ON Semiconductor (NASDAQ:ON) Hits New 1-Year High – Time to Buy?

ON Semiconductor Corporation (NASDAQ:ON)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $77.41 and last traded at $76.9150, with a volume of 2012633 shares changing hands. The stock had previously closed at $72.43.

ON Semiconductor News Roundup

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

• Positive Sentiment: Bank of America upgraded ON to a Buy, highlighting an expanding AI-power product pipeline (including the new Treo platform) and a large share‑repurchase program that it says could be a multi‑billion dollar tailwind for valuation; the upgrade appears to have pushed investor sentiment more positive. Is Bank of America’s Upgrade Reframing ON Semiconductor’s (ON) AI Power Strategy or Just the Buyback?
• Positive Sentiment: Unusually large call‑option buying and elevated volume suggest short‑term bullish positioning and speculative interest from traders — this kind of flow can amplify intraday/near‑term rallies. ON Semiconductor Corp. (ON) Moves 10.4% Higher: Will This Strength Last?
• Neutral Sentiment: Media and research pieces are asking whether the rally is sustainable (earnings‑estimate revisions and sentiment are improving), creating both momentum buyers and short‑term traders watching for confirmation. ON Semiconductor Corp. (ON) Moves 10.4% Higher: Will This Strength Last?
• Neutral Sentiment: ON has an upcoming near‑term catalyst: the company will report Q1 results after the close on May 4, 2026 — investors will watch guidance and product‑mix commentary for AI and power offerings. onsemi to Announce First Quarter Financial Results
• Negative Sentiment: Insider selling has been noticeable in recent months (several executive/management sales reported), which some investors view as a potential cautionary signal on near‑term upside or simply as executive liquidity. $ON stock is up 7% today. Here’s what we see in our data.
• Negative Sentiment: Operational headwinds remain — recent quarters showed revenue pressure (year‑over‑year declines and softer end‑market demand), so strong gains rely on visible improvement in sales or margin recovery rather than sentiment alone. Is Bank of America’s Upgrade Reframing ON Semiconductor’s (ON) AI Power Strategy or Just the Buyback?

Analysts Set New Price Targets

ON has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $60.00 target price on shares of ON Semiconductor in a report on Tuesday, February 10th. Bank of America raised shares of ON Semiconductor from a “neutral” rating to a “buy” rating and increased their target price for the company from $70.00 to $85.00 in a report on Monday, April 13th. Wall Street Zen raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a report on Monday, April 13th. BNP Paribas Exane raised shares of ON Semiconductor from a “strong sell” rating to a “hold” rating in a report on Thursday, January 22nd. Finally, B. Riley Financial increased their target price on shares of ON Semiconductor from $54.00 to $58.00 and gave the company a “neutral” rating in a report on Tuesday, January 20th. Thirteen investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $64.96.

ON Semiconductor Stock Performance

The stock’s 50-day moving average is $65.33 and its 200-day moving average is $57.99. The stock has a market cap of $32.65 billion, a price-to-earnings ratio of 244.15, a price-to-earnings-growth ratio of 0.80 and a beta of 1.53. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.22%. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same quarter last year, the business earned $0.95 earnings per share. ON Semiconductor’s revenue was down 11.2% compared to the same quarter last year. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 20,000 shares of the firm’s stock in a transaction that occurred 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 owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. This trade represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Trent Thad sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $80.00, for a total transaction of $2,400,000.00. Following the sale, the chief financial officer owned 331,194 shares in the company, valued at approximately $26,495,520. This trade represents a 8.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 116,114 shares of company stock worth $8,492,308. 0.35% of the stock is owned by insiders.

Institutional Trading of ON Semiconductor

Hedge funds have recently bought and sold shares of the company. Private Trust Co. NA boosted its holdings in shares of ON Semiconductor by 72.8% in the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 220 shares during the last quarter. CVA Family Office LLC boosted its holdings in shares of ON Semiconductor by 83.7% in the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 215 shares during the last quarter. Root Financial Partners LLC boosted its holdings in shares of ON Semiconductor 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 during the last quarter. Quent Capital LLC acquired a new position in shares of ON Semiconductor in the 3rd quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of ON Semiconductor by 68.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 235 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

About ON Semiconductor

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.