onsemi (NASDAQ:ON – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $107.25 and last traded at $107.24, with a volume of 9682258 shares changing hands. The stock had previously closed at $103.20.
onsemi News Summary
Here are the key news stories impacting onsemi this week:
- Positive Sentiment: onsemi reported Q1 results that topped Wall Street estimates and highlighted accelerating AI data center demand, improving automotive trends, and strong sequential growth in its power portfolio. onsemi’s Q1 Earnings Call: Our Top 5 Analyst Questions
- Positive Sentiment: Cantor Fitzgerald raised its price target on onsemi (ON) to $100 from $95, reinforcing a constructive view even though the firm kept a neutral rating. Benzinga report on Cantor Fitzgerald target raise
- Neutral Sentiment: Separately, onsemi is being mentioned in more technical and sector-driven commentary, including a report that chip stocks are retreating amid inflation jitters and pre-event positioning, suggesting part of the move may be market-wide rather than company-specific. onsemi slides as chip stocks retreat amid inflation jitters and pre-event positioning
- Negative Sentiment: Some recent analysis points to continued slowdown in silicon carbide and rising competition in CIS from Sony, which could cap enthusiasm if execution does not improve. onsemi is Facing a Continued Slowdown in SiC and Greater Competition in CIS from Sony
Wall Street Analysts Forecast Growth
ON has been the topic of several analyst reports. Jefferies Financial Group boosted their target price on onsemi from $73.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Needham & Company LLC raised their target price on shares of onsemi from $72.00 to $110.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Morgan Stanley raised their target price on shares of onsemi from $85.00 to $87.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. Evercore restated an “outperform” rating on shares of onsemi in a report on Tuesday, May 5th. Finally, Cantor Fitzgerald upped their target price on onsemi from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $88.81.
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 stock’s 50 day simple moving average is $74.92 and its 200 day simple moving average is $63.58. The firm has a market capitalization of $45.35 billion, a P/E ratio of 82.06, a P/E/G ratio of 0.93 and a beta of 1.94.
onsemi (NASDAQ:ON – Get Free Report) last issued its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%.onsemi’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, analysts expect that onsemi will post 3.09 earnings per share for the current fiscal year.
Insider Activity
In other onsemi news, CFO Trent Thad sold 30,000 shares of the 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 transaction, the chief financial officer directly owned 301,194 shares in the company, valued at $28,011,042. This represents a 9.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $58.67, for a total transaction of $358,708.38. Following the completion of the transaction, the insider directly owned 173,943 shares of the company’s stock, valued at $10,205,235.81. This trade represents a 3.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 66,114 shares of company stock worth $5,548,708. 0.35% of the stock is owned by company insiders.
Hedge Funds Weigh In On onsemi
A number of large investors have recently bought and sold shares of the business. AQR Capital Management LLC boosted its position in onsemi by 187.9% during the first quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock valued at $4,863,000 after purchasing an additional 79,206 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in onsemi by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after purchasing an additional 507 shares in the last quarter. Brown Advisory Inc. bought a new stake in onsemi during the second quarter valued at about $201,000. Cresset Asset Management LLC boosted its position in onsemi by 24.8% during the second quarter. Cresset Asset Management LLC now owns 10,137 shares of the semiconductor company’s stock valued at $531,000 after purchasing an additional 2,016 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in onsemi by 108.0% during the second quarter. Cerity Partners LLC now owns 31,646 shares of the semiconductor company’s stock valued at $1,659,000 after purchasing an additional 16,435 shares in the last quarter. Institutional investors 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.
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