ON Semiconductor (NASDAQ:ON) Reaches New 1-Year High – What’s Next?

Shares of ON Semiconductor Corporation (NASDAQ:ON) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $87.51 and last traded at $86.91, with a volume of 10030253 shares changing hands. The stock had previously closed at $85.56.

ON Semiconductor News Roundup

Here are the key news stories impacting ON Semiconductor this week:

• Positive Sentiment: B. Riley upgraded ON to a Buy and sharply raised its price target (to $115), a high‑profile analyst endorsement that lifted investor conviction and likely triggered fresh buying. B. Riley upgrade
• Positive Sentiment: Street momentum: multiple analysts have turned more bullish and traders are positioning ahead of onsemi’s May 4 quarter — a classic pre‑earnings rotation that can amplify price moves via momentum and short‑covering. QuiverQuant note on surge
• Positive Sentiment: Sector tailwind: investors are rotating into power‑management chip names (onsemi among them) as data center, EV and AI power demands support re‑rating for power device suppliers. That thematic flow is helping ON catch broad chip‑sector buying. IBD/Yahoo chip sector story
• Neutral Sentiment: Upcoming catalyst: ON reports Q1 results in early May — investors are positioning ahead of the print, which can extend momentum but also creates event risk if results or guidance miss. Earnings catalyst note
• Neutral Sentiment: Mixed media commentary: high‑profile pundits (e.g., Jim Cramer) have called onsemi a bit of a “mystery,” reflecting divergent views that can widen intraday volatility. Traders should expect headlines to continue moving the tape. Jim Cramer commentary
• Negative Sentiment: Valuation & positioning risks: coverage pieces warn the recent move has been rapid and “parabolic,” raising the risk of a sharp pullback or profit‑taking if fundamentals or guidance disappoint. Seeking Alpha caution piece
• Negative Sentiment: Recent insider selling: public filings show meaningful insider sales in recent months, which some investors interpret as a cautionary signal (not uncommon in fast‑rising names). Monitor insider activity around the earnings release. Insider trading data

Wall Street Analysts Forecast Growth

ON has been the topic of a number of recent research reports. KeyCorp upped their target price on shares of ON Semiconductor from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Citigroup lifted their price target on shares of ON Semiconductor from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Wells Fargo & Company increased their price objective on shares of ON Semiconductor from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Piper Sandler raised their price objective on shares of ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Finally, B. Riley Financial raised shares of ON Semiconductor from a “neutral” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Thursday. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $67.15.

ON Semiconductor Price Performance

The stock has a market capitalization of $38.46 billion, a price-to-earnings ratio of 287.60, a price-to-earnings-growth ratio of 0.90 and a beta of 1.53. The company has a current ratio of 4.52, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $67.03 and its 200 day moving average is $59.12.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data 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. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.22%. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. ON Semiconductor’s revenue for the quarter was down 11.2% on a year-over-year basis. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Research analysts anticipate that ON Semiconductor Corporation will post 2.93 EPS for the current fiscal year.

Insider Buying and Selling

In other ON Semiconductor news, CEO Hassane El-Khoury sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was 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 in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Sudhir Gopalswamy sold 6,114 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the completion of the sale, the insider directly owned 173,943 shares of the company’s stock, valued at $10,205,235.81. The trade was a 3.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 116,114 shares of company stock worth $8,492,308 in the last quarter. 0.35% of the stock is owned by insiders.

Institutional Trading of ON Semiconductor

Institutional investors and hedge funds have recently bought and sold shares of the business. Kestra Private Wealth Services LLC grew its position in ON Semiconductor by 2.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,554 shares of the semiconductor company’s stock worth $282,000 after purchasing an additional 125 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of ON Semiconductor by 1.8% in the first quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company’s stock valued at $441,000 after buying an additional 127 shares during the last quarter. Evexia Wealth LLC boosted its stake in shares of ON Semiconductor by 1.1% during the first quarter. Evexia Wealth LLC now owns 13,328 shares of the semiconductor company’s stock worth $825,000 after buying an additional 142 shares during the period. Root Financial Partners LLC boosted its stake in shares of ON Semiconductor by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after buying an additional 149 shares during the period. Finally, Deseret Mutual Benefit Administrators grew its holdings in shares of ON Semiconductor by 28.2% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 728 shares of the semiconductor company’s stock worth $39,000 after buying an additional 160 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

ON Semiconductor Company Profile

ON Semiconductor, which operates under the onsemi brand, is a global supplier of semiconductor components and related solutions. The company designs, manufactures and sells a broad portfolio that includes power and analog devices, discrete components, sensors and custom mixed-signal products. Its offerings are used to manage, convert and sense electrical power and signals across a wide range of electronic systems.

ON Semiconductor serves customers in key end markets such as automotive, industrial, cloud power and communications, as well as consumer and computing applications.