ON’s expected profit and sales are above last year’s figures, but the results are not out yet. Analysts cut several targets, while others kept positive ratings or raised a target, leaving no clear change in its outlook.
Analysts have not agreed on ON’s prospects. Several cut their targets but kept positive ratings, and another analyst raised a target. ON has not yet reported the quarter, so estimates alone do not establish a clear change in its outlook.
Synaptics signed an amended agreement for an all-cash acquisition by ON, giving the company a stated path to a cash sale. The story gives no purchase price and does not say the deal has closed.
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