onsemi (NASDAQ:ON) Shares Gap Up – Should You Buy?

onsemi (NASDAQ:ON) 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.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Expanded EV partnerships: onsemi reported new/deeper collaborations with major automakers and OEMs (Geely, NIO) to support next‑gen 900V EV platforms and other EV powertrain programs — news that supports revenue visibility from automotive electrification and higher‑voltage silicon carbide demand. Onsemi and Geely expand EV collaboration
• Positive Sentiment: New energy market traction: a win powering Sineng Electric’s advanced solar + energy‑storage systems signals end‑market diversification (renewables/storage) beyond auto and data center — positive for revenue mix and long‑term secular growth. Onsemi powers Sineng Electric’s advanced solar and energy storage solutions
• Positive Sentiment: Momentum/market leadership: recent coverage highlights onsemi’s outsized April performance vs. peers (analyst pieces and stock commentary), which can drive momentum flows and analyst attention. That momentum likely contributes to today’s buying. How ON Semiconductor More Than Doubled NVIDIA’s Gains in April
• Neutral Sentiment: Upcoming earnings catalyst: Wall Street previews and company cadence point to a Q1 report (expected early May) — earnings and commentary on auto, AI/data center, and supply trends could move the stock either direction. Keep an eye on guidance/ACV comments. ON Set to Report Q1 Earnings: What’s in Store for the Stock?
• Negative Sentiment: Insider selling: a reported sale by onsemi’s CFO (~$2.79M) is a near‑term negative that can concern momentum traders and may increase supply into the tape. Monitor future SEC filings for additional insider activity. Insider Selling: onsemi (NASDAQ:ON) CFO Sells $2,790,000.00 in Stock
• Negative Sentiment: Sector volatility: the semiconductor group has shown episodic pullbacks tied to AI spending concerns and geopolitics — that broader risk can cap upside and amplify intraday swings in onsemi despite company‑specific positives. onsemi and Kulicke and Soffa Shares Plummet, What You Need To Know

Analysts Set New Price Targets

ON has been the topic of a number of recent research reports. Piper Sandler boosted their target price on shares of onsemi from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of onsemi in a research report on Tuesday, February 10th. Rosenblatt Securities boosted their target price on shares of onsemi from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. KeyCorp boosted their target price on shares of onsemi from $65.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Finally, Bank of America raised shares of onsemi from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $70.00 to $85.00 in a research report on Monday, April 13th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $67.15.

onsemi Stock Up 2.0%

The stock has a market capitalization of $39.65 billion, a price-to-earnings ratio of 296.51, a PEG ratio of 1.00 and a beta of 1.53. The firm’s fifty day moving average is $69.72 and its 200-day moving average is $60.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98.

onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. onsemi had a net margin of 2.02% and a return on equity of 12.22%. The firm’s quarterly revenue was down 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.95 earnings per share. onsemi has set its Q1 2026 guidance at 0.560-0.660 EPS. On average, sell-side analysts predict that onsemi will post 2.9 earnings per share for the current year.

Insiders Place Their Bets

In other onsemi news, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $73.02, for a total transaction of $1,460,400.00. Following the sale, the chief executive officer directly owned 1,015,610 shares of the company’s stock, valued at approximately $74,159,842.20. This represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Trent Thad sold 30,000 shares of the stock in a transaction on 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 sale, 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. Over the last three months, insiders have sold 146,114 shares of company stock valued at $11,282,308. Company insiders own 0.35% of the company’s stock.

Institutional Trading of onsemi

A number of institutional investors and hedge funds have recently modified their holdings of ON. AQR Capital Management LLC grew its position in shares of onsemi by 187.9% during the first quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock worth $4,863,000 after acquiring an additional 79,206 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of onsemi by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock worth $54,000 after acquiring an additional 507 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of onsemi during the second quarter worth about $201,000. Cresset Asset Management LLC increased its position in onsemi by 24.8% in the 2nd quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company’s stock valued at $531,000 after acquiring an additional 2,016 shares during the period. Finally, Cerity Partners LLC raised its stake in onsemi by 108.0% during the 2nd quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company’s stock valued at $1,659,000 after acquiring an additional 16,435 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

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.