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onsemi Falls as Semiconductor Weakness Meets Fresh Focus on Deals and Financing

Investivoq PriceTracker

onsemi (ON) is down 4.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The drop appears to be driven mainly by broad semiconductor selling pressure, with several major chip names also trading sharply lower, rather than by a single negative company announcement. At the same time, investors may still be weighing onsemi’s recent acquisition activity and its newly expanded credit facility, which can raise near-term questions about integration, leverage, and execution even after solid quarterly results.

Details:

  • onsemi reported third-quarter 2026 revenue of $1.722 billion, non-GAAP earnings per share of $0.90, and free cash flow of $489 million, showing continued operational strength.
  • The company recently agreed to acquire Ferric, a move that onsemi said lifts its 2030 AI data center revenue target by $500 million to more than $3 billion.
  • onsemi also revised its Synaptics transaction into an approximately $5.7 billion all-cash deal, which shifts investor attention toward financing and closing risk as the merger process continues.
  • An SEC filing dated November 12, 2026 showed a new $1.75 billion revolving credit facility, while the broader chip sector was under pressure in the latest market session.

    • Sources:

    onsemi, SEC, Associated Press

    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 Insider Trades

    $ON insiders have traded $ON stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

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

    • SUDHIR GOPALSWAMY (Group President, AMG & ISG) sold 15,578 shares for an estimated $1,246,240

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $ON Hedge Fund Activity

    We have seen 523 institutional investors add shares of $ON stock to their portfolio, and 465 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • FMR LLC removed 25,458,508 shares (-44.9%) from their portfolio in Q3 2026, for an estimated $1,956,995,509
    • MIZUHO SECURITIES USA LLC added 21,364,959 shares (+89693.4%) to their portfolio in Q3 2026, for an estimated $1,642,324,398
    • SLATE PATH CAPITAL LP removed 6,529,477 shares (-83.7%) from their portfolio in Q2 2026, for an estimated $617,296,755
    • JERICHO CAPITAL ASSET MANAGEMENT L.P. added 4,881,237 shares (+inf%) to their portfolio in Q2 2026, for an estimated $461,472,145
    • INVESCO LTD. added 3,153,149 shares (+64.5%) to their portfolio in Q3 2026, for an estimated $242,382,563
    • JPMORGAN CHASE & CO added 3,080,089 shares (+30.4%) to their portfolio in Q3 2026, for an estimated $236,766,441
    • JANE STREET GROUP, LLC removed 2,747,444 shares (-90.7%) from their portfolio in Q3 2026, for an estimated $211,196,020

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $ON Congressional Stock Trading

    Members of Congress have traded $ON stock 2 times in the past 6 months. Of those trades, 2 have been purchases and 0 have been sales.

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

    • REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 2 purchases worth up to $65,000 on 10/14, 09/28 and 0 sales.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    $ON Analyst Ratings

    Wall Street analysts have issued reports on $ON in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • B. Riley Securities issued a "Buy" rating on 11/03/2026
    • Evercore ISI Group issued a "Outperform" rating on 11/03/2026
    • Wells Fargo issued a "Overweight" rating on 11/03/2026
    • Needham issued a "Buy" rating on 11/03/2026
    • Susquehanna issued a "Positive" rating on 10/21/2026
    • StoneX issued a "Buy" rating on 10/15/2026
    • Seaport Global issued a "Buy" rating on 09/23/2026

    To track analyst ratings and price targets for $ON, check out Investivoq's $ON forecast page.

    $ON Price Targets

    Multiple analysts have issued price targets for $ON recently. We have seen 17 analysts offer price targets for $ON in the last 6 months, with a median target of $95.0.

    Here are some recent targets:

    • Atif Malik from Citigroup set a target price of $80.0 on 11/04/2026
    • William Stein from Truist Securities set a target price of $76.0 on 11/03/2026
    • Craig Ellis from B. Riley Securities set a target price of $97.0 on 11/03/2026
    • Joshua Buchalter from TD Cowen set a target price of $75.0 on 11/03/2026
    • Mark Lipacis from Evercore ISI Group set a target price of $90.0 on 11/03/2026
    • Joe Quatrochi from Wells Fargo set a target price of $90.0 on 11/03/2026
    • Kevin Cassidy from Rosenblatt set a target price of $80.0 on 11/03/2026

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.