onsemi surges 10% as analysts turn more bullish and traders position ahead of May earnings

onsemi (ON) is up 10.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a fresh wave of optimism around onsemi’s outlook, driven by analyst actions and a broader semiconductor rebound. Momentum may also be building as investors position ahead of the company’s next earnings report in early May.

Details:

Wall Street sentiment improved recently after a notable upgrade cycle, including a Bank of America Global Research upgrade to Buy with a higher price target in mid-April.

onsemi has an upcoming earnings catalyst, with the company scheduled to report first-quarter 2026 results after market close on May 4, 2026, followed by a conference call later that day.

Chip stocks have been in a strong April run, and onsemi has been participating as investors rotate into semiconductors on expectations for improving demand trends.

This could also be amplified by technical factors (breakout buying and short covering) after a multi-day advance.

Sources:

onsemi Investor Relations, Yahoo Finance, TipRanks

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 6 sales selling 110,000 shares for an estimated $7,773,947.
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 342 institutional investors add shares of $ON stock to their portfolio, and 405 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:

Vivek Arya from B of A Securities set a target price of $85.0 on 04/13/2026
Tom O'Malley from Barclays set a target price of $75.0 on 02/13/2026
Kevin Cassidy from Rosenblatt set a target price of $60.0 on 02/10/2026
N. Quinn Bolton from Needham set a target price of $72.0 on 02/10/2026
Joe Quatrochi from Wells Fargo set a target price of $72.0 on 02/10/2026
John Vinh from Keybanc set a target price of $75.0 on 02/10/2026
Vijay Rakesh from Mizuho set a target price of $70.0 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.