onsemi (NASDAQ:ON – Get Free Report) had its target price hoisted by equities researchers at Needham & Company LLC from $72.00 to $110.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price suggests a potential upside of 7.80% from the company’s current price.
ON has been the topic of several other reports. Wells Fargo & Company boosted their target price on shares of onsemi from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. UBS Group restated a “neutral” rating on shares of onsemi in a research report on Monday, February 2nd. Benchmark lowered shares of onsemi from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Mizuho decreased their target price on shares of onsemi from $72.00 to $70.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 10th. Finally, TD Cowen restated a “buy” rating on shares of onsemi in a research report on Tuesday, February 10th. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $71.27.
onsemi Stock Performance
onsemi (NASDAQ:ON – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. onsemi had a net margin of 2.02% and a return on equity of 12.22%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the firm posted $0.55 EPS. onsemi’s quarterly revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, sell-side analysts expect that onsemi will post 2.9 EPS for the current year.
Insider Buying and Selling
In related news, insider Sudhir Gopalswamy sold 6,114 shares of the business’s stock in a transaction dated Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the sale, the insider directly owned 173,943 shares in the company, valued at $10,205,235.81. The trade was a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction dated Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the completion of the sale, the chief financial officer owned 301,194 shares in the company, valued at $28,011,042. This represents a 9.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 146,114 shares of company stock worth $11,282,308 in the last three months. Corporate insiders own 0.35% of the company’s stock.
Institutional Investors Weigh In On onsemi
Hedge funds and other institutional investors have recently modified their holdings of the company. CVA Family Office LLC raised its position in shares of onsemi by 83.7% in the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 215 shares during the last quarter. Root Financial Partners LLC boosted its position in onsemi by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 149 shares during the last quarter. Quent Capital LLC acquired a new stake in onsemi during the third quarter worth approximately $28,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in onsemi by 68.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 235 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators boosted its position in onsemi by 62.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 218 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.
onsemi News Summary
Here are the key news stories impacting onsemi this week:
- Positive Sentiment: Q1 results beat Wall Street: onsemi reported Q1 revenue of ~$1.513B and non-GAAP EPS of $0.64, topping analyst estimates and showing year-over-year revenue growth. onsemi Reports First Quarter 2026 Results
- Positive Sentiment: Stronger-than-expected Q2 guidance: management gave EPS guidance (0.650–0.770) and revenue guidance with a midpoint above consensus, citing resilient automotive and data‑center demand. That underpins the recovery thesis. Chipmaker Onsemi forecasts quarterly revenue above estimates on resilient auto demand
- Positive Sentiment: Capital return and buybacks: the company repurchased about $346M of stock in the quarter, supporting shareholder value and reducing float. onsemi Reports First Quarter 2026 Results
- Neutral Sentiment: Demand mix: management and press coverage point to strengthening AI/data‑center and automotive (SiC) demand — positive structurally but still early in the recovery, so cadence matters. ON Semiconductor Narrows 1Q Loss on AI Data-Center Demand
- Neutral Sentiment: Operational caveats: inventory levels rose and margins remain volatile even as revenue improves — monitor inventories and margin trend in coming quarters. onsemi (NASDAQ:ON) Beats Q1 Sales Targets But Inventory Levels Increase
- Negative Sentiment: Shares pulled back despite the beat: after the report some trading showed profit-taking and the stock slipped in premarket/after-hours — a sign investor expectations were very high going into the print. ON Semiconductor Beats Estimates but Shares Slip in Premarket Trading
- Negative Sentiment: Valuation and skepticism: some analysts retain caution (noting technology gaps and execution risk) and the stock’s rich multiples increase sensitivity to any execution miss. Expect volatility until results consistently prove the recovery. ON Semiconductor: Neutral Stance Maintained as Technology Gaps Temper Recovery Despite Higher $100 Price Target
About onsemi
onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.
Further Reading
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