Synaptics Added to PHLX Semiconductor Sector Index (SOX)

Rhea-AI Summary

Synaptics (SYNA) has been added to the PHLX Semiconductor Sector Index, effective September 19, 2022. This inclusion acknowledges the company's strong fundamentals and future potential within the semiconductor industry. Michael Hurlston, CEO of Synaptics, highlighted their transformation into a leading IoT semiconductor provider over the past three years. The PHLX Index measures the performance of the 30 largest US-listed semiconductor companies, indicating a significant milestone for Synaptics and its employees in the competitive semiconductor market.

Positive

• Inclusion in the PHLX Semiconductor Sector Index acknowledges Synaptics' robust fundamentals.
• Recognition reflects the company's transformation into a leading IoT semiconductor solutions provider.

Negative

• None.

SAN JOSE, Calif., Sept. 19, 2022 (GLOBE NEWSWIRE) -- Synaptics^® Incorporated (Nasdaq: SYNA) announced that the company has been added to the PHLX Semiconductor Sector Index (SOX), effective Monday, September 19, 2022.

“Inclusion into one of the reputable semiconductor indices is a recognition of our strong fundamentals and future potential,” said Michael Hurlston, President and CEO of Synaptics. “In the last three years, we have transformed Synaptics into a leading provider of IoT semiconductor solutions. I’d like to thank and congratulate all Synaptics’ employees for driving the company toward this achievement.”

The PHLX Semiconductor Sector Index is designed to measure the performance of the 30 largest US-listed semiconductor companies. The Index is a modified market capitalization-weighted index.

About Synaptics Incorporated:
Synaptics (Nasdaq: SYNA) is changing the way humans engage with connected devices and data, engineering exceptional experiences throughout the home, at work, in the car, and on the go. Synaptics is the partner of choice for the world’s most innovative intelligent system providers who are integrating multiple experiential technologies into platforms that make our digital lives more productive, insightful, secure, and enjoyable. These customers are combining Synaptics’ differentiated technologies in touch, display, and biometrics with a new generation of advanced connectivity and AI-enhanced video, vision, audio, speech, and security processing. Follow Synaptics on LinkedIn, Twitter, and Facebook, or visit synaptics.com.

Synaptics and the Synaptics logo are trademarks of Synaptics in the United States and/or other countries. All other marks are the property of their respective owners.

For further information, please contact:

Investor Contact
Munjal Shah
Synaptics Incorporated
+1-408-518-7639
Munjal.shah@synaptics.com

Media Contact
Patrick Mannion
Synaptics Incorporated
+1-631-678-1015
Patrick.mannion@synaptics.com 

FAQ

What does Synaptics' inclusion in the PHLX Semiconductor Sector Index mean for SYNA investors?

The inclusion signifies recognition of Synaptics' strong performance and potential, which may enhance investor confidence and attract more attention to the stock.

When did Synaptics become part of the PHLX Semiconductor Sector Index?

Synaptics was added to the PHLX Semiconductor Sector Index effective September 19, 2022.

Who commented on Synaptics' inclusion in the Index?

Michael Hurlston, President and CEO of Synaptics, commented on the significance of the inclusion.

How does the PHLX Semiconductor Sector Index function?

The PHLX Semiconductor Sector Index is a modified market capitalization-weighted index that measures the performance of the 30 largest US-listed semiconductor companies.