onsemi (NASDAQ:ON – Get Free Report) shares fell 8.6% during trading on Tuesday . The company traded as low as $119.12 and last traded at $120.1920. Approximately 1,936,974 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 10,213,648 shares. The stock had previously closed at $131.55.
Key onsemi News
Here are the key news stories impacting onsemi this week:
- Negative Sentiment: Semiconductor shares weakened across the board after reports that South Korea’s SK Hynix is slowing HBM expansion, which sparked concern that AI-chip demand and capex could moderate. KLA Corporation, onsemi, and Nova Shares Are Falling, What You Need To Know
- Negative Sentiment: Another market note said onsemi and other chip names sold off as leverage concerns in South Korean chipmakers and doubts about debt-funded AI spending weighed on the sector. onsemi and Semtech Shares Are Falling, What You Need To Know
- Neutral Sentiment: A separate commentary piece argued that onsemi’s strong six-month run may make some investors cautious, but it did not point to a new earnings or guidance disappointment. 3 Reasons to Sell ON and 1 Stock to Buy Instead
Analyst Upgrades and Downgrades
Several research firms have issued reports on ON. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. Susquehanna increased their price target on onsemi from $100.00 to $120.00 and gave the stock a “positive” rating in a report on Tuesday, May 5th. JPMorgan Chase & Co. raised their price objective on onsemi from $70.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Zacks Research upgraded shares of onsemi from a “hold” rating to a “strong-buy” rating in a report on Wednesday, May 6th. Finally, Citigroup upped their target price on shares of onsemi from $100.00 to $120.00 and gave the company a “neutral” rating in a research report on Monday, June 15th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $96.56.
onsemi Stock Performance
The firm has a 50-day moving average price of $109.37 and a 200 day moving average price of $78.30. The firm has a market capitalization of $45.15 billion, a PE ratio of 81.71, a price-to-earnings-growth ratio of 1.04 and a beta of 1.97. The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41.
onsemi (NASDAQ:ON – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.03. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the previous year, the business earned $0.55 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Research analysts expect that onsemi will post 3.09 earnings per share for the current year.
Insider Transactions at onsemi
In other 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 sale, the chief financial officer owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. This represents a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by company insiders.
Institutional Investors Weigh In On onsemi
Large investors have recently added to or reduced their stakes in the business. CVA Family Office LLC boosted its position in onsemi 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 buying an additional 215 shares during the period. Root Financial Partners LLC increased its position in shares of onsemi 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 acquiring an additional 149 shares during the period. DV Equities LLC acquired a new stake in shares of onsemi in the fourth quarter valued at $30,000. SHP Wealth Management purchased a new position in onsemi in the fourth quarter valued at $32,000. Finally, Summit Securities Group LLC boosted its holdings in onsemi by 346.3% in the fourth quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 464 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.
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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