onsemi (NASDAQ:ON) Shares Gap Up – Time to Buy?

onsemi (NASDAQ:ON) shares gapped up before the market opened on Wednesday . The stock had previously closed at $93.30, but opened at $99.56. onsemi shares last traded at $98.8180, with a volume of 1,322,434 shares traded.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Expanded OEM demand — onsemi deepened collaboration with Geely to integrate its EliteSiC 900V power technologies into Geely’s SEA‑S platform, a direct catalyst for higher SiC power device content per EV and a multi‑vehicle roll‑out path. Read More.
• Positive Sentiment: NIO partnership strengthens 900V roadmap — onsemi’s work with NIO to support 900V EV architectures reinforces near‑term design wins with another major EV OEM, increasing visibility into high‑voltage power‑electronics demand. Read More.
• Positive Sentiment: Sector momentum — recent analyst/features highlight an industrial/automotive chip rally driven by AI, EV electrification and power‑conversion needs, which favors onsemi’s portfolio (SiC power, sensors, power management). That macro narrative is supporting multiple chip names, including ON. Read More.
• Neutral Sentiment: Earnings and guidance are mixed — recent quarterly results beat EPS modestly but showed revenue pressure year‑over‑year and conservative near‑term guidance; upside remains execution‑dependent. Watch upcoming Q1 prints and management commentary for demand signal confirmation. Read More.
• Negative Sentiment: Insider selling and short‑term profit‑taking — the CFO sold shares under a 10b5‑1 plan (SEC filing); while routine, such sales can feed short‑term selling or raise perception issues during a volatile sector rally. Read More.
• Negative Sentiment: Broader semiconductor caution — an earlier industry pullback tied to AI‑spend uncertainty and geopolitical risk weighed on semiconductors; that backdrop can produce volatility even when company‑level news is positive. Read More.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Mizuho lowered their target price on shares of onsemi from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Tuesday, February 10th. Benchmark downgraded shares of onsemi from a “buy” rating to a “hold” rating in a report on Tuesday, February 10th. Rosenblatt Securities upped their price objective on shares of onsemi from $50.00 to $60.00 and gave the company a “neutral” rating in a report on Tuesday, February 10th. Wall Street Zen upgraded shares of onsemi from a “hold” rating to a “buy” rating in a report on Monday, April 13th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $60.00 price objective on shares of onsemi in a report on Tuesday, February 10th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $67.15.

onsemi Stock Performance

The stock has a market capitalization of $38.61 billion, a price-to-earnings ratio of 288.20, a P/E/G ratio of 0.99 and a beta of 1.53. The company’s fifty day simple moving average is $68.50 and its 200 day simple moving average is $60.27. The company has a quick ratio of 2.98, a current ratio of 4.52 and a debt-to-equity ratio of 0.39.

onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. onsemi had a net margin of 2.02% and a return on equity of 12.22%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The company’s quarterly revenue was down 11.2% on a year-over-year basis. onsemi has set its Q1 2026 guidance at 0.560-0.660 EPS. On average, equities research analysts expect that onsemi will post 2.93 earnings per share for the current year.

Insider Activity

In other news, CEO Hassane El-Khoury sold 20,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the sale, the chief executive officer owned 1,015,610 shares of the company’s stock, valued at approximately $74,159,842.20. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The shares were 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 approximately $28,011,042. The trade was a 9.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 146,114 shares of company stock valued at $11,282,308. 0.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On onsemi

A number of institutional investors have recently modified their holdings of the business. Integrated Advisors Network LLC bought a new stake in shares of onsemi in the first quarter valued at about $568,000. Ascentis Independent Advisors bought a new position in onsemi during the 1st quarter worth $36,000. V Square Quantitative Management LLC increased its stake in onsemi by 2.7% during the 1st quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock worth $368,000 after acquiring an additional 157 shares during the period. QRG Capital Management Inc. increased its stake in onsemi by 4.2% during the 1st quarter. QRG Capital Management Inc. now owns 28,800 shares of the semiconductor company’s stock worth $1,783,000 after acquiring an additional 1,172 shares during the period. Finally, PFG Investments LLC bought a new position in onsemi during the 1st quarter worth $382,000. Institutional investors own 97.70% of the company’s stock.

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.