onsemi (NASDAQ:ON) Sets New 12-Month High Following Analyst Upgrade

Key Points

• 52-week high — onsemi shares jumped to a new 52-week high (intraday high $105.81) after JPMorgan raised its price target to $100, amid heavy trading and a wave of analyst target increases.
• Fundamentals and catalysts — the company beat Q1 estimates (EPS $0.64, revenue $1.51B), set Q2 guidance of $0.65–$0.77, and cited an expected AI data‑center revenue lift plus ~$346M of buybacks, prompting fresh institutional interest.
• Risks — recent insider selling (146,114 shares in three months), a rich valuation (P/E ~72.9) and elevated trading volatility pose near‑term downside if execution or guidance disappoints.

onsemi (NASDAQ:ON - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday after JPMorgan Chase & Co. raised their price target on the stock from $70.00 to $100.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. onsemi traded as high as $105.81 and last traded at $102.7710, with a volume of 22688910 shares traded. The stock had previously closed at $102.04.

A number of other research analysts have also issued reports on the stock. Truist Financial restated a "hold" rating and issued a $101.00 target price (up from $66.00) on shares of onsemi in a report on Tuesday. Stifel Nicolaus upped their target price on shares of onsemi from $50.00 to $60.00 and gave the company a "hold" rating in a report on Friday, January 16th. Robert W. Baird upped their target price on shares of onsemi from $56.00 to $100.00 and gave the company a "neutral" rating in a report on Tuesday. Mizuho upped their target price on shares of onsemi from $70.00 to $120.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, UBS Group restated a "neutral" rating on shares of onsemi in a report on Monday, February 2nd. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $85.08.

Insider Transactions at onsemi

In other news, CFO Trent Thad sold 60,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the transaction, the chief financial officer directly owned 339,460 shares in the company, valued at $24,176,341.20. This represents a 15.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. The trade was a 1.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 146,114 shares of company stock worth $11,282,308 in the last three months. Company insiders own 0.35% of the company's stock.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Q1 beat and stronger guidance — onsemi posted Q1 non‑GAAP EPS of $0.64 (above consensus) and revenue of $1.51B; management set Q2 EPS guidance of $0.65–$0.77 and revenue guidance above Street expectations, signaling recovery beyond the cyclical trough. onsemi Reports First Quarter 2026 Results
• Positive Sentiment: AI data-center lift — management and multiple analysts highlight an AI data‑center inflection (company projects data‑center revenue to double in 2026), which supports margin recovery and higher-volume silicon demand. Onsemi expects Q2 2026 EPS of 0.65–0.77
• Positive Sentiment: Analyst re-rates and target hikes — a wave of firms raised price targets (KeyBanc, Mizuho, Needham, Wells Fargo among them), with some turning more bullish based on the AI/EV powerstory. Upgrades are drawing fresh institutional interest. On Semiconductor Just Called the Bottom: KeyBanc Hikes Price Target
• Positive Sentiment: EV silicon carbide (SiC) momentum — coverage notes expanded EliteSiC collaborations (NIO, Geely) and stronger EV powertrain design wins, supporting long‑term TAM expansion for high‑voltage EV power chips. ON Semiconductor Is Up After Narrower Losses And Expanded EV SiC Deals
• Positive Sentiment: Share repurchases — the company disclosed meaningful buybacks (~$346M repurchased), which can support the stock and signal management confidence in the recovery. onsemi Reports First Quarter 2026 Results
• Neutral Sentiment: Elevated interest & volume — heavy trading and headline-driven flows (analyst notes, AI narrative) are amplifying intraday moves; that increases volatility even as fundamentals improve. onsemi Beats Q1 Sales Targets
• Negative Sentiment: Profit‑taking and reaction risk — despite the beat, the stock briefly fell after hours in some sessions as investors digested whether the print fully justifies lofty expectations; momentum can reverse if guidance or execution details disappoint. ON Semiconductor Stock Drops After Earnings Beat
• Negative Sentiment: Near-term headwinds: inventory and high valuation — some reports note rising inventories and the stock now trades at a rich multiple vs. historical peers, which raises expectations for consistent execution. Why ON Semiconductor Stock Fell Despite Strong Q1
• Negative Sentiment: Insider sales — recent insider share sales are disclosed and may be read by some investors as a cautionary signal (context: executives routinely sell for tax/liquidity reasons, but it can weigh on sentiment). ON Semiconductor Q1 Earnings / Insider Activity

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of ON. Kestra Private Wealth Services LLC increased its position in onsemi by 2.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,554 shares of the semiconductor company's stock worth $282,000 after purchasing an additional 125 shares in the last quarter. Apollon Wealth Management LLC increased its position in onsemi by 1.8% during the 1st quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company's stock worth $441,000 after purchasing an additional 127 shares in the last quarter. Evexia Wealth LLC increased its position in onsemi by 1.1% during the 1st quarter. Evexia Wealth LLC now owns 13,328 shares of the semiconductor company's stock worth $825,000 after purchasing an additional 142 shares in the last quarter. Root Financial Partners LLC increased its position in onsemi by 42.1% during the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 149 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its position in onsemi by 2.7% during the 1st quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company's stock worth $368,000 after purchasing an additional 157 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

onsemi Stock Performance

The stock's 50-day moving average is $70.39 and its 200-day moving average is $61.34. The stock has a market cap of $40.42 billion, a price-to-earnings ratio of 72.89, a P/E/G ratio of 1.04 and a beta of 1.94. The company has a current ratio of 4.52, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39.

onsemi (NASDAQ:ON - Get Free Report) last posted its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.03. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.49 billion. onsemi had a net margin of 9.46% and a return on equity of 12.57%. The company's revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, analysts expect that onsemi will post 2.9 EPS for the current year.

onsemi Company Profile

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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