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

Sudhir Gopalswamy, Group President, AMG & ISG at ON SEMICONDUCTOR CORP (NASDAQ:ON), sold 15,578 shares of common stock on October 1, 2026. The shares were sold at a price of $80 per share, totaling approximately $1,246,240.

Following the transaction, Gopalswamy directly holds 158,177 shares of ON Semiconductor common stock. This total includes an additional 167 shares acquired by Gopalswamy through the company’s Employee Stock Purchase Plan since his previous Section 16 filing.

In other recent news, ON Semiconductor has been active with several developments. The company has amended its merger agreement with Synaptics, now acquiring Synaptics for $123 per share in cash, valuing the transaction at an enterprise value of approximately $5.7 billion. This represents a shift from the previous all-stock terms that valued the deal at roughly $7 billion. Analysts have been adjusting their ratings and price targets in light of these changes. StoneX initiated coverage with a Buy rating and a price target of $110, citing confidence in the chip cycle strength. Stifel raised its price target to $80 from $75, acknowledging ON Semiconductor’s pipeline of design wins in sectors like artificial intelligence and electric vehicles, although it maintained a Hold rating. Meanwhile, UBS reiterated a Neutral rating with a $95 price target, noting the company’s growth model aligns with their expectations. Additionally, Stifel lowered its price target from $90 to $75 following ON Semiconductor’s 2026 Financial Analyst Day, which highlighted margin outlook concerns.