onsemi (NASDAQ:ON) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

onsemi (NASDAQ:ON) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $91.29 and traded as low as $70.92. onsemi shares last traded at $71.93, with a volume of 8,487,737 shares trading hands.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: A Zacks comparison of onsemi and STMicroelectronics highlighted the companies’ exposure to EV semiconductor growth, silicon-carbide momentum, design wins and manufacturing capacity. The report keeps attention on onsemi’s potential to benefit from longer-term EV electrification despite near-term industry pressure. STM vs. ON: Which EV Semiconductor Stock Is More Compelling?
• Positive Sentiment: Bank of America said semiconductor risk-reward has become more attractive and identified eight chip stocks as enhanced buying opportunities. Although the available report does not specify onsemi’s inclusion, the broader constructive sector view may be supporting sentiment toward ON. These 8 chip stocks now offer enhanced buying opportunities, BofA says
• Neutral Sentiment: A report claiming a large increase in onsemi short interest showed zero shares outstanding and a zero-day short ratio, making the data internally inconsistent and unsuitable as a meaningful trading signal.

Analyst Ratings Changes

A number of equities analysts have weighed in on ON shares. UBS Group reaffirmed a “neutral” rating and set a $95.00 target price on shares of onsemi in a research note on Monday, June 29th. Morgan Stanley boosted their price target on onsemi from $85.00 to $87.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. Jefferies Financial Group upped their price target on onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded onsemi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Fifteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, onsemi presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.04.

onsemi Trading Up 1.0%

The firm’s 50 day moving average price is $90.37 and its 200-day moving average price is $87.00. The stock has a market cap of $28.51 billion, a P/E ratio of 46.94, a P/E/G ratio of 0.59 and a beta of 2.03. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 2.49.

onsemi (NASDAQ:ON) last posted 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 for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. 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. As a group, equities research analysts forecast that onsemi will post 3.23 earnings per share for the current year.

Institutional Trading of onsemi

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pictet Asset Management Holding SA raised its position in shares of onsemi by 38.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company’s stock valued at $215,624,000 after purchasing an additional 1,112,774 shares during the period. Twin Capital Management Inc. bought a new position in onsemi in the 4th quarter worth $585,000. North Dakota State Investment Board bought a new position in onsemi in the 4th quarter worth $784,000. Maxi Investments CY Ltd increased its stake in onsemi by 166.7% in the 4th quarter. Maxi Investments CY Ltd now owns 47,200 shares of the semiconductor company’s stock worth $2,556,000 after buying an additional 29,500 shares in the last quarter. Finally, Allstate Corp increased its stake in onsemi by 89.0% in the 4th quarter. Allstate Corp now owns 28,136 shares of the semiconductor company’s stock worth $1,524,000 after buying an additional 13,250 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

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.