported its first quarter of FY25 earlier this month since the stock price is ~9% higher. We're updating our thoughts on SYNA and putting the stock on the radar for investors interested in aAnalyst’s Disclosure: I/we have no stock, option or similar de ...