Wells Fargo Downgrades Synaptics Following Amended onsemi Merger Terms

Key Facts

Wells Fargo downgraded Synaptics to Equal-weight following the amended merger agreement with onsemi. Seeking Alpha reported that the revised deal has been restructured into an all-cash acquisition valued at approximately $5.7 billion, prompting the bank to lower its rating from Overweight.

SYNA closed at $106.15 on October 1, 2026, as analysts assessed the stock to be fairly valued relative to the revised merger terms and the cash consideration. The instrument reached a high of $106.62 and a low of $100.42 during that session.