onsemi (NASDAQ:ON) Trading 8.3% Higher – What’s Next?

onsemi (NASDAQ:ON)’s stock price was up 8.3% during trading on Monday . The stock traded as high as $132.34 and last traded at $131.6960. Approximately 2,225,500 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 10,199,840 shares. The stock had previously closed at $121.62.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Neutral Sentiment: onsemi was caught in a broader semiconductor rout after AI-chip peers sold off on concerns about slower memory expansion at SK Hynix. KLA Corporation, onsemi, and Nova Shares Are Falling, What You Need To Know
• Neutral Sentiment: The Nasdaq and semiconductor indexes also weakened, reinforcing that the move appears macro/sector-driven rather than tied to a fundamental change at onsemi. Update: Nasdaq Posts Sharpest Drop in 2 Weeks as Chip Stocks Slide
• Neutral Sentiment: Recent attention from investors has been elevated after onsemi’s strong run and earlier chip-sector momentum, which can increase volatility when the group reverses. Semtech and onsemi Shares Are Soaring, What You Need To Know

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ON shares. Wall Street Zen raised shares of onsemi from a “hold” rating to a “buy” rating in a report on Monday, April 13th. TD Cowen lifted their price objective on onsemi from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Citigroup boosted their target price on onsemi from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. Morgan Stanley upped their target price on onsemi from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Finally, Jefferies Financial Group raised their price target on onsemi from $73.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $94.68.

onsemi Stock Down 11.0%

The company has a market cap of $45.88 billion, a P/E ratio of 83.02, a P/E/G ratio of 1.17 and a beta of 1.97. The stock has a 50-day moving average of $108.49 and a two-hundred day moving average of $77.87. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87.

onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the business earned $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, research analysts anticipate that onsemi will post 3.09 EPS for the current fiscal year.

Insider Activity at onsemi

In related news, CFO Trent Thad sold 30,000 shares of the stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the transaction, the chief financial officer owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.35% of the company’s stock.

Institutional Trading of onsemi

Hedge funds have recently added to or reduced their stakes in the business. CVA Family Office LLC increased its holdings in shares of onsemi by 83.7% in the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after buying an additional 215 shares during the period. Root Financial Partners LLC boosted its holdings in onsemi by 42.1% during the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 149 shares during the period. DV Equities LLC bought a new position in onsemi during the 4th quarter worth approximately $30,000. Ascentis Independent Advisors bought a new position in onsemi during the 1st quarter worth approximately $36,000. Finally, SHP Wealth Management purchased a new position in onsemi in the 4th quarter worth approximately $32,000. 97.70% of the stock is owned by institutional investors.

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.