MarketBeat's Top Pick for 5/11/2026

Every morning, the MarketBeat Idea Engine scans the stock market using algorithmic factors, technical indicators, trading momentum and the latest artificial intelligence models. Winning trades selected by the Idea Engine often result in 5-15% weekly gains. Some events that may place a stock on the Idea Engine list include beating earnings estimates, increasing a dividend, multiple positive analyst recommendations, announcing a buyback or a stock split or a significant increase in the positivity of news about a stock.

One trading idea is selected every Monday morning and sent out to our subscribers for free (see below). Additional ideas are published through MarketBeat All Access. Please remember that investing involves risk and that stock ideas listed in the MarketBeat Idea Engine are just that--ideas. You should not purchase a stock or any other security without doing your own research and consulting a qualified financial professional.

Here is the Idea Engine's top pick for this week:

Score: 29

onsemi NASDAQ:ON

$112.69 -5.68 (-4.80%)

As of 10:44 AM Eastern

This is a fair market value price provided by Massive. Learn more.

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. The Advanced Solutions Group segment is involved in the designing and developing of analog, mixed-signal, advanced logic, ASSPs and ASICs, Wi-Fi and power solutions for a broad base of end-users in the automotive, consumer, computing, industrial, communications, medical and aerospace/defense markets. The Intelligent Sensing Group segment is focused on the designing and developing of CMOS and CCD image sensors, as well as proximity sensors, image signal processors, single photon detectors, inclu

Date

5/11/2026

Idea Engine Score

29

Price on Recommendation Date

$103.19

Consensus Rating

Hold

Consensus Price Target

$88.81 (-21.2% Downside)

View Underlying Recommendation Factors (10)

• onsemi (NASDAQ:ON - Get Free Report) posted its earnings results on Monday. The semiconductor company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business posted $0.55 earnings per share. The business's quarterly revenue was up 4.7% on a year-over-year basis. Listen to Conference Call. View Press Release. View Slide Deck.
• onsemi was upgraded by Zacks Research from "hold" to "strong-buy". The current price is $103.19. Read More: Zacks.com
• onsemi had its price target raised by Robert W. Baird from $56.00 to $100.00. They now have a "neutral" rating on the stock. This represents a 0.7% downside from the current price of $100.73. Read More: Benzinga
• onsemi had its price target raised by Rosenblatt Securities from $60.00 to $85.00. They now have a "neutral" rating on the stock. This represents a 15.6% downside from the current price of $100.73. Read More: Benzinga
• onsemi had its price target raised by Needham & Company LLC from $72.00 to $110.00. They now have a "buy" rating on the stock. This represents a 9.2% upside from the current price of $100.73. Read More: Benzinga, The Fly
• onsemi had its price target raised by Mizuho from $70.00 to $120.00. They now have an "outperform" rating on the stock. This represents a 19.1% upside from the current price of $100.73. Read More: Benzinga, The Fly
• onsemi had its price target raised by Wells Fargo & Company from $90.00 to $115.00. They now have an "overweight" rating on the stock. This represents a 14.2% upside from the current price of $100.73. Read More: Benzinga
• onsemi had its price target raised by Morgan Stanley from $85.00 to $87.00. They now have an "equal weight" rating on the stock. This represents a 13.6% downside from the current price of $100.73. Read More: Benzinga, Tickerreport.com
• onsemi had its price target raised by JPMorgan Chase & Co. from $70.00 to $100.00. They now have a "neutral" rating on the stock. This represents a 0.7% downside from the current price of $100.73. Read More: Benzinga, Tickerreport.com
• onsemi had its price target raised by Barclays PLC from $75.00 to $100.00. They now have an "equal weight" rating on the stock. This represents a 3.1% downside from the current price of $103.19. Read More: Benzinga

Price Performance

Price performance calculations are based on the company's price at the time it was published on the idea engine and does not include reinvested dividends

Current Price Performance
Since 5/11/2026

+9.2%
$112.69 on 5/15/2026

7-Day Price Performance

Pending
Available in 4 days

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