onsemi (NASDAQ:ON) Stock Price Up 7.6% – What’s Next?

Shares of onsemi (NASDAQ:ON) traded up 7.6% during mid-day trading on Thursday . The company traded as high as $102.07 and last traded at $100.9530. Approximately 3,016,426 shares were traded during trading, a decline of 72% from the average daily volume of 10,766,304 shares. The stock had previously closed at $93.79.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Zacks said onsemi’s divestitures strengthen its Fab Right strategy, which is aimed at cutting costs and improving margins as demand grows in AI, auto, and industrial end markets.
• Positive Sentiment: Separate market commentary highlighted onsemi as one of the semiconductor names likely to benefit from AI-powered vehicles, supporting investor optimism around future chip demand. Article Title
• Positive Sentiment: Analyst coverage remains constructive, with Cantor Fitzgerald recently updating its view on ON and other firms still seeing upside tied to onsemi’s positioning in automotive and AI-related semiconductors. Article Title
• Neutral Sentiment: A Zacks Research downgrade from strong-buy to hold is a headwind, but it looks more like a valuation/caution signal than a major business setback.
• Negative Sentiment: Investor-alert coverage about a Pomerantz investigation into ON Semiconductor could add some legal overhang and create near-term uncertainty. Article Title

Analysts Set New Price Targets

A number of brokerages recently weighed in on ON. Mizuho cut their price objective on shares of onsemi from $150.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 1st. Barclays increased their target price on shares of onsemi from $75.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Zacks Research downgraded shares of onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus upped their price target on shares of onsemi from $90.00 to $107.00 and gave the stock a “hold” rating in a research note on Wednesday, June 24th. Finally, Cantor Fitzgerald increased their price objective on shares of onsemi from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Thirteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $101.58.

onsemi Stock Up 7.3%

The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87. The stock’s fifty day simple moving average is $111.09 and its two-hundred day simple moving average is $81.11. The company has a market capitalization of $39.44 billion, a price-to-earnings ratio of 71.31, a P/E/G ratio of 0.81 and a beta of 2.01.

onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The business’s 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. On average, sell-side analysts anticipate that onsemi will post 3.09 EPS for the current year.

Insider Transactions at onsemi

In other onsemi news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total value of $2,790,000.00. Following the transaction, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On onsemi

Large investors have recently modified their holdings of the stock. AQR Capital Management LLC lifted its holdings in shares of onsemi by 187.9% during the first quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock valued at $4,863,000 after purchasing an additional 79,206 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in onsemi by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after purchasing an additional 507 shares in the last quarter. Brown Advisory Inc. acquired a new stake in onsemi during the 2nd quarter worth about $201,000. Cresset Asset Management LLC lifted its stake in onsemi by 24.8% during the second quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company’s stock valued at $531,000 after buying an additional 2,016 shares in the last quarter. Finally, Cerity Partners LLC lifted its stake in onsemi by 108.0% during the second quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company’s stock valued at $1,659,000 after buying an additional 16,435 shares in the last quarter. 97.70% of the stock is 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.