onsemi (NASDAQ:ON) Trading 6.8% Higher – What’s Next?

Posted by Brenda Bartman on Sep 11th, 2026

Shares of onsemi (NASDAQ:ON – Get Free Report) 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 changed hands during trading, a decline of 60% from the average daily volume of 10,292,279 shares. The stock had previously closed at $70.17.

Key Headlines 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

Analyst Ratings Changes

A number of brokerages have recently weighed in on ON. Evercore restated an “outperform” rating and issued a $137.00 price target on shares of onsemi in a research report on Friday, June 26th. Truist Financial set a $40.00 price objective on shares of onsemi in a research note on Wednesday, August 12th. Susquehanna raised their target price on shares of onsemi from $140.00 to $150.00 and gave the company a “positive” rating in a report on Thursday, July 9th. Wells Fargo & Company lowered their price target on shares of onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, September 3rd. Finally, Weiss Ratings raised shares of onsemi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $96.44.

Get Our Latest Report on onsemi

onsemi Stock Performance

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

onsemi (NASDAQ:ON – Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, equities analysts predict that onsemi will post 3.23 earnings per share for the current year.

Institutional Investors Weigh In On onsemi

Several hedge funds have recently made changes to their positions in ON. Sequoia Financial Advisors LLC grew its position in shares of onsemi by 1.7% in the second quarter. Sequoia Financial Advisors LLC now owns 20,170 shares of the semiconductor company’s stock valued at $1,907,000 after purchasing an additional 344 shares during the period. Arlington Capital Management Inc. purchased a new position in onsemi during the second quarter worth about $246,000. WINTON GROUP Ltd acquired a new stake in onsemi in the 2nd quarter worth about $293,000. Engineers Gate Manager LP grew its holdings in onsemi by 570.3% in the 2nd quarter. Engineers Gate Manager LP now owns 304,377 shares of the semiconductor company’s stock valued at $28,776,000 after buying an additional 258,968 shares during the period. Finally, Integrated Wealth Concepts LLC grew its holdings in onsemi by 1.4% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 22,059 shares of the semiconductor company’s stock valued at $2,085,000 after buying an additional 298 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

About onsemi

(Get Free Report)

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.