Onsemi (NASDAQ:ON) shares fell about 19% on Thursday after the semiconductor company announced an agreement to acquire Synaptics (NASDAQ: SYNA) in an all-stock transaction valued at approximately $7 billion. Shares of Synaptics added about 3% to about $130 on the news.
On Semiconductor is buying Synaptics for nearly $7 billion in its largest acquisition ever. The deal accelerates its push into physical AI.
ON Semiconductor said Synaptics's AI compute platform, human-machine interface technology, and connectivity solutions would help it meet demand for increasingly capable AI solutions that can interact with the physical world.
Does Synaptics (SYNA) have what it takes to be a top stock pick for momentum investors? Let's find out.
Synaptics Incorporated (SYNA) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
Synaptics NASDAQ: SYNA reported its sixth consecutive quarter of double-digit year-over-year revenue growth in the third quarter of fiscal 2026, with management pointing to continued strength in core IoT products and expanding customer activity in Edge AI and robotics.
Although the revenue and EPS for Synaptics (SYNA) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Synaptics (SYNA) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $1.01 per share. This compares to earnings of $0.9 per share a year ago.
Synaptics (SYNA) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Ameriprise Financial Inc. boosted its holdings in shares of Synaptics Incorporated (NASDAQ: SYNA) by 10.0% during the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,529,713 shares of the software maker's stock after buying an additional 594,235 shares during the period. Ameriprise Financial Inc.
Synaptics Incorporated (SYNA) Q2 2026 Earnings Call Transcript
While the top- and bottom-line numbers for Synaptics (SYNA) give a sense of how the business performed in the quarter ended December 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.