onsemi shares rise 6.5% as bullish chip-demand signals and a near-term investor event lift sentiment

onsemi (ON) is up 6.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a broader semiconductor risk-on session after a widely followed industry outlook update reinforced expectations for strong 2026 demand, particularly tied to AI infrastructure. The stock may also be benefiting from positioning ahead of onsemi’s scheduled June 3, 2026 investor presentation, with investors looking for incremental commentary on AI data center and automotive momentum.

Details:

Markets digested an industry-level semiconductor market forecast release on June 2, 2026, which can act as a sector catalyst even without company-specific headlines.

onsemi has a public investor event listed for June 3, 2026, which can draw buyers ahead of potential business updates and Q&A.

In its May 4, 2026 earnings materials and Form 8-K, onsemi highlighted strengthening demand trends and projected Q2 2026 revenue of roughly $1.535B–$1.635B with non-GAAP EPS of $0.65–$0.77.

The same filing noted sequential acceleration in its AI data center business, supporting the view that onsemi has leverage to AI-related power and infrastructure spending.

Sources:

onsemi Investor Relations, U.S. SEC filings, WSTS

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 14 times in the past 6 months. Of those trades, 0 have been purchases and 14 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 8 sales selling 170,000 shares for an estimated $13,563,947.
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. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$ON Hedge Fund Activity

We have seen 412 institutional investors add shares of $ON stock to their portfolio, and 445 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

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
JANUS HENDERSON GROUP PLC removed 2,847,757 shares (-18.7%) from their portfolio in Q4 2025, for an estimated $154,206,041
SLATE PATH CAPITAL LP removed 2,681,400 shares (-25.6%) from their portfolio in Q1 2026, for an estimated $166,032,288
MILLENNIUM MANAGEMENT LLC removed 2,107,388 shares (-89.7%) from their portfolio in Q1 2026, for an estimated $130,489,464
SACHEM HEAD CAPITAL MANAGEMENT LP added 1,945,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $120,434,400
VOLORIDGE INVESTMENT MANAGEMENT, LLC removed 1,936,917 shares (-63.9%) from their portfolio in Q1 2026, for an estimated $119,933,900

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 Price Targets

Multiple analysts have issued price targets for $ON recently. We have seen 20 analysts offer price targets for $ON in the last 6 months, with a median target of $100.0.

Here are some recent targets:

Vijay Rakesh from Mizuho set a target price of $150.0 on 05/28/2026
Vivek Arya from B of A Securities set a target price of $138.0 on 05/26/2026
Matthew Prisco from Cantor Fitzgerald set a target price of $100.0 on 05/13/2026
Tom O'Malley from Barclays set a target price of $100.0 on 05/06/2026
Atif Malik from Citigroup set a target price of $100.0 on 05/06/2026
Tristan Gerra from Baird set a target price of $100.0 on 05/05/2026
Harlan Sur from JP Morgan set a target price of $100.0 on 05/05/2026

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.