onsemi shares rise 3.5% as buyback support and strategy updates keep sentiment constructive

onsemi (ON) is up 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears consistent with a sentiment-driven bid in semiconductors rather than a single company-specific headline. Recent company communications around portfolio “non-core” exits and ongoing capital returns (including a large repurchase authorization) may be reinforcing dip-buying interest.

Details:

onsemi has a $6 billion share repurchase authorization scheduled to run over three years, with the program starting January 1, 2026, which can provide an ongoing technical tailwind when the company is active in the market.

Management has described a strategy to streamline the business by exiting non-core revenue, while emphasizing higher-growth areas such as silicon carbide and advanced analog platforms.

Recent analyst commentary has highlighted the non-core exits as a near-term revenue headwind that could be offset by improving utilization and margins as the cycle stabilizes.

This could also reflect broader sector strength, where money rotates into liquid, high-quality chip names when risk appetite improves.

Sources:

onsemi, Investing.com, Nasdaq

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 11 times in the past 6 months. Of those trades, 0 have been purchases and 11 have been sales.

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

TRENT THAD (Exec VP & CFO) has made 0 purchases and 5 sales selling 80,000 shares for an estimated $5,373,947.
SIMON KEETON (Group President, PSG) has made 0 purchases and 3 sales selling 69,860 shares for an estimated $4,675,757.
HASSANE EL-KHOURY (CEO & President) has made 0 purchases and 2 sales selling 20,000 shares for an estimated $1,460,414.
SUDHIR GOPALSWAMY (Group President, AMG & ISG) sold 6,114 shares for an estimated $358,708

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$ON Hedge Fund Activity

We have seen 347 institutional investors add shares of $ON stock to their portfolio, and 506 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SLATE PATH CAPITAL LP added 10,480,200 shares (+inf%) to their portfolio in Q4 2025, for an estimated $567,502,830
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 10,138,199 shares (-76.4%) from their portfolio in Q4 2025, for an estimated $548,983,475
JPMORGAN CHASE & CO removed 7,372,836 shares (-48.8%) from their portfolio in Q4 2025, for an estimated $399,239,069
CAPITAL INTERNATIONAL INVESTORS removed 4,249,967 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $230,135,713
WORLDQUANT MILLENNIUM ADVISORS LLC removed 3,014,718 shares (-97.3%) from their portfolio in Q4 2025, for an estimated $163,246,979
JANUS HENDERSON GROUP PLC removed 2,847,757 shares (-18.7%) from their portfolio in Q4 2025, for an estimated $154,206,041
AMERIPRISE FINANCIAL INC removed 2,572,015 shares (-29.5%) from their portfolio in Q4 2025, for an estimated $139,274,612

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$ON Analyst Ratings

Wall Street analysts have issued reports on $ON in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

TD Cowen issued a "Buy" rating on 11/04/2025

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 19 analysts offer price targets for $ON in the last 6 months, with a median target of $66.0.

Here are some recent targets:

Tom O'Malley from Barclays set a target price of $75.0 on 02/13/2026
Joe Quatrochi from Wells Fargo set a target price of $72.0 on 02/10/2026
Kevin Cassidy from Rosenblatt set a target price of $60.0 on 02/10/2026
Matthew Prisco from Cantor Fitzgerald set a target price of $60.0 on 02/10/2026
Harsh Kumar from Piper Sandler set a target price of $75.0 on 02/10/2026
Atif Malik from Citigroup set a target price of $68.0 on 02/10/2026
William Stein from Truist Securities set a target price of $66.0 on 02/10/2026

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.