onsemi (NASDAQ:ON) Hits New 12-Month High – Still a Buy?

onsemi (NASDAQ:ON) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $124.63 and last traded at $124.30, with a volume of 1434348 shares traded. The stock had previously closed at $116.20.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi reported stronger-than-expected quarterly results, with EPS and revenue both topping estimates, while revenue also grew year over year. The company also issued Q2 guidance that suggests continued demand momentum. Article Title
• Positive Sentiment: Mizuho reiterated an Outperform rating and raised its price target on ON to $130 from $120, citing channel checks that indicate analog demand remains solid. Article Title
• Positive Sentiment: Recent commentary also highlighted record free cash flow, a $6 billion share repurchase authorization, and new vertical GaN power semiconductor products aimed at AI data centers and vehicle electrification, reinforcing the bullish long-term growth story. Article Title

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. TD Cowen raised their price objective on shares of onsemi from $80.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Evercore restated an “outperform” rating on shares of onsemi in a report on Tuesday, May 5th. Robert W. Baird increased their target price on shares of onsemi from $56.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Truist Financial reiterated a “hold” rating and set a $101.00 target price (up from $66.00) on shares of onsemi in a research report on Tuesday, May 5th. Finally, Roth Mkm reiterated a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $89.19.

onsemi Price Performance

The company has a quick ratio of 3.14, a current ratio of 4.87 and a debt-to-equity ratio of 0.41. The stock has a market cap of $49.44 billion, a P/E ratio of 89.48, a price-to-earnings-growth ratio of 1.03 and a beta of 1.94. The business’s 50-day simple moving average is $83.31 and its two-hundred day simple moving average is $67.05.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share 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 analyst estimates of $1.49 billion. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the business earned $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Sell-side analysts expect that onsemi will post 3.09 EPS for the current year.

Insider Buying and Selling

In other news, insider Sudhir Gopalswamy sold 6,114 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 173,943 shares in the company, valued at approximately $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Trent Thad sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the completion of the transaction, the chief financial officer owned 301,194 shares of the company’s stock, valued at $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 66,114 shares of company stock valued at $5,548,708 over the last 90 days. 0.35% of the stock is owned by company insiders.

Hedge Funds Weigh In On onsemi

A number of large investors have recently modified their holdings of the company. Janus Henderson Group PLC boosted its position in shares of onsemi by 10.9% in the first quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock valued at $848,392,000 after acquiring an additional 1,345,894 shares during the period. Empowered Funds LLC grew its position in onsemi by 814.1% during the first quarter. Empowered Funds LLC now owns 240,614 shares of the semiconductor company’s stock worth $14,899,000 after buying an additional 214,292 shares in the last quarter. Quantinno Capital Management LP grew its position in onsemi by 13.3% during the first quarter. Quantinno Capital Management LP now owns 788,484 shares of the semiconductor company’s stock worth $48,823,000 after buying an additional 92,309 shares in the last quarter. Delta Global Management LP purchased a new position in onsemi during the first quarter worth about $7,198,000. Finally, OMERS ADMINISTRATION Corp grew its position in onsemi by 97.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 30,402 shares of the semiconductor company’s stock worth $1,882,000 after buying an additional 14,983 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

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.