- ON Semiconductor to acquire a firm, targeting ~$200M annual synergies and boosting adjusted EPS by mid‑2027; deal aims to expand edge‑AI products for automotive and industrial markets.
- ON Semiconductor plunged about 12% premarket after announcing an all-stock deal to buy IoT firm Synaptics, an enterprise-value transaction near $7 billion—largest move impacting ON shares today.
- Analysts raised ON Semiconductor price targets: Evercore to $137, B. Riley to $135, Susquehanna to $140. Ratings kept bullish. Price-target increases may affect trader positions and risk views.
- ON Semiconductor says a deal speeds its move into intelligent systems, merging power and sensing with connected compute and control to enable sensing, decision, action and adaptation in physical AI.
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Key facts: ON to buy Synaptics; shares drop 12% premkt; targets raised
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ON Semiconductor to acquire a firm, targeting ~$200M annual synergies and boosting adjusted EPS by mid‑2027; deal aims to expand edge‑AI products for automotive and industrial mark