Synaptics Is Leaning Into IoT. Its Strategy Officer Kept $7 Million in Stock

Synaptics' Chief Strategy Officer Satish Ganesan sold 1,465 shares for tax withholding purposes, retaining 61,834 shares worth $7.1 million. The transaction signals confidence in the company's strategic pivot toward IoT and edge computing, where Core IoT sales jumped 31% last quarter with full-year IoT revenue expected to exceed $385 million, while legacy mobile touch business declines.