Barrons
02 Oct 2026, 10:50 UTC · 2w ago
On Semi Is Getting Synaptics at a Knock Down Price and Both Stocks Are Soaring
Impact · against what's priced in
The renegotiated acquisition price is a positive catalyst for onsemi as it directly reduces the share dilution previously priced into the stock. For Synaptics, the news is contradictory; while the stock is rising, the reduction in the acquisition price lowers the 'hard ceiling' the market currently uses to value the company.
- ON+0.30
Challenges what's priced in
- The price assumes
The 13.45% share dilution from the $7 billion all-stock acquisition of Synaptics
The price currently pays for 13.45% dilution based on a $7 billion deal; renegotiating a 'knock down price' reduces the shares issued, directly improving per-share value.
What ON's price assumes · Sep 3
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