Investigation Overview
An investigation on behalf of investors in shares of Synaptics, Incorporated (NASDAQ:SYNA) was announced over potential breaches of fiduciary duties by certain officers and directors at Synaptics, Incorporated.
The investigation by a law firm concerns whether certain Synaptics, directors breached their fiduciary duties.
San Jose, CA based Synaptics Incorporated is engaged in the development, marketing and sale of intuitive human interface solutions for electronic devices and products. Synaptics, Incorporated reported that its Total Revenue rose from over $1.66 billion for the 12 months period that ended on June 25, 2016 to over $1.71 billion for the 12 months period that ended on June 24, 2017 and that its Net Income for those time periods declined from $72.20 million to $48.80 million.
Shares of Synaptics, Incorporated (NASDAQ:SYNA) declined from $86.19 per share in April 2016 to as low as $37.73 per share on September 8, 2017.