onsemi Falls as Semiconductor Weakness Meets Fresh Focus on Deals and Financing

onsemi (ON) is down 4.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears to be driven mainly by broad semiconductor selling pressure, with several major chip names also trading sharply lower, rather than by a single negative company announcement. At the same time, investors may still be weighing onsemi’s recent acquisition activity and its newly expanded credit facility, which can raise near-term questions about integration, leverage, and execution even after solid quarterly results.

Details:

onsemi reported third-quarter 2026 revenue of $1.722 billion, non-GAAP earnings per share of $0.90, and free cash flow of $489 million, showing continued operational strength.

The company recently agreed to acquire Ferric, a move that onsemi said lifts its 2030 AI data center revenue target by $500 million to more than $3 billion.

onsemi also revised its Synaptics transaction into an approximately $5.7 billion all-cash deal, which shifts investor attention toward financing and closing risk as the merger process continues.

An SEC filing dated November 12, 2026 showed a new $1.75 billion revolving credit facility, while the broader chip sector was under pressure in the latest market session.

Sources:

onsemi, SEC, Associated Press

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ON Insider Trading Activity

$ON insiders have traded $ON stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $ON stock by insiders over the last 6 months:

SUDHIR GOPALSWAMY (Group President, AMG & ISG) sold 15,578 shares for an estimated $1,246,240

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$ON Hedge Fund Activity

We have seen 523 institutional investors add shares of $ON stock to their portfolio, and 465 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC removed 25,458,508 shares (-44.9%) from their portfolio in Q3 2026, for an estimated $1,956,995,509
MIZUHO SECURITIES USA LLC added 21,364,959 shares (+89693.4%) to their portfolio in Q3 2026, for an estimated $1,642,324,398
SLATE PATH CAPITAL LP removed 6,529,477 shares (-83.7%) from their portfolio in Q2 2026, for an estimated $617,296,755
JERICHO CAPITAL ASSET MANAGEMENT L.P. added 4,881,237 shares (+inf%) to their portfolio in Q2 2026, for an estimated $461,472,145
INVESCO LTD. added 3,153,149 shares (+64.5%) to their portfolio in Q3 2026, for an estimated $242,382,563
JPMORGAN CHASE & CO added 3,080,089 shares (+30.4%) to their portfolio in Q3 2026, for an estimated $236,766,441
JANE STREET GROUP, LLC removed 2,747,444 shares (-90.7%) from their portfolio in Q3 2026, for an estimated $211,196,020

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$ON Congressional Stock Trading

Members of Congress have traded $ON stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $ON stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 2 purchases worth up to $65,000 on 10/14, 09/28 and 0 sales.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$ON Analyst Ratings

Wall Street analysts have issued reports on $ON in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

B. Riley Securities issued a "Buy" rating on 11/03/2026
Evercore ISI Group issued a "Outperform" rating on 11/03/2026
Wells Fargo issued a "Overweight" rating on 11/03/2026
Needham issued a "Buy" rating on 11/03/2026
Susquehanna issued a "Positive" rating on 10/21/2026
StoneX issued a "Buy" rating on 10/15/2026
Seaport Global issued a "Buy" rating on 09/23/2026

To track analyst ratings and price targets for $ON, check out Quiver Quantitative's $ON forecast page.

$ON Price Targets

Multiple analysts have issued price targets for $ON recently. We have seen 17 analysts offer price targets for $ON in the last 6 months, with a median target of $95.0.

Here are some recent targets:

Atif Malik from Citigroup set a target price of $80.0 on 11/04/2026
William Stein from Truist Securities set a target price of $76.0 on 11/03/2026
Craig Ellis from B. Riley Securities set a target price of $97.0 on 11/03/2026
Joshua Buchalter from TD Cowen set a target price of $75.0 on 11/03/2026
Mark Lipacis from Evercore ISI Group set a target price of $90.0 on 11/03/2026
Joe Quatrochi from Wells Fargo set a target price of $90.0 on 11/03/2026
Kevin Cassidy from Rosenblatt set a target price of $80.0 on 11/03/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.