onsemi (NASDAQ:ON) Trading 7.6% Higher – Should You Buy?

onsemi (NASDAQ:ON)’s share price shot up 7.6% during trading on Thursday . The stock traded as high as $102.07 and last traded at $100.9530. 3,016,426 shares changed hands during trading, a decline of 72% from the average session volume of 10,766,304 shares. The stock had previously closed at $93.79.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Bank of America said onsemi’s planned Synaptics acquisition could create long-term strategic synergies, adding complementary compute assets to onsemi’s power, sensing and control businesses and supporting its edge AI strategy. Onsemi’s Synaptics acquisition could unlock long-term synergies, says Bank of America
• Positive Sentiment: Separate coverage noted that onsemi was added to several Russell growth benchmarks, including the Russell 1000 Growth, which can support demand from index funds and help offset near-term volatility. Is ON Semiconductor (ON) Fully Valued Following Index Inclusion And Its Synaptics Deal?
• Neutral Sentiment: New product-related coverage highlighted Vadzo Imaging’s validation of an onsemi AR0830 HyperLux camera module for Raspberry Pi 5, which is supportive of the company’s image-sensing technology but likely not a major near-term stock driver. Vadzo Imaging Validates Bolt-830CRS: Onsemi AR0830 HyperLux 8MP 4K HDR MIPI Camera for Raspberry Pi 5
• Negative Sentiment: On the cautionary side, Pomerantz Law Firm announced an investor investigation into onsemi, which can create headline risk even if it does not imply wrongdoing. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ON Semiconductor Corporation – ON

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ON. Stifel Nicolaus raised their price target on shares of onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Susquehanna raised their price objective on onsemi from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Thursday. B. Riley Financial raised their price target on shares of onsemi from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Jefferies Financial Group lifted their price target on shares of onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Cantor Fitzgerald upped their price target on shares of onsemi from $100.00 to $110.00 and gave the company a “neutral” rating in a report on Monday, June 29th. Thirteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, onsemi has a consensus rating of “Hold” and a consensus price target of $103.24.

onsemi Price Performance

The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.14 and a current ratio of 4.87. The company’s fifty day moving average price is $111.13 and its 200 day moving average price is $81.51. The firm has a market capitalization of $37.61 billion, a price-to-earnings ratio of 68.06, a price-to-earnings-growth ratio of 0.87 and a beta of 2.01.

onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. onsemi’s quarterly revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Equities research analysts expect that onsemi will post 3.09 earnings per share for the current year.

Insider Activity

In other news, CFO Trent Thad sold 30,000 shares of the company’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 transaction, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. This represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Pictet Asset Management Holding SA increased its position in onsemi by 38.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company’s stock valued at $215,624,000 after acquiring an additional 1,112,774 shares during the period. Twin Capital Management Inc. bought a new position in onsemi in the 4th quarter valued at about $585,000. Carmel Capital Partners LLC increased its stake in onsemi by 119.3% during the 4th quarter. Carmel Capital Partners LLC now owns 73,416 shares of the semiconductor company’s stock valued at $3,975,000 after buying an additional 39,944 shares during the period. F&V Capital Management LLC acquired a new position in onsemi during the 4th quarter valued at about $15,075,000. Finally, ArrowMark Colorado Holdings LLC raised its position in shares of onsemi by 6.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,006,653 shares of the semiconductor company’s stock worth $49,638,000 after buying an additional 63,481 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

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.