onsemi (NASDAQ:ON) Stock Price Down 9.3% – Time to Sell?

onsemi (NASDAQ:ON) shares traded down 9.3% during mid-day trading on Wednesday . The stock traded as low as $66.68 and last traded at $66.3980. Approximately 8,876,121 shares were traded during trading, a decline of 14% from the average session volume of 10,325,120 shares. The stock had previously closed at $73.20.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi unveiled its Embedded Power Platform (EPP), which integrates silicon, silicon carbide and gallium nitride technologies in a wafer-level package. The company says EPP could deliver three to five times higher power density, reduce development complexity and begin sampling with strategic automotive and AI customers in 2026. onsemi Introduces the Embedded Power Platform
• Positive Sentiment: Subaru entered a strategic technology engagement to evaluate EPP for future electrified vehicles. The relationship provides potential customer validation and could support future automotive revenue, though it remains an evaluation rather than a confirmed production contract. Subaru to Evaluate onsemi’s Embedded Power Platform
• Positive Sentiment: Management identified a potential $213 billion total addressable market by 2030 across automotive, industrial, AI data centers and emerging physical-AI applications. onsemi also expects its AI data-center business to more than double in 2026. onsemi Charts Path to Power the Next Decade of Innovation
• Neutral Sentiment: Analyst views remain mixed. Needham reaffirmed a Buy rating with a $116 target, while Wells Fargo, Cantor Fitzgerald and Rosenblatt reduced targets to $85, $90 and $85, respectively; Baird maintained Hold at $108. The dispersion reflects meaningful long-term upside but limited confidence in the near-term outlook.
• Neutral Sentiment: Options activity was unusually high, with investors purchasing 32,948 call options—about 54% above the average daily call volume—suggesting speculative interest despite the broader selloff.
• Negative Sentiment: The Investor Day presentation underwhelmed because the long-term targets and AI opportunity were viewed as insufficiently concrete relative to investor expectations. Commentary characterized the outlook as falling short, prompting at least one analyst to lower its valuation target. onsemi’s 2030 outlook falls short
• Negative Sentiment: The new EPP is strategically promising but remains largely prospective: sampling is not expected until 2026, and the announcements did not provide material production commitments or near-term revenue guidance. Investors therefore appear to be prioritizing execution, commercialization and the company’s recovery from recent semiconductor weakness.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein restated an “outperform” rating and issued a $62.00 price objective on shares of onsemi in a report on Wednesday, August 12th. Robert W. Baird raised their price objective on shares of onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Wells Fargo & Company decreased their price objective on shares of onsemi from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday. B. Riley Financial dropped their target price on onsemi from $135.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Finally, Stifel Nicolaus decreased their price target on onsemi from $90.00 to $75.00 and set a “hold” rating for the company in a report on Thursday. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $93.36.

onsemi Stock Up 2.6%

The business’s fifty day moving average price is $79.64 and its 200 day moving average price is $87.42. The firm has a market capitalization of $26.59 billion, a price-to-earnings ratio of 43.78, a PEG ratio of 0.55 and a beta of 2.00. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51.

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

Institutional Trading of onsemi

Several institutional investors and hedge funds have recently added to or reduced their stakes in ON. Kestra Private Wealth Services LLC raised its stake 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 acquiring an additional 125 shares during the period. Apollon Wealth Management LLC lifted its holdings in onsemi by 1.8% during the 1st quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 127 shares during the last quarter. Evexia Wealth LLC boosted its position 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 during the period. Root Financial Partners LLC boosted its position 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 during the period. Finally, V Square Quantitative Management LLC increased its holdings in shares of onsemi by 2.7% in the first quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 157 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other 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.