JPMorgan Chase & Co. Forecasts Strong Price Appreciation for onsemi (NASDAQ:ON) Stock

Key Points

• JPMorgan raised its price target on onsemi from $70 to $100 but kept a "neutral" rating; analyst coverage is mixed overall (15 Buy, 15 Hold, 1 Sell) with an average target of $83.96.
• Q1 beat and upbeat guidance: onsemi topped estimates (EPS $0.64, revenue $1.51B), set Q2 EPS guidance of $0.65–$0.77, highlighted accelerating AI/data‑center demand and repurchased about $346M of stock, supporting a recovery thesis.
• Risks remain: the shares trade near their 52‑week high with a lofty PE (~302) and recent insider selling, leaving the stock sensitive to execution, margin, and inventory risks.

onsemi (NASDAQ:ON - Get Free Report) had its price objective hoisted by JPMorgan Chase & Co. from $70.00 to $100.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the semiconductor company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential downside of 2.70% from the company's current price.

ON has been the subject of several other reports. Jefferies Financial Group lifted their target price on shares of onsemi from $73.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday. BNP Paribas Exane raised shares of onsemi from a "strong sell" rating to a "hold" rating in a report on Thursday, January 22nd. Robert W. Baird lifted their target price on shares of onsemi from $56.00 to $100.00 and gave the stock a "neutral" rating in a report on Tuesday. UBS Group reaffirmed a "neutral" rating on shares of onsemi in a report on Monday, February 2nd. Finally, Stifel Nicolaus lifted their target price on shares of onsemi from $50.00 to $60.00 and gave the stock a "hold" rating in a report on Friday, January 16th. Fifteen analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $83.96.

onsemi Stock Up 0.7%

NASDAQ ON traded up $0.73 during trading hours on Tuesday, reaching $102.77. 21,990,330 shares of the company's stock traded hands, compared to its average volume of 9,344,364. onsemi has a 52-week low of $37.19 and a 52-week high of $105.81. The firm has a market cap of $40.42 billion, a PE ratio of 302.28, a PEG ratio of 1.05 and a beta of 1.94. The firm has a 50-day simple moving average of $69.72 and a 200 day simple moving average of $60.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98.

onsemi (NASDAQ:ON - Get Free Report) last issued its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The business had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.49 billion. onsemi had a net margin of 2.02% and a return on equity of 12.22%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Sell-side analysts anticipate that onsemi will post 2.9 EPS for the current fiscal year.

Insider Transactions at onsemi

In other news, CFO Trent Thad sold 30,000 shares of onsemi stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total value of $2,790,000.00. Following the completion of the sale, the chief financial officer directly owned 301,194 shares in the company, valued at $28,011,042. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Hassane El-Khoury sold 20,000 shares of onsemi stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $73.02, for a total transaction of $1,460,400.00. Following the completion of the sale, the chief executive officer owned 1,015,610 shares of the company's stock, valued at $74,159,842.20. This represents a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 146,114 shares of company stock worth $11,282,308 over the last three months. 0.35% of the stock is currently owned by company insiders.

Institutional Trading of onsemi

A number of large investors have recently made changes to their positions in the stock. Fisher Funds Management LTD grew its position in onsemi by 42.0% during the third quarter. Fisher Funds Management LTD now owns 87,729 shares of the semiconductor company's stock valued at $4,326,000 after buying an additional 25,949 shares during the period. Pictet Asset Management Holding SA grew its position in onsemi by 38.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company's stock valued at $215,624,000 after buying an additional 1,112,774 shares during the period. Quantbot Technologies LP grew its position in onsemi by 67.3% during the third quarter. Quantbot Technologies LP now owns 94,146 shares of the semiconductor company's stock valued at $4,642,000 after buying an additional 37,881 shares during the period. Rakuten Investment Management Inc. bought a new stake in onsemi during the third quarter valued at approximately $5,327,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in onsemi during the third quarter valued at approximately $1,134,000. 97.70% of the stock is currently owned by institutional investors.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Q1 results beat expectations — non‑GAAP EPS $0.64 and revenue $1.51B topped consensus, and management says the company has passed a cyclical trough as demand strengthened through the quarter. onsemi Q1 Release
• Positive Sentiment: Bullish AI/data‑center narrative — analysts and the company expect AI data‑center revenue to double in 2026, underpinning stronger margins and a multi‑quarter recovery in power and industrial end markets. Benzinga: Data Center Revenue
• Positive Sentiment: Analysts raised targets and turned more bullish — several firms (KeyBanc, Needham, Mizuho, Wells Fargo, TD Cowen and others) lifted price targets and ratings after the print, signaling renewed conviction in the recovery. 247WallSt: KeyBanc Raise
• Neutral Sentiment: Stronger Q2 guidance — onsemi set Q2 EPS of $0.65–$0.77 and revenue guidance above some expectations, which supports the recovery thesis but leaves execution risk if demand shifts. Seeking Alpha: Q2 Guidance
• Positive Sentiment: Capital return — management repurchased roughly $346M of stock in the quarter, a meaningful buyback that supports EPS and signals confidence. Press Release: Buybacks
• Neutral Sentiment: Mixed analyst views — some firms kept Hold/Neutral ratings (Truist, Robert W. Baird, Rosenblatt) even as targets climbed, reflecting remaining concerns about technology gaps and mid‑cycle profitability. TipRanks: Neutral Views
• Negative Sentiment: Profit‑taking after a big run — the stock has rallied strongly year‑to‑date, so some investors sold into the earnings beat to lock gains; headlines note a post‑earnings pullback despite the beat. Barron's: Why Stock Dropped
• Negative Sentiment: High valuation and elevated expectations — multiple articles point to lofty multiples and elevated investor expectations that make the shares sensitive to any execution or margin miss. Blockonomi: Stock Reaction
• Negative Sentiment: Operational/working‑capital signals — some coverage mentioned inventories increasing; if inventories climb faster than demand recovery, that could pressure near‑term margins. Yahoo Finance: Inventory Note

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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