onsemi (ON) News Today

onsemi (NASDAQ: ON) is moving higher today after fresh bullish analyst commentary and a positive read-through from its exposure to China’s EV market. Mizuho raised its price target on onsemi to $130 from $120 and kept an Outperform rating, implying more upside from current levels. Separately, coverage noted that onsemi is gaining traction in China’s electric vehicle market as its silicon carbide technology is being adopted across new models and next-generation EV platforms.

Investors also appear to be focusing on the company’s recent earnings strength. onsemi beat Q1 expectations on both earnings and revenue, with revenue growth of 4.7% year over year, and management guided Q2 EPS above the prior-year level. That combination of solid execution, improving EV demand, and a higher Street target is helping support the stock.

• Positive Sentiment: Mizuho lifted its price target on onsemi to $130 and reaffirmed an Outperform rating, signaling continued analyst confidence in the stock.
• Positive Sentiment: Reports say onsemi is gaining share in China’s EV market as its silicon carbide products expand into more vehicle platforms, a potentially important growth driver.
• Positive Sentiment: Recent quarterly results topped expectations on both EPS and revenue, reinforcing the view that fundamentals remain strong.
• Neutral Sentiment: One article discussed onsemi in the context of broader semiconductor weakness tied to U.S.-China trade headlines, but the company-specific catalyst today appears to be the analyst upgrade and EV growth narrative.