ON Semiconductor, SanDisk And Other Big Stocks Moving Lower In Friday’s Pre-Market Session

ON Semiconductor Corporation
Getty Images Holdings, Inc. Class A
Tower Semiconductor Ltd
Synaptics Incorporated
Applied Optoelectronics, Inc.

ON Semiconductor Corporation

ON

0.00

Getty Images Holdings, Inc. Class A

GETY

0.00

Tower Semiconductor Ltd

TSEM

0.00

Synaptics Incorporated

SYNA

0.00

Applied Optoelectronics, Inc.

AAOI

0.00

U.S. stock futures were lower this morning, with the Nasdaq 100 futures falling more than 1% on Friday.

Shares of ON Semiconductor Corp (NASDAQ:ON) fell sharply in pre-market trading after the company announced it will acquire Synaptics (NASDAQ:SYNA).

ON Semi will acquire Synaptics in an all-stock transaction, representing a total enterprise value of approximately $7 billion.

ON Semiconductor shares dipped 13% to $103.30 in pre-market trading.

Here are some other stocks moving lower in pre-market trading.

  • Omeros Corp (NASDAQ:OMER) shares dipped 15.6% to $9.05 in pre-market trading.
  • PTL Ltd (NASDAQ:PTLE) declined 11.8% to $6.50 in pre-market trading after jumping 40% on Thursday.
  • Tower Semiconductor Ltd (NASDAQ:TSEM) declined 7.2% to $250.48 in pre-market trading.
  • Getty Images Holdings Inc (NYSE:GETY) fell 7.2% to $0.92 in pre-market trading after gaining 5% on Thursday. Getty Images recently announced a display agreement with OpenAI to use its licensed content libraries in ChatGPT.
  • Mesoblast Ltd (NASDAQ:MESO) fell 7% to $13.49 in pre-market trading after declining around 7% on Thursday. The company drew down $50 million from its five-year facility.
  • DSC Holdings Ltd. (NASDAQ:DSC) declined 6.4% to $8.48 in pre-market trading. DSC Holdings shares dipped more than 46% on Thursday after the company announced pricing of initial public offering.
  • Ascentage Pharma Group Internatinl – ADR (NASDAQ:AAPG) dipped 6.3% to $15.98 in pre-market trading.
  • United Microelectronics Corp (NYSE:UMC) fell 6.2% to $26.01 in pre-market trading.
  • SanDisk Corp (NASDAQ:SNDK) declined 5.8% to $2,199.00 in pre-market trading. Sandisk stock surged nearly 22% on Thursday after Micron Technology’s sronger-than-expected quarterly results and bullish outlook strengthened confidence in the AI memory market.
  • Freecast Inc (NASDAQ:CAST) fell 5.6% to $8.22 in pre-market trading.
  • Applied Optoelectronics Inc (NASDAQ:AAOI) fell 5.5% to $130.90 in pre-market trading after declining more than 5% on Thursday.
  • SL Science Holding Ltd (NASDAQ:SLBT) fell 3.7% to $4.03 in pre-market trading after surging around 12% on Thursday.

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