onsemi (NASDAQ:ON) Trading Up 6.8% – Time to Buy?

Shares of onsemi (NASDAQ:ON) were up 6.8% during mid-day trading on Friday . The stock traded as high as $74.86 and last traded at $74.9590. 4,070,857 shares traded hands during trading, a decline of 60% from the average session volume of 10,292,279 shares. The stock had previously closed at $70.17.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Investor positioning ahead of the September 16 event is supporting the stock. Management is expected to outline its long-term strategy, growth initiatives and financial targets, potentially giving investors greater visibility into future performance. onsemi gains as investors look ahead to Investor Day and AI-power growth
• Positive Sentiment: onsemi’s AI data-center business is its fastest-growing segment, strengthening the investment case for its power-management and semiconductor products as data-center electricity demand rises. Its planned all-stock acquisition of Synaptics is also intended to expand its reach into physical AI and intelligent systems.
• Positive Sentiment: The company recently exceeded quarterly EPS and revenue expectations, while revenue grew 9.2% year over year. Its current outlook calls for third-quarter 2026 EPS of $0.81 to $0.93, above the prior-year comparison.
• Neutral Sentiment: Investor attention around onsemi has increased, as reflected by heavy searches on Zacks and other financial platforms. However, the search-related coverage provides limited new fundamental information. Investors Heavily Search ON Semiconductor Corporation
• Negative Sentiment: Risks remain from valuation and analyst caution. The stock trades at roughly 48 times earnings and remains below its 50-day and 200-day moving averages. A Wells Fargo price-target reduction recently pressured sentiment, while insiders reported four open-market sales and no purchases during the past six months. ON Semiconductor stock stabilizes after Wells Fargo target cut

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Rosenblatt Securities reissued a “neutral” rating and issued a $85.00 target price on shares of onsemi in a report on Tuesday, August 4th. Zacks Research cut onsemi from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Evercore reissued an “outperform” rating and issued a $137.00 price objective on shares of onsemi in a report on Friday, June 26th. Mizuho cut their target price on shares of onsemi from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. Finally, Truist Financial set a $40.00 price objective on onsemi in a research note on Wednesday, August 12th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.44.

onsemi Stock Up 7.2%

The company has a quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $29.29 billion, a PE ratio of 48.32, a PEG ratio of 0.58 and a beta of 2.00. The firm’s fifty day moving average is $81.89 and its 200-day moving average is $87.34.

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

Institutional Investors Weigh In On onsemi

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC increased its holdings in shares of onsemi by 42.1% in the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 149 shares in the last quarter. DV Equities LLC purchased a new position in onsemi in the fourth quarter valued at about $30,000. SHP Wealth Management acquired a new stake in shares of onsemi during the 4th quarter valued at approximately $32,000. Summit Securities Group LLC lifted its position in shares of onsemi by 346.3% during the 4th quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 464 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in shares of onsemi during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 97.70% of the company’s stock.

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.