Onsemi (NASDAQ:ON)'s proposed acquisition of Synaptics could create long-term strategic benefits, with Bank of America writing that a meeting with management increased its confidence in the rationale and potential synergies of the transaction. The analysts wrote that Synaptics adds highly complementary compute assets to Onsemi (NASDAQ:ON)'s existing strengths in power, sensing and control, supporting the company's ambition to build a complete edge AI portfolio.
Synaptics (SYNA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
onsemi TodayONonsemi$88.60 -2.05 (-2.26%) As of 11:45 AM Eastern This is a fair market value price provided by Massive. Learn more.52-Week Range$44.56▼$134.92P/E Ratio62.84Price Target$102.73Add to Watchlistonsemi's NASDAQ: ON stock price imploded by more than 25% following the unexpected acquisition of Synaptics NASDAQ: SYNA.
| Semiconductors & Semiconductor Equipment Industry | Information Technology Sector | Rahul G. Patel CEO | XMUN Exchange | US87157D1090 ISIN |
| US Country | 1,700 Employees | - Last Dividend | 2 Sep 2008 Last Split | 29 Jan 2002 IPO Date |
Synaptics Incorporated, established in 1986 and based in San Jose, California, operates on a global scale, developing, marketing, and selling semiconductor products. Catering to a wide array of clients, including mobile and PC Original Equipment Manufacturers (OEMs), Internet of Things (IoT) OEMs, automotive, and consumer electronics manufacturers, Synaptics provides innovative solutions through direct sales, outside sales representatives, distributors, and resellers. Their extensive portfolio meets a variety of market needs, from enhancing user interaction with electronic devices to facilitating advanced connectivity and security.