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

onsemi (NASDAQ:ON) hit a new 52-week high during mid-day 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. The stock had previously closed at $116.20.

Other analysts also recently issued reports about the stock. Truist Financial reissued a “hold” rating and set a $101.00 price target (up from $66.00) on shares of onsemi in a report on Tuesday, May 5th. TD Cowen increased their price target on shares of onsemi from $80.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price objective on shares of onsemi from $70.00 to $100.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. UBS Group reiterated a “neutral” rating on shares of onsemi in a research report on Monday, February 2nd. Finally, Bank of America lifted their target price on shares of onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday. One research 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 assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Insider Transactions at onsemi

In other onsemi news, insider Sudhir Gopalswamy sold 6,114 shares of onsemi stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $58.67, for a total transaction of $358,708.38. Following the transaction, the insider directly owned 173,943 shares of the company’s stock, valued at $10,205,235.81. The trade was a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction dated 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 transaction, the chief financial officer directly owned 301,194 shares in the company, valued at $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 66,114 shares of company stock worth $5,548,708 over the last ninety days. 0.35% of the stock is owned by insiders.

Trending Headlines about 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 institutional investors have recently bought and sold shares of ON. Kestra Private Wealth Services LLC increased its holdings in onsemi by 2.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,554 shares of the semiconductor company’s stock valued at $282,000 after purchasing an additional 125 shares during the last quarter. Apollon Wealth Management LLC lifted its stake in onsemi by 1.8% during the first quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 127 shares in the last quarter. Evexia Wealth LLC lifted its stake in onsemi by 1.1% during the first quarter. Evexia Wealth LLC now owns 13,328 shares of the semiconductor company’s stock worth $825,000 after purchasing an additional 142 shares in the last quarter. Root Financial Partners LLC lifted its stake in onsemi by 42.1% during 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. Finally, V Square Quantitative Management LLC lifted its stake in onsemi by 2.7% during the first quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock worth $368,000 after purchasing an additional 157 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

onsemi Stock Down 1.7%

The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14. The business has a 50 day simple moving average of $85.98 and a 200 day simple moving average of $68.13. The company has a market capitalization of $48.94 billion, a price-to-earnings ratio of 88.58, a PEG ratio of 1.13 and a beta of 1.94.

onsemi (NASDAQ:ON) last released its quarterly earnings results 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 company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. The firm’s revenue 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 analysts predict that onsemi will post 3.09 earnings per share for the current fiscal 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.