On Semiconductor group president Sudhir Gopalswamy sells $1.25m in shares

Sudhir Gopalswamy, Group President of AMG & ISG at ON Semiconductor Corp (NASDAQ:ON), sold 15,578 shares of common stock on October 1, 2026. The transaction took place at a price of $80 per share, amounting to a total value of approximately $1,246,240. After completing the sale, Gopalswamy now directly owns 158,177 shares of ON Semiconductor common stock, including an additional 167 shares acquired through the company's Employee Stock Purchase Plan since his last Section 16 filing.

In related news, ON Semiconductor has recently finalized its merger agreement with Synaptics. The deal, now valued at approximately $5.7 billion, has seen significant changes from its initial all-stock terms that were estimated to be worth around $7 billion. This revised valuation reflects a shift in the deal's terms, with Synaptics being acquired at $123 per share in cash.

Following these events, various financial analysts have updated their assessments of ON Semiconductor. StoneX initiated coverage with a Buy rating and set a price target of $110, expressing confidence in the company's prospects in the chip cycle. Stifel raised its price target from $75 to $80, recognizing the company's design wins in emerging sectors such as artificial intelligence and electric vehicles, while maintaining a Hold rating.

UBS, on the other hand, has reaffirmed its Neutral rating with a $95 price target, believing that ON Semiconductor's growth model aligns with their expectations. However, Stifel recently lowered its price target from $90 to $75 following the company's 2026 Financial Analyst Day, where concerns about the margin outlook were highlighted.