onsemi (NASDAQ:ON) Share Price Crosses Below Fifty Day Moving Average - Here's Why

Key Points

• onsemi shares fell below their 50-day moving average, trading as low as $75.94 and last changing hands near $76.00. The stock also remains below its 200-day average, reflecting a cautious technical backdrop amid broader semiconductor-sector selling.
• Management raised its long-term revenue growth target to 12%–14% annually through 2030, while revised terms for the Synaptics acquisition could lower the purchase price and make the deal immediately earnings-accretive.
• Analyst sentiment remains moderately positive but mixed: 15 analysts rate the stock Buy and 15 Hold, producing a “Moderate Buy” consensus and an average price target of $95.56 versus the recent price near $76.

onsemi (NASDAQ:ON - Get Free Report)'s share price crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $76.19 and traded as low as $75.94. onsemi shares last traded at $76.00, with a volume of 7,546,398 shares traded.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi raised its long-term revenue growth target to a 12%–14% compound annual growth rate through 2030, signaling management’s confidence in demand across automotive, industrial and AI-related semiconductor markets. onsemi raises revenue CAGR target through 2030
• Positive Sentiment: An amended Synaptics acquisition agreement reportedly lowers onsemi’s purchase price and is expected to be immediately earnings-accretive. The deal could also strengthen onsemi’s exposure to AI infrastructure demand, although execution and integration remain important risks. onsemi revises Synaptics deal terms
• Neutral Sentiment: Analysts and investors are reassessing whether onsemi’s valuation is justified by future cash generation following its pullback. The shares trade at a relatively elevated trailing P/E, making them more sensitive to changes in growth expectations and interest rates. onsemi stock looks fairly valued after pullback
• Negative Sentiment: The stock’s weakness appears tied largely to broader selling in semiconductor and technology shares, as investors rotated away from high-growth chip names and questioned the durability of aggressive AI infrastructure spending. onsemi is trading below its 200-day moving average, reinforcing the cautious near-term technical backdrop. Why onsemi dipped more than the broader market

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Citigroup dropped their target price on shares of onsemi from $120.00 to $98.00 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. Truist Financial reduced their price target on shares of onsemi from $91.00 to $75.00 and set a "hold" rating on the stock in a research report on Friday, September 18th. Mizuho decreased their price target on shares of onsemi from $110.00 to $95.00 and set an "outperform" rating for the company in a report on Thursday, September 17th. Stifel Nicolaus boosted their price objective on shares of onsemi from $75.00 to $80.00 and gave the company a "hold" rating in a research report on Monday, October 5th. Finally, Wells Fargo & Company increased their price objective on shares of onsemi from $85.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday, October 2nd. Fifteen research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $95.56.

onsemi Trading Down 2.0%

The firm has a market cap of $29.59 billion, a P/E ratio of 48.72, a P/E/G ratio of 0.64 and a beta of 2.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. The firm has a fifty day moving average of $76.19 and a 200-day moving average of $89.50.

onsemi (NASDAQ:ON - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) 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 return on equity of 14.06% and a net margin of 10.17%. The business's revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Equities research analysts forecast that onsemi will post 3.20 earnings per share for the current year.

Insider Transactions at onsemi

In other onsemi news, insider Sudhir Gopalswamy sold 15,578 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $80.00, for a total value of $1,246,240.00. Following the sale, the insider directly owned 158,177 shares in the company, valued at approximately $12,654,160. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.35% of the company's stock.

Hedge Funds Weigh In On onsemi

Several institutional investors have recently modified their holdings of ON. SHP Wealth Management purchased a new position in onsemi during the 4th quarter valued at about $32,000. Ascentis Independent Advisors acquired a new position in shares of onsemi in the first quarter worth $36,000. Root Financial Partners LLC raised its holdings in shares of onsemi by 39.4% during the first quarter. Root Financial Partners LLC now owns 701 shares of the semiconductor company's stock worth $43,000 after acquiring an additional 198 shares in the last quarter. Compass Financial Management LLC purchased a new stake in shares of onsemi during the second quarter worth $67,000. Finally, IFP Advisors Inc boosted its position in onsemi by 74.1% during the second quarter. IFP Advisors Inc now owns 1,327 shares of the semiconductor company's stock valued at $125,000 after purchasing an additional 565 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

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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