ON Semiconductor’s (ON) Synaptics Acquisition Draws Caution From TD Cowen
Key takeaways
- However, one Wall Street firm isn't enthusiastic about it.
- On June 26, TD Cowen analyst Joshua Buchalter downgraded the stock from Buy to Hold with a price target of $110.00.
- Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine.
ON Semiconductor’s (ON) Synaptics Acquisition Draws Caution From TD Cowen Ghazal Ahmed Tue, June 30, 2026 at 5:27 PM GMT+7 2 min read ON SYNA NVDA MU ON Semiconductor Corporation (NASDAQ:ON) is one of the 14 AI Stocks Making Moves on Wall Street: Nvidia, Micron, and More.
Recently, ON Semiconductor was in the news related to announced plans for buying Synaptics, an American neural network technologies and computer-to-human interface devices development company, for an estimated $7 billion, its largest acquisition ever. However, one Wall Street firm isn't enthusiastic about it.
On June 26, TD Cowen analyst Joshua Buchalter downgraded the stock from Buy to Hold with a price target of $110.00. The firm is negative on the said acquisition, believing that it is going to add complexity and distract it from the core auto/DC growth story.