onsemi (ON) is down 5.9% today. Here is some analysis on what might have caused this price movement.
Analysis: The move appears most consistent with a broader semiconductor pullback tied to shifting interest-rate expectations and profit-taking ahead of a key Federal Reserve policy window. In addition, onsemi’s recent convertible-notes financing could be contributing to near-term technical selling pressure (for example, via hedging activity), even though it also included a share repurchase.
Details:
Sources:
Charles Schwab, onsemi Investor Relations, U.S. Securities and Exchange Commission
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 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 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 7 sales selling 150,000 shares for an estimated $12,462,975.
- SIMON KEETON (Group President, PSG) has made 0 purchases and 2 sales selling 48,860 shares for an estimated $3,505,698.
- 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.
$ON Hedge Fund Activity
We have seen 412 institutional investors add shares of $ON stock to their portfolio, and 443 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 $100.5.
Here are some recent targets:
- Atif Malik from Citigroup set a target price of $120.0 on 06/15/2026
- Joe Quatrochi from Wells Fargo set a target price of $140.0 on 06/09/2026
- 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
- Tristan Gerra from Baird 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.
