SYNASYNAPTICS Inc
Semiconductors & Related Devices · $4.6B market cap · 1,700 employees
0.5×
Less likely than average to be taken private
Top 34% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works
Takeover signals
What an activist or buyer would see: cheap, overpaid, diluted or under pressure.
4of 15 firedHow well they predict deals →
- TSR below peersYes5 of 5 years3+ of last 5 years
- Dilutive SBCYes12% of revenueOver 10% of revenue
- Goodwill-heavyYes41% of assetsOver 40% of assets
- Buyout-sizedYes$4.6B market capMarket cap $500M–$5B
11 other checks
- High CEO pay despite TSRNo—Median CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo—Cash flow under 80% of net income
- Payouts exceed cash flowNo62% of cash flowBuybacks + dividends over cash flow
- Shareholder dissentNo97% lowest supportAny vote under 80% support
- Low revenue per employeeNo$704K · 70th pctBottom quartile of its SIC industry
- Quiet on AINo11.2 per 10K words · 94th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Recurring revenueNo2 of 1010-K business scored 7+ of 10 for recurring revenue
- AI-rollup shapedNo0 of 1010-K business scored 5+ of 10 as an AI-rollup target
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$9M netNet sales over $10M in 12 months
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Oct 19, 2026 | DEFM14A | ON Semiconductor Corporation (onsemi) | $123.00 | 31% |
| Oct 8, 2026 | PREM14A | ON Semiconductor Corporation | $123.00 | 31% |
| Oct 1, 2026 | 8-K | ON Semiconductor Corporation (onsemi) | — | — |
Key numbers
- Revenue
- $1.2B
- 11% YoY
- Operating margin
- -5.6%
- 36% YoY
- EBITDA
- −$36M
- 44% YoY
- Net debt / EBITDA
- —
- $395M net debt
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $1.7B | $1.4B | $959M | $1.1B | $1.2B | 11% |
| Operating income | $350M | $154M | −$102M | −$94M | −$67M | 29% |
| Net income | $258M | $74M | $126M | −$48M | −$491M | 927% |
| Operating cash flow | $463M | $332M | $136M | $142M | $149M | 5.2% |
| Capex | $31M | $34M | $34M | $26M | $48M | 86% |
| Stock-based comp | $101M | $122M | $119M | $113M | $149M | 32% |
| Buybacks | $0 | $184M | $0 | $128M | $93M | 28% |
13D filers
None on file.
Insider trading
−$9Mnet selling by insiders, open market, last 12 months
Bought $0 · 0 tradesSold $9M · 59 trades
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | — | — | 80 | 395 |
| FY2025 | — | — | 42 | 166 |
| FY2024 | — | — | 57 | 164 |
| FY2023 | — | — | 55 | 110 |
| FY2022 | — | — | 76 | 76 |