ON Semiconductor’s $100 Bull Case Runs Into a Bearish Chart
Seaport Global analyst Jay Goldberg initiated coverage of ON Semiconductor with a Buy rating, citing improving semiconductor demand.
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ON Semiconductor shares rise more than 6% after revising its Synaptics acquisition to $123 per share, valuing the transaction at approximately $5.7 billion.
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Seaport Global analyst Jay Goldberg initiated coverage of ON Semiconductor with a Buy rating, citing improving semiconductor demand.
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U.S. stock markets rallied on October 2, 2026, following weaker-than-expected September employment data showing only 29,000 jobs added and unemployment rising to 4.2%. The soft labor report reduced expectations for a Federal Reserve rate hike this month from 64% to 21%, boosting investor sentiment particularly in tech and growth stocks. The Nasdaq Composite hit a record high, while the S&P 500 and Dow Jones also gained.