onsemi (NASDAQ:ON) Stock Price Up 6.8% – Here’s Why

onsemi (NASDAQ:ON)’s stock price rose 6.8% on Friday . The stock traded as high as $74.86 and last traded at $74.9590. Approximately 4,070,857 shares changed hands during trading, a decline of 60% from the average daily volume of 10,292,279 shares. The stock had previously closed at $70.17.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Investor attention is focused on onsemi’s exposure to artificial-intelligence infrastructure. Management has indicated that AI data-center revenue is its fastest-growing business and could more than double in 2026, supporting optimism about demand for the company’s power-management and semiconductor products. onsemi gains as investors look ahead to Investor Day and AI-power growth
• Positive Sentiment: onsemi’s second-quarter 2026 results were above the midpoint of guidance for revenue, gross margin and earnings per share, reinforcing confidence that operating performance is improving. The company also continues to pursue its proposed all-stock acquisition of Synaptics, a transaction intended to expand its reach into AI infrastructure, physical AI and intelligent systems. onsemi gains as investors look ahead to Investor Day and AI-power growth
• Positive Sentiment: A sector-wide semiconductor rally is providing an additional lift, suggesting that broader enthusiasm for AI-related chip demand is contributing to buying interest in ON. ON Semiconductor Jumps Amid Sector-Wide Rally
• Neutral Sentiment: Market interest in onsemi has increased, with the stock appearing among the most-searched semiconductor names. The attention may improve trading momentum, but the report does not identify a new fundamental catalyst. Investors Heavily Search ON Semiconductor Corporation
• Negative Sentiment: Recent analyst caution remains a risk. Wells Fargo previously lowered its price target, contributing to volatility and highlighting concerns about valuation and the pace of the semiconductor recovery. ON Semiconductor stock stabilizes after Wells Fargo target cut

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Robert W. Baird raised their target price on onsemi from $100.00 to $108.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Bank of America increased their price objective on onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Citigroup reduced their price objective on onsemi from $120.00 to $98.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Evercore reaffirmed an “outperform” rating and set a $137.00 target price on shares of onsemi in a report on Friday, June 26th. Finally, Stifel Nicolaus upped their target price on onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $96.44.

onsemi Stock Up 8.5%

The company has a quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. The stock has a market cap of $29.64 billion, a PE ratio of 48.81, a P/E/G ratio of 0.62 and a beta of 2.00. The business has a 50 day moving average price of $81.59 and a 200 day moving average price of $87.26.

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

Hedge Funds Weigh In On onsemi

Large investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in onsemi by 1.7% during the second quarter. Sequoia Financial Advisors LLC now owns 20,170 shares of the semiconductor company’s stock valued at $1,907,000 after buying an additional 344 shares during the period. Arlington Capital Management Inc. purchased a new stake in shares of onsemi during the 2nd quarter worth about $246,000. WINTON GROUP Ltd purchased a new stake in shares of onsemi during the 2nd quarter worth about $293,000. Engineers Gate Manager LP grew its position in shares of onsemi by 570.3% during the 2nd quarter. Engineers Gate Manager LP now owns 304,377 shares of the semiconductor company’s stock valued at $28,776,000 after acquiring an additional 258,968 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in shares of onsemi by 1.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 22,059 shares of the semiconductor company’s stock valued at $2,085,000 after acquiring an additional 298 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.