onsemi slides as chip stocks retreat amid inflation jitters and pre-event positioning

onsemi (ON) is down 7.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop looks driven more by a broad risk-off move in tech/semiconductors tied to inflation concerns and higher energy prices than by a new company-specific headline. With onsemi coming off a recent earnings release and heading into a May investor/annual-meeting window, the stock may also be seeing profit-taking and de-risking after a strong prior run.

Details:

U.S. equities and semiconductor stocks moved lower as investors reacted to inflation pressure alongside rising oil prices, weighing on rate-sensitive growth names.

The semiconductor index was lower on the session, suggesting the move in ON may be sector-led rather than tied to a single company announcement.

onsemi recently reported Q1 2026 results (released May 4, 2026), including revenue of $1.513 billion that exceeded the midpoint of its guidance, which can sometimes set up “sell-the-news” trading after the initial reaction.

onsemi has a scheduled annual stockholders meeting on Thursday, May 14, 2026, and stocks sometimes see positioning shifts ahead of such events.

Sources:

onsemi (Investor Relations/press release), SWI swissinfo.ch, FX Leaders

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 364 institutional investors add shares of $ON stock to their portfolio, and 414 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. 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:

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
Blayne Curtis from Jefferies set a target price of $115.0 on 05/05/2026
Harlan Sur from JP Morgan set a target price of $100.0 on 05/05/2026
Joshua Buchalter from TD Cowen set a target price of $115.0 on 05/05/2026
William Stein from Truist Securities set a target price of $101.0 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.