Synaptics shares surge after onsemi resets buyout to $123-per-share cash deal

Synaptics Incorporated (SYNA) is up 13.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The sharp move appears tied to a revised takeover agreement with onsemi that shifted the transaction from an all-stock structure to an all-cash offer of $123 per share. That gave investors a clearer value anchor close to the trading price and seems to have increased confidence that Synaptics holders could receive a defined cash payout if the deal closes.

Details:

On Oct. 1, Synaptics and onsemi announced an amended merger agreement under which onsemi will acquire Synaptics for $123 per share in cash.

The companies described the revised transaction as having an aggregate value of about $5.7 billion, replacing the prior June 25 agreement that had been structured as an all-stock deal.

A filing shows Synaptics had received an unsolicited, non-binding competing proposal from another strategic party, which likely helped drive the renegotiation of terms.

The fixed cash consideration sits well above Synaptics’ prior closing price, which helps explain why the stock quickly moved toward the implied deal value.

Sources:

Synaptics Investor Relations, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$SYNA Insider Trading Activity

$SYNA insiders have traded $SYNA stock on the open market 41 times in the past 6 months. Of those trades, 0 have been purchases and 41 have been sales.

Here’s a breakdown of recent trading of $SYNA stock by insiders over the last 6 months:

VIKRAM GUPTA (See Remarks) has made 0 purchases and 12 sales selling 13,754 shares for an estimated $1,380,566.
ESTHER SONG (See Remarks) has made 0 purchases and 12 sales selling 9,606 shares for an estimated $1,330,225.
RAHUL G. PATEL (See remarks below) has made 0 purchases and 6 sales selling 11,387 shares for an estimated $1,181,760.
LISA BODENSTEINER (See Remarks) has made 0 purchases and 10 sales selling 9,584 shares for an estimated $973,869.
SATISH GANESAN (See Remarks) sold 5,065 shares for an estimated $411,379

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$SYNA Hedge Fund Activity

We have seen 193 institutional investors add shares of $SYNA stock to their portfolio, and 134 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added 1,239,622 shares (+inf%) to their portfolio in Q2 2026, for an estimated $153,998,241
BANK OF NEW YORK MELLON CORP removed 566,320 shares (-66.8%) from their portfolio in Q2 2026, for an estimated $70,353,933
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 565,274 shares (+inf%) to their portfolio in Q2 2026, for an estimated $70,223,989
FRANKLIN RESOURCES INC added 551,193 shares (+inf%) to their portfolio in Q2 2026, for an estimated $68,474,706
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 486,385 shares (+inf%) to their portfolio in Q2 2026, for an estimated $60,423,608
VICTORY CAPITAL MANAGEMENT INC removed 439,674 shares (-57.1%) from their portfolio in Q2 2026, for an estimated $54,620,701
UBS GROUP AG removed 361,378 shares (-32.7%) from their portfolio in Q2 2026, for an estimated $44,893,988

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$SYNA Price Targets

Multiple analysts have issued price targets for $SYNA recently. We have seen 7 analysts offer price targets for $SYNA in the last 6 months, with a median target of $140.0.

Here are some recent targets:

Vijay Rakesh from Mizuho set a target price of $170.0 on 07/01/2026
Ross Seymore from Deutsche Bank set a target price of $125.0 on 06/29/2026
Tom O'Malley from Barclays set a target price of $135.0 on 06/29/2026
Christopher Rolland from Susquehanna set a target price of $140.0 on 06/26/2026
Kevin Cassidy from Rosenblatt set a target price of $160.0 on 06/26/2026
Joe Quatrochi from Wells Fargo set a target price of $160.0 on 06/26/2026
Peter Peng from JP Morgan set a target price of $115.0 on 05/08/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.