8-K ·Filed Aug 13, 2026

ON

ON SEMICONDUCTOR CORP
BULLISH
Impact 5/10
Horizonmonths Processed1mo ago SEC0001140361-26-032594
8-K context-dependent: Items 8.01
Actionable Insight ▲ Bullish

The HSR clearance removes a key regulatory overhang, making the deal more likely to close. Monitor for the filing of the S-4 registration statement and Synaptics stockholder vote as the next catalysts. The mid-2027 timeline suggests limited near-term stock impact.

DirectionBullish
Confidencehigh
Horizonmonths
Latest settled — T+20d ⚠ clustered
ON ▼ -6.65% at T+20d
LONG call ✗ call lost -6.65% · α vs SPY -4.90% · entry $81.56 → $76.14
Next anchor: T+60d in 5w
Latest observation: T+32 +29.84% FF3 residual α
Entry anchored
Aug 13, 05:15 AM ET
via 1-min bar
T+1d
+1.35%
call +1.35% · α +1.55%
$82.66
settled 7w ago
T+5d
-8.40%
call -8.40% · α -6.43%
$74.71
settled 6w ago
T+20d
-6.65%
call -6.65% · α -4.90%
$76.14
settled 21d ago
T+60d
—
call — · α —
—
in 5w

Price Chart

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Executive Summary

On August 12, 2026, the FTC granted early termination of the HSR waiting period for ON Semiconductor's pending acquisition of Synaptics. This removes a key antitrust regulatory hurdle, but the deal still requires Synaptics stockholder approval and other clearances, with an expected close in mid-2027. The filing is a procedural milestone that modestly de-risks the transaction timeline.

Key Facts

  • FTC granted early termination of HSR Act waiting period on August 12, 2026 for ON Semiconductor's acquisition of Synaptics
  • HSR notifications were filed on July 17, 2026
  • Merger expected to close in mid-2027, subject to remaining conditions including Synaptics stockholder approval and other regulatory clearances
  • Merger agreement was entered into on June 25, 2026

Financial Impact

Removal of HSR antitrust risk for a pending acquisition; deal value not disclosed in this filing

regulatory riskdeal timeline

Risk Factors

  • Synaptics stockholder approval may not be obtained
  • Other regulatory approvals or clearances may be delayed or denied
  • Integration risks and potential deal termination

Market Snapshot

Exchange
Nasdaq
Sector
Semiconductors & Related Devices
Analyst Consensus
47% bullish (38 analysts)

Investment Themes

Semiconductors

Documents Analyzed

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

DocumentAccession Number
8-K Filing (Primary)0001140361-26-032594
Document: 0001140361-26-032594-index-headers.html0001140361-26-032594
Document: 0001140361-26-032594-index.html0001140361-26-032594
Document: 0001140361-26-032594.txt0001140361-26-032594
23 reports for ON
Performance horizon
100% Hit rate 7 of 7 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%$83.58 (+12.63%)
Aug 13, 2026
7w ago
425
BULLISH ★ 5/10
$81.56 $76.14▼ −6.65%▼ −4.90%$83.58 (+2.48%)
Aug 13, 2026
7w ago
8-K
BULLISH ★ 5/10
$81.56 $76.14▼ −6.65%▼ −4.90%$83.58 (+2.48%)
Aug 3, 2026
8w ago
8-K
BULLISH ★ 7/10
$80.78 $72.65▼ −10.06%▼ −8.83%$83.58 (+3.47%)
Aug 3, 2026
8w ago
Press Release
BULLISH ★ 6/10
$80.78 $72.65▼ −10.06%▼ −8.83%$83.58 (+3.47%)
Jun 30, 2026
13w ago
425
NEUTRAL ★ 4/10
$94.54 $89.04▼ −5.82%▼ −4.79%$83.58 (−11.59%)
Jun 26, 2026
13w ago
425
NEUTRAL ★ 3/10
$88.57 $86.81▼ −1.99%▼ −1.71%$83.58 (−5.63%)
Jun 26, 2026
13w ago
425
NEUTRAL ★ 3/10
$88.57 $86.81▼ −1.99%▼ −1.71%$83.58 (−5.63%)
Jun 26, 2026
13w ago
425
NEUTRAL ★ 4/10
$88.57 $86.81▼ −1.99%▼ −1.71%$83.58 (−5.63%)
Jun 26, 2026
13w ago
425
NEUTRAL ★ 3/10
$88.57 $86.81▼ −1.99%▼ −1.71%$83.58 (−5.63%)
Showing 10 of 23

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