onsemi (NASDAQ:ON) Trading Down 9.3% – Time to Sell?

onsemi (NASDAQ:ON)’s share price fell 9.3% during trading on Wednesday . The stock traded as low as $66.68 and last traded at $66.3980. 8,876,121 shares were traded during trading, a decline of 14% from the average daily volume of 10,325,120 shares. The stock had previously closed at $73.20.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi introduced its Embedded Power Platform (EPP), which integrates power devices, including silicon, silicon carbide and gallium nitride, into a wafer-level package. The company says the architecture could deliver up to 3–5 times higher power density, reduce thermal and electrical losses, and shorten development cycles. EPP is aimed at AI infrastructure, electric vehicles and industrial automation. onsemi Introduces the Embedded Power Platform
• Positive Sentiment: Subaru entered a strategic technology engagement to evaluate EPP for future electrified vehicles. The collaboration gives Subaru access to engineering samples and technical expertise, offering potential validation for onsemi’s technology and a path to future automotive design wins. However, it is an evaluation agreement rather than a production contract. Subaru to Evaluate onsemi’s Embedded Power Platform
• Positive Sentiment: Management outlined a potential $213 billion total addressable market by 2030 across automotive, industrial, AI data centers and emerging physical-AI applications. onsemi plans to sell higher-value, system-level solutions rather than individual components, which could increase content per customer and diversify its end-market exposure. onsemi Charts Path to Power the Next Decade of Innovation
• Neutral Sentiment: The announcements are largely long-term and include forward-looking projections, with EPP sampling expected to begin in 2026. No material revenue guidance, binding customer orders or earnings impact was disclosed, limiting the immediate effect on valuation.
• Negative Sentiment: Recent insider activity is a modest sentiment headwind: onsemi CFO Trent Thad reportedly sold 90,000 shares over the past six months with no reported insider purchases. Institutional ownership data is also mixed, with several large investors adding shares while others reduced positions.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of onsemi from $90.00 to $107.00 and gave the stock a “hold” rating in a research note on Wednesday, June 24th. Weiss Ratings raised shares of onsemi from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 7th. Bank of America boosted their price target on shares of onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. UBS Group reaffirmed a “neutral” rating and issued a $95.00 price target on shares of onsemi in a research report on Monday, June 29th. Finally, Robert W. Baird lifted their price objective on shares of onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $96.44.

onsemi Stock Performance

The business has a 50-day moving average of $80.77 and a two-hundred day moving average of $87.42. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 2.49. The company has a market cap of $26.03 billion, a P/E ratio of 42.64, a P/E/G ratio of 0.59 and a beta of 2.00.

onsemi (NASDAQ:ON) last announced its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, sell-side analysts predict that onsemi will post 3.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Root Financial Partners LLC grew its holdings in onsemi by 42.1% in the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 149 shares during the last quarter. SHP Wealth Management purchased a new stake in shares of onsemi during the 4th quarter valued at $32,000. Ascentis Independent Advisors acquired a new stake in shares of onsemi in the 1st quarter worth $36,000. Deseret Mutual Benefit Administrators boosted its position in shares of onsemi by 28.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 728 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 160 shares in the last quarter. Finally, Clearstead Advisors LLC grew its stake in onsemi by 180.4% during the 4th quarter. Clearstead Advisors LLC now owns 1,113 shares of the semiconductor company’s stock worth $60,000 after buying an additional 716 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.