onsemi (NASDAQ:ON) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

onsemi (NASDAQ:ON)’s stock price passed above its fifty day moving average during trading on Tuesday. The stock has a fifty 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.

More onsemi News

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 Upgrades and Downgrades

Several equities research analysts have weighed in on ON shares. Stonex Financia raised shares of onsemi to a “strong-buy” rating in a research note on Wednesday, October 14th. Zacks Research cut shares of onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. TD Cowen reduced their target price on onsemi from $95.00 to $75.00 and set a “hold” rating for the company in a research note on Monday, October 19th. Wells Fargo & Company boosted their target price on onsemi from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, October 2nd. Finally, Stifel Nicolaus upped their price target on onsemi from $75.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and sixteen have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $92.68.

onsemi Stock Performance

The stock’s 50 day simple moving average is $74.92 and its 200 day simple moving average is $81.76.

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

Insider Activity at onsemi

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

Institutional Trading of onsemi

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its stake in shares of onsemi by 10.9% in the first quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock worth $848,392,000 after purchasing an additional 1,345,894 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of onsemi by 16.6% in the second quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock valued at $486,252,000 after purchasing an additional 731,540 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in shares of onsemi by 74.8% during the second quarter. Assenagon Asset Management S.A. now owns 2,807,808 shares of the semiconductor company’s stock valued at $265,450,000 after buying an additional 1,201,534 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of onsemi by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,442,177 shares of the semiconductor company’s stock valued at $212,997,000 after buying an additional 207,587 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of onsemi by 5.9% during the first quarter. Pacer Advisors Inc. now owns 1,544,424 shares of the semiconductor company’s stock valued at $95,631,000 after buying an additional 85,433 shares during the last quarter. 97.70% of the stock is owned by 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.