ON Semiconductor (NASDAQ:ON) Trading Up 8.8% After Analyst Upgrade

ON Semiconductor Corporation (NASDAQ:ON) shares were up 8.8% during mid-day trading on Thursday after B. Riley Financial upgraded the stock from a neutral rating to a buy rating. B. Riley Financial now has a $115.00 price target on the stock. ON Semiconductor traded as high as $97.43 and last traded at $96.7850. Approximately 4,543,943 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 8,749,825 shares. The stock had previously closed at $88.99.

A number of other equities analysts also recently issued reports on ON. Wells Fargo & Company increased their price objective on ON Semiconductor from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Craig Hallum reiterated a “hold” rating on shares of ON Semiconductor in a report on Tuesday, February 10th. Stifel Nicolaus increased their price objective on ON Semiconductor from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, January 16th. Truist Financial increased their price objective on ON Semiconductor from $57.00 to $66.00 and gave the stock a “hold” rating in a report on Tuesday, February 10th. Finally, Evercore reiterated an “outperform” rating on shares of ON Semiconductor in a report on Wednesday, January 7th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $67.15.

Insider Activity at ON Semiconductor

In related news, CFO Trent Thad sold 30,000 shares of the stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $80.00, for a total transaction of $2,400,000.00. Following the sale, the chief financial officer directly owned 331,194 shares of the company’s stock, valued at $26,495,520. This trade represents a 8.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the stock in a transaction on Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the sale, the insider directly owned 173,943 shares in the company, valued at $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 116,114 shares of company stock valued at $8,492,308 over the last ninety days. Insiders own 0.35% of the company’s stock.

Key Stories Impacting ON Semiconductor

Here are the key news stories impacting ON Semiconductor this week:

• Positive Sentiment: B. Riley upgraded ON to a Buy and sharply raised its price target (to $115), a high‑profile analyst endorsement that lifted investor conviction and likely triggered fresh buying. B. Riley upgrade
• Positive Sentiment: Street momentum: multiple analysts have turned more bullish and traders are positioning ahead of onsemi’s May 4 quarter — a classic pre‑earnings rotation that can amplify price moves via momentum and short‑covering. QuiverQuant note on surge
• Positive Sentiment: Sector tailwind: investors are rotating into power‑management chip names (onsemi among them) as data center, EV and AI power demands support re‑rating for power device suppliers. That thematic flow is helping ON catch broad chip‑sector buying. IBD/Yahoo chip sector story
• Neutral Sentiment: Upcoming catalyst: ON reports Q1 results in early May — investors are positioning ahead of the print, which can extend momentum but also creates event risk if results or guidance miss. Earnings catalyst note
• Neutral Sentiment: Mixed media commentary: high‑profile pundits (e.g., Jim Cramer) have called onsemi a bit of a “mystery,” reflecting divergent views that can widen intraday volatility. Traders should expect headlines to continue moving the tape. Jim Cramer commentary
• Negative Sentiment: Valuation & positioning risks: coverage pieces warn the recent move has been rapid and “parabolic,” raising the risk of a sharp pullback or profit‑taking if fundamentals or guidance disappoint. Seeking Alpha caution piece
• Negative Sentiment: Recent insider selling: public filings show meaningful insider sales in recent months, which some investors interpret as a cautionary signal (not uncommon in fast‑rising names). Monitor insider activity around the earnings release. Insider trading data

Institutional Investors Weigh In On ON Semiconductor

Institutional investors have recently modified their holdings of the business. Private Trust Co. NA boosted its position in shares of ON Semiconductor by 72.8% during the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 220 shares during the last quarter. CVA Family Office LLC boosted its position in shares of ON Semiconductor by 83.7% during the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 215 shares during the last quarter. Root Financial Partners LLC boosted its position in shares of ON Semiconductor by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 149 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of ON Semiconductor during the third quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of ON Semiconductor by 68.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 235 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

ON Semiconductor Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98. The company has a market capitalization of $38.46 billion, a PE ratio of 287.60, a PEG ratio of 0.90 and a beta of 1.53. The firm has a 50-day moving average of $67.03 and a 200 day moving average of $59.12.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The business’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same period last year, the firm posted $0.95 earnings per share. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. As a group, research analysts anticipate that ON Semiconductor Corporation will post 2.93 earnings per share for the current fiscal year.

About ON Semiconductor

ON Semiconductor, which operates under the onsemi brand, is a global supplier of semiconductor components and related solutions. The company designs, manufactures and sells a broad portfolio that includes power and analog devices, discrete components, sensors and custom mixed-signal products. Its offerings are used to manage, convert and sense electrical power and signals across a wide range of electronic systems.

ON Semiconductor serves customers in key end markets such as automotive, industrial, cloud power and communications, as well as consumer and computing applications.