onsemi (NASDAQ:ON) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of onsemi (NASDAQ:ON) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

ON has been the subject of a number of other research reports. Wall Street Zen raised onsemi from a “hold” rating to a “buy” rating in a research note on Monday, April 13th. Susquehanna boosted their price target on onsemi from $100.00 to $120.00 and gave the stock a “positive” rating in a report on Tuesday. Robert W. Baird upped their price target on onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wells Fargo & Company increased their price objective on shares of onsemi from $90.00 to $115.00 and gave the company an “overweight” rating in a report on Tuesday. Finally, Roth Mkm reiterated a “buy” rating on shares of onsemi in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $87.27.

onsemi Stock Performance

Shares of NASDAQ ON opened at $100.73 on Wednesday. The stock has a market cap of $39.48 billion, a PE ratio of 71.44, a price-to-earnings-growth ratio of 0.94 and a beta of 1.94. onsemi has a 1 year low of $38.69 and a 1 year high of $105.90. The firm has a fifty day moving average price of $71.73 and a 200-day moving average price of $62.05. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 2.98.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the firm posted $0.55 EPS. onsemi’s quarterly revenue was up 4.7% compared to the same quarter last year. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Equities analysts anticipate that onsemi will post 3.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In other onsemi news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total value of $2,790,000.00. Following the sale, the chief financial officer owned 301,194 shares of the company’s stock, valued at $28,011,042. The trade was a 9.06% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $58.67, for a total value of $358,708.38. Following the sale, the insider directly owned 173,943 shares in the company, valued at $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 146,114 shares of company stock worth $11,282,308. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On onsemi

Large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. raised its stake in onsemi by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock valued at $639,716,000 after purchasing an additional 877,533 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of onsemi by 8.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock worth $360,828,000 after buying an additional 474,725 shares in the last quarter. Norges Bank purchased a new position in shares of onsemi in the 4th quarter worth $330,885,000. Rafferty Asset Management LLC increased its holdings in shares of onsemi by 55.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after buying an additional 2,072,125 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of onsemi by 15.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock valued at $284,495,000 after buying an additional 615,905 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: AI/data‑center momentum — analysts and articles highlight onsemi’s AI data‑center revenue rebound and margin improvement, which underpin higher 2026 earnings expectations and investor interest in ON’s secular exposure. Can ON Sustain Its AI-Driven Revenue Rebound Through 2026?
• Positive Sentiment: Auto content and strategic partnership — onsemi expanded its strategic partnership with Geely to accelerate EV development, a catalyst for automotive revenue growth; B. Riley upgraded the stock following the deal. ON Semi Expands Partnership With Geely, B. Riley Upgrades to Buy
• Positive Sentiment: Analyst support — multiple shops have raised targets or reiterated constructive views (examples: Morgan Stanley/Barclays moves noted in recent coverage), which provides a higher benchmark for upside. Why ON Semiconductor is One of the Top Semiconductor Stocks
• Neutral Sentiment: Convertible notes financing with buyback intent — onsemi priced $1.3B of convertible senior notes due 2031 and said it may use proceeds partly to repurchase up to $400M of shares and to pay for hedge transactions. The use of proceeds (debt paydown + buyback) is constructive long term, but the financing introduces complex near‑term market mechanics. onsemi Announces Pricing of Private Offering of $1.3 Billion of 0% Convertible Senior Notes
• Negative Sentiment: Hedging & potential selling pressure — the company and counterparties disclosed convertible‑note hedge and warrant transactions; hedge counterparties often sell or trade underlying shares to establish and adjust positions, which can depress the stock in the short run and raise dilution/convertibility concerns for investors. onsemi Announces Pricing of Private Offering of $1.3 Billion of 0% Convertible Senior Notes (GlobeNewswire)

About onsemi

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.