onsemi (NASDAQ:ON) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

onsemi (NASDAQ:ON)’s stock price crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $74.92 and traded as high as $79.29. onsemi shares last traded at $78.67, with a volume of 9,465,836 shares trading hands.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Investors appear to favor onsemi’s amended Synaptics deal, which lowers the transaction value to approximately $5.7 billion from roughly $7 billion, changes the consideration to $123 per share in cash, and reduces concerns about shareholder dilution. onsemi expects the acquisition to be immediately accretive to non-GAAP earnings per share. onsemi rises as investors react to revised Synaptics deal
• Positive Sentiment: Broader semiconductor-sector strength also supported the stock, with onsemi trading higher alongside Intel, Microchip Technology, Marvell Technology and Seagate. Semiconductor stocks trade higher
• Positive Sentiment: Analyst commentary is focused on a potential earnings beat when onsemi reports third-quarter results after the market closes on November 2. Expectations include continued momentum in AI-related data-center demand and attention to whether operating margins can exceed 40%. Will ON Semi’s all-cash tech bet fuel an earnings beat?
• Neutral Sentiment: Recent investor coverage highlights the possibility of an earnings beat, but the upcoming report remains an important near-term test for demand, profitability and the financial impact of the Synaptics transaction. ON Semiconductor earnings expected to grow
• Negative Sentiment: One onsemi executive, Sudhir Gopalswamy, sold 15,578 shares in the past six months. The isolated insider sale is a modest cautionary signal, although it does not appear to be the main driver of the current move.

Analyst Ratings Changes

ON has been the subject of several recent analyst reports. Stifel Nicolaus upped their target price on shares of onsemi from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, October 5th. Cantor Fitzgerald dropped their price target on shares of onsemi from $110.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, September 17th. Citigroup dropped their price target on shares of onsemi from $120.00 to $98.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Truist Financial cut their price target on shares of onsemi from $91.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, September 18th. Finally, Susquehanna reduced their price objective on shares of onsemi from $150.00 to $120.00 and set a “positive” rating for the company in a research report on Wednesday, October 21st. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and sixteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $92.68.

onsemi Trading Up 6.2%

The stock has a fifty day moving average of $74.92 and a 200 day moving average of $81.76.

onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, analysts anticipate that onsemi will post 3.21 EPS for the current fiscal year.

Insider Activity at onsemi

In related news, insider Sudhir Gopalswamy sold 15,578 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the transaction, the insider owned 158,177 shares in the company, valued at approximately $12,654,160. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by insiders.

Institutional Trading of onsemi

A number of large investors have recently added to or reduced their stakes in ON. North Dakota State Investment Board raised its position in onsemi by 22.4% in the third quarter. North Dakota State Investment Board now owns 20,974 shares of the semiconductor company’s stock worth $1,612,000 after acquiring an additional 3,840 shares during the period. VestGen Advisors LLC boosted its stake in onsemi by 8.3% in the third quarter. VestGen Advisors LLC now owns 4,546 shares of the semiconductor company’s stock valued at $349,000 after acquiring an additional 350 shares during the last quarter. Asset Management One Co. Ltd. boosted its stake in onsemi by 2.1% in the third quarter. Asset Management One Co. Ltd. now owns 176,218 shares of the semiconductor company’s stock valued at $13,546,000 after acquiring an additional 3,600 shares during the last quarter. Park Avenue Securities LLC grew its position in shares of onsemi by 10.4% during the 3rd quarter. Park Avenue Securities LLC now owns 13,518 shares of the semiconductor company’s stock valued at $1,039,000 after acquiring an additional 1,268 shares during the period. Finally, Signaturefd LLC grew its position in shares of onsemi by 4.5% during the 3rd quarter. Signaturefd LLC now owns 10,217 shares of the semiconductor company’s stock valued at $785,000 after acquiring an additional 441 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

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.