onsemi (NASDAQ:ON) Shares Up 8.3% – Time to Buy?

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

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Wells Fargo reaffirmed an Overweight rating and lifted its price target to $140, signaling continued analyst confidence in onsemi’s growth outlook. Wells Fargo Maintains an “Overweight” rating on ON Semiconductor Corporation (ON)
• Positive Sentiment: onsemi’s new GaNEXUS power portfolio expands its exposure to fast-growing AI data center, robotics, and industrial automation markets. ON Semiconductor (ON) Launches GaNEXUS For AI Data Centers And Robotics
• Neutral Sentiment: Investor interest has also been boosted by broad market attention on ON, with Zacks noting the stock is attracting unusually high search activity. ON Semiconductor Corporation (ON) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Recent commentary from The Motley Fool argued that onsemi could become a major AI inference beneficiary, further adding to the stock’s momentum narrative. This Company Could Become the Nvidia of AI Inference

Analyst Ratings Changes

ON has been the topic of several research reports. Wells Fargo & Company raised their price objective on onsemi from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. Bank of America boosted their price target on onsemi from $115.00 to $138.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Weiss Ratings restated a “sell (d+)” rating on shares of onsemi in a report on Wednesday, April 29th. Finally, Rosenblatt Securities increased their price objective on shares of onsemi from $60.00 to $85.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.68.

onsemi Stock Performance

The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41. The firm has a market cap of $51.14 billion, a price-to-earnings ratio of 92.81, a PEG ratio of 1.08 and a beta of 1.97. The company has a 50 day moving average of $106.26 and a 200 day moving average of $76.89.

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, beating the consensus estimate of $0.61 by $0.03. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. onsemi’s revenue for the quarter was up 4.7% compared to the same quarter last year. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, equities research analysts expect that onsemi will post 3.09 EPS for the current fiscal year.

Insider Transactions at onsemi

In other onsemi news, CFO Trent Thad sold 30,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. This represents a 9.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by insiders.

Hedge Funds Weigh In On onsemi

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. CVA Family Office LLC increased its position in onsemi by 83.7% in the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 215 shares during the period. Root Financial Partners LLC grew its stake in shares of onsemi by 42.1% in the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 149 shares in the last quarter. DV Equities LLC acquired a new position in shares of onsemi during the fourth quarter valued at $30,000. SHP Wealth Management acquired a new position in shares of onsemi during the fourth quarter valued at $32,000. Finally, Summit Securities Group LLC raised its stake in shares of onsemi by 346.3% during the fourth quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 464 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.