onsemi (NASDAQ:ON) Stock Price Up 5.2% – Time to Buy?

onsemi (NASDAQ:ON) shares rose 5.2% on Friday. The stock traded as high as $76.67 and last traded at $76.92. 2,295,511 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 10,461,129 shares. The stock had previously closed at $73.15.

Trending Headlines about onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Investors continued to digest onsemi’s Investor Day strategy, which highlighted a potential $213 billion AI power opportunity, rising semiconductor content in data centers, and growth across automotive, industrial and electrification markets. Management also outlined goals for faster revenue growth, margin expansion and more than doubling annual free cash flow by 2030. onsemi Rises as Investors Digest AI-Power Growth Plans and Synaptics Deal
• Positive Sentiment: The pending acquisition of Synaptics is being viewed more favorably after management positioned it as a way to add connected-compute, software and edge-AI capabilities. onsemi expects the transaction to become earnings-accretive within 18 months of closing and generate annual synergies. Synaptics Deal Analysis
• Positive Sentiment: Seaport Research initiated coverage of onsemi with a Buy rating, grouping the company with AI-infrastructure beneficiaries Marvell Technology and Semtech. Roth MKM also maintained its Buy rating. Seaport Initiates Coverage
• Positive Sentiment: Jefferies said concerns about onsemi’s margin outlook may be overstated, arguing that the 53% gross-margin target could improve as volumes rise, costs decline and differentiated data-center products scale. Jefferies on onsemi Data-Center Demand
• Neutral Sentiment: Recent quarterly results exceeded estimates, with revenue up 9.2% year over year and quarterly EPS of $0.74 versus the $0.72 consensus. However, the stock’s valuation and recovery depend on converting AI and data-center opportunities into sustained growth.
• Negative Sentiment: Insider-trading data shows CFO Trent Thad sold 90,000 shares over the past six months, with no reported insider purchases. Continued insider selling may temper enthusiasm around the company’s long-term outlook.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ON. UBS Group restated a “neutral” rating on shares of onsemi in a research note on Thursday, September 17th. Weiss Ratings raised shares of onsemi from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 7th. Truist Financial dropped their target price on onsemi from $91.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, September 18th. TD Cowen reduced their price target on onsemi from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $85.00 price objective on shares of onsemi in a report on Thursday, September 17th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.76.

onsemi Stock Up 5.9%

The company’s 50 day simple moving average is $77.67 and its 200-day simple moving average is $87.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. The firm has a market capitalization of $30.17 billion, a PE ratio of 49.63, a PEG ratio of 0.60 and a beta of 2.00.

onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The firm had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the previous year, the business earned $0.53 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, analysts forecast that onsemi will post 3.23 EPS for the current fiscal year.

Hedge Funds Weigh In On onsemi

A number of institutional investors have recently added to or reduced their stakes in the business. Janus Henderson Group PLC boosted its position in shares of onsemi by 10.9% during the 1st quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock valued at $848,392,000 after acquiring an additional 1,345,894 shares during the last quarter. Norges Bank purchased a new stake in onsemi in the fourth quarter valued at approximately $330,885,000. Van ECK Associates Corp raised its stake in onsemi by 16.6% in the second quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock valued at $486,252,000 after purchasing an additional 731,540 shares in the last quarter. Pictet Asset Management Holding SA lifted its position in onsemi by 15.5% during the first quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock valued at $284,495,000 after purchasing an additional 615,905 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in onsemi by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,442,177 shares of the semiconductor company’s stock valued at $212,997,000 after purchasing an additional 207,587 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

onsemi Company Profile

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.