425 ·Filed Jun 26, 2026

ON

ON SEMICONDUCTOR CORP
NEUTRAL
Impact 3/10
Horizonweeks Processed3mo ago SEC0001140361-26-026586
Rule 425 M&A communications
Actionable Insight • Neutral

No new deal terms or catalysts. Monitor for regulatory filings (S-4) and shareholder votes for next material updates. The stock's reaction to the announcement is already reflected.

DirectionNeutral
Confidencehigh
Horizonweeks
Final — all horizons settled through T+60d ⚠ clustered
ON ▼ -16.90% at T+60d
NEUTRAL call ✗ call lost -16.90% · α vs SPY -21.29% · entry $88.57 → $73.60
Entry anchored
Jun 26, 04:16 PM ET
via exchange tick
T+1d
+6.74%
call +6.74% · α +5.96%
$94.54
settled 3mo ago
T+5d
+6.91%
call +6.91% · α +5.52%
$94.69
settled 3mo ago
T+20d
-1.99%
call -1.99% · α -1.71%
$86.81
settled 2mo ago
T+60d
-16.90%
call -16.90% · α -21.29%
$73.60
settled 10d ago

Price Chart

Loading chart...

Executive Summary

Onsemi filed a Reuters news article reprinting its June 25 announcement of the ~$7B all-stock acquisition of Synaptics. This is a routine deal-related communication with no new financial terms, regulatory updates, or changes to transaction structure. The filing confirms the deal is progressing and management continues to promote the strategic rationale.

Key Financial Metrics

Deal Value
$7.0B
Premium
19%
Deal Type
acquisition

Key Facts

  • Onsemi to acquire Synaptics in an all-stock deal valued at ~$7 billion.
  • Synaptics shareholders will receive 1.350 shares of Onsemi common stock per share, representing a 19% premium based on 10-day VWAP.
  • Deal expected to help increase Onsemi's addressable market by $30B to $243B by 2030.
  • Onsemi shares fell ~10% in extended trading on the announcement; Synaptics shares rose >10%.
  • Filing is a reprint of a Reuters article dated June 25, 2026 — no new material information.

Financial Impact

~$7 billion enterprise value, all-stock

enterprise valueexchange ratiopremium

Risk Factors

  • Regulatory approval not guaranteed; antitrust review may be intense given combined semiconductor market presence.
  • Synaptics stockholder vote required; deal could be delayed or blocked.
  • Integration risks and synergy realization may fall short of $200M annual target.

Market Snapshot

Exchange
Nasdaq
Sector
Semiconductors & Related Devices
Analyst Consensus
51% bullish (43 analysts)

Investment Themes

Semiconductors

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
425 Filing (Primary)0001140361-26-026586
Document: 0001140361-26-026586-index-headers.html0001140361-26-026586
Document: 0001140361-26-026586-index.html0001140361-26-026586
Document: 0001140361-26-026586.txt0001140361-26-026586
23 reports for ON
Performance horizon
100% Hit rate 8 of 8 directional calls best @ T+20▲ +29.60%Apr 27, 2026
Filters
Rows
Reports for ON — sortable, filterable
TypeNow
Aug 21, 2026
6w ago
S-4
NEUTRAL ★ 6/10
$74.21 $71.72▼ −3.36%▼ −4.37%$84.89 (+14.39%)
Aug 13, 2026
7w ago
425
BULLISH ★ 5/10
$81.56 $76.14▼ −6.65%▼ −4.90%$84.89 (+4.08%)
Aug 13, 2026
7w ago
8-K
BULLISH ★ 5/10
$81.56 $76.14▼ −6.65%▼ −4.90%$84.89 (+4.08%)
Aug 3, 2026
8w ago
8-K
BULLISH ★ 7/10
$80.78 $72.65▼ −10.06%▼ −8.83%$84.89 (+5.09%)
Aug 3, 2026
8w ago
Press Release
BULLISH ★ 6/10
$80.78 $72.65▼ −10.06%▼ −8.83%$84.89 (+5.09%)
Jun 30, 2026
13w ago
425
NEUTRAL ★ 4/10
$94.54 $89.04▼ −5.82%▼ −4.79%$84.89 (−10.21%)
Jun 26, 2026
13w ago
425
NEUTRAL ★ 3/10
$88.57 $86.81▼ −1.99%▼ −1.71%$84.89 (−4.15%)
Jun 26, 2026
13w ago
425
NEUTRAL ★ 3/10
$88.57 $86.81▼ −1.99%▼ −1.71%$84.89 (−4.15%)
Jun 26, 2026
13w ago
425
NEUTRAL ★ 4/10
$88.57 $86.81▼ −1.99%▼ −1.71%$84.89 (−4.15%)
Jun 26, 2026
13w ago
425
NEUTRAL ★ 3/10
$88.57 $86.81▼ −1.99%▼ −1.71%$84.89 (−4.15%)
Showing 10 of 23

US Market Status

Market Closed — Opens Mon (65h 28m)

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access