onsemi (NASDAQ:ON) Reaches New 1-Year High on Analyst Upgrade

Shares of onsemi (NASDAQ:ON) reached a new 52-week high during trading on Tuesday after Mizuho raised their price target on the stock from $130.00 to $150.00. Mizuho currently has an outperform rating on the stock. onsemi traded as high as $124.63 and last traded at $124.30, with a volume of 1434348 shares changing hands. The stock had previously closed at $116.20.

A number of other research firms have also commented on ON. Truist Financial reaffirmed a “hold” rating and set a $101.00 price objective (up from $66.00) on shares of onsemi in a research note on Tuesday, May 5th. Robert W. Baird upped their price objective on shares of onsemi from $56.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Bank of America upped their price objective on shares of onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of onsemi in a research note on Wednesday, April 29th. Finally, Needham & Company LLC upped their price objective on shares of onsemi from $72.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

Insider Buying and Selling

In other news, insider Sudhir Gopalswamy sold 6,114 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the completion of the sale, the insider directly owned 173,943 shares of the company’s stock, valued at $10,205,235.81. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Trent Thad sold 30,000 shares of the stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the completion of the sale, the chief financial officer directly owned 301,194 shares of the company’s stock, valued at $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 66,114 shares of company stock valued at $5,548,708 over the last three months. 0.35% of the stock is owned by insiders.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Bank of America raised its price target on onsemi to $138 and maintained a Buy rating, signaling more upside from current levels. Benzinga
• Positive Sentiment: Investors are also buying into a broader semiconductor rally, helped by upbeat AI and chip-sector sentiment that lifted onsemi alongside peers. onsemi (ON) Stock Trades Up, Here Is Why
• Positive Sentiment: Analyst and investor chatter continues to frame onsemi as a play on EVs, renewables, automation and AI data-center power needs, which supports the stock’s elevated valuation. Prediction: Buying ON Semiconductor Stock Today Could Set You Up for Life
• Neutral Sentiment: Recent commentary notes that onsemi’s gains have been driven partly by sympathy with the semiconductor rally rather than a new company-specific announcement, so some of the move may be momentum-driven.
• Negative Sentiment: One analysis argued the stock may be extended after a sharp multi-month run and suggested the rally could be losing momentum, increasing the risk of profit-taking. 3 Stocks Rallying on Micron’s Price Boost: Substance or Hype?

Hedge Funds Weigh In On onsemi

A number of hedge funds have recently added to or reduced their stakes in ON. Norges Bank acquired a new position in onsemi in the fourth quarter worth approximately $330,885,000. Two Sigma Investments LP increased its holdings in onsemi by 636.1% in the third quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock worth $184,900,000 after buying an additional 3,240,375 shares during the last quarter. Rafferty Asset Management LLC increased its holdings in onsemi by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after buying an additional 2,072,125 shares during the last quarter. Marshall Wace LLP increased its holdings in onsemi by 23,784.8% in the fourth quarter. Marshall Wace LLP now owns 1,716,122 shares of the semiconductor company’s stock worth $92,928,000 after buying an additional 1,708,937 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in onsemi by 312.8% in the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after buying an additional 1,523,866 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

onsemi Stock Down 1.7%

The business has a fifty day moving average of $85.98 and a 200 day moving average of $68.13. The stock has a market cap of $48.94 billion, a price-to-earnings ratio of 88.58, a P/E/G ratio of 1.13 and a beta of 1.94. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14.

onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, equities analysts predict that onsemi will post 3.09 earnings per share for the current year.

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.