Why ON Semiconductor Corporation (ON) Stock Rose 6.0% on Oct 2, 2026
What happened
ON Semiconductor amended its pending Synaptics acquisition from a $7 billion all-stock deal to a $5.7 billion all-cash structure at $123 per share, according to the web catalyst and corroborated by Yahoo Finance reporting on the semiconductor sector move. The stock rose 5.28% to $84.31 on elevated volume (3.13x average for this time of day), reflecting relief on reduced shareholder dilution and the FTC's prior clearance of the transaction, which management flagged as immediately accretive to non-GAAP EPS.
ON earnings on 2026-11-02 (consensus $0.87 EPS); confirmation of Synaptics acquisition close timeline and debt/leverage impact.
Other developments that session
ON Semiconductor revised its Synaptics acquisition to $5.7B cash deal, replacing the original $7B stock structure.
Frequently asked questions
Why did ON Semiconductor Corporation (ON) stock rise on Oct 2, 2026?
ON Semiconductor amended its pending Synaptics acquisition from a $7 billion all-stock deal to a $5.7 billion all-cash structure at $123 per share, according to the web catalyst and corroborated by Yahoo Finance reporting on the semiconductor sector move. The stock rose 5.28% to $84.31 on elevated volume (3.13x average for this time of day), reflecting relief on reduced shareholder dilution and the FTC's prior clearance of the transaction, which management flagged as immediately accretive to non-GAAP EPS.
How much did ON stock rise on Oct 2, 2026?
ON rose 6.0% during the Oct 2, 2026 trading session.