onsemi (NASDAQ:ON) Price Target Raised to $138.00 at Bank of America

onsemi (NASDAQ:ON) had its price objective raised by Bank of America from $115.00 to $138.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Bank of America‘s price target would suggest a potential upside of 8.03% from the company’s current price.

A number of other research analysts also recently issued reports on the stock. Zacks Research upgraded shares of onsemi from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “sell (d+)” rating on shares of onsemi in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price target on shares of onsemi from $70.00 to $100.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Truist Financial reiterated a “hold” rating and issued a $101.00 price target (up from $66.00) on shares of onsemi in a research note on Tuesday, May 5th. Finally, UBS Group reiterated a “neutral” rating on shares of onsemi in a research note on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $91.23.

onsemi Trading Up 9.9%

onsemi stock traded up $11.54 during midday trading on Tuesday, hitting $127.74. 10,088,526 shares of the stock were exchanged, compared to its average volume of 9,841,774. onsemi has a fifty-two week low of $41.49 and a fifty-two week high of $129.13. The stock has a market capitalization of $50.06 billion, a price-to-earnings ratio of 90.60, a PEG ratio of 1.03 and a beta of 1.94. The stock’s 50-day simple moving average is $83.31 and its 200 day simple moving average is $67.05. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41.

onsemi (NASDAQ:ON) last issued 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. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.49 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The company’s revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, equities analysts anticipate that onsemi will post 3.09 EPS for the current year.

Insider Activity

In other onsemi news, insider Sudhir Gopalswamy sold 6,114 shares of the company’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 transaction, the insider directly owned 173,943 shares in the company, valued at approximately $10,205,235.81. This represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Trent Thad sold 30,000 shares of the company’s stock in a transaction dated Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the completion of the transaction, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. This trade 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 sold a total of 66,114 shares of company stock worth $5,548,708 over the last quarter. Insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its position in onsemi by 38.8% during the 4th quarter. Pictet Asset Management Holding SA now owns 3,981,981 shares of the semiconductor company’s stock worth $215,624,000 after purchasing an additional 1,112,774 shares in the last quarter. M&G PLC raised its stake in shares of onsemi by 7.6% during the third quarter. M&G PLC now owns 2,647,003 shares of the semiconductor company’s stock valued at $129,703,000 after purchasing an additional 187,899 shares during the period. Quantbot Technologies LP boosted its stake in shares of onsemi by 67.3% in the third quarter. Quantbot Technologies LP now owns 94,146 shares of the semiconductor company’s stock valued at $4,642,000 after purchasing an additional 37,881 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in shares of onsemi in the third quarter valued at $1,134,000. Finally, DNB Asset Management AS increased its stake in onsemi by 30.9% during the 3rd quarter. DNB Asset Management AS now owns 723,688 shares of the semiconductor company’s stock worth $35,685,000 after buying an additional 170,635 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi beat recent quarterly EPS and revenue estimates, reinforcing confidence in demand and execution. Does Record Cash Flow, $6 Billion Buyback and GaN Push Change The Bull Case For ON (ON)?
• Positive Sentiment: Investors are also reacting to onsemi’s positioning in EVs, silicon carbide, and higher-margin power solutions, which could support longer-term growth. onsemi Trading Up 9.3%
• Neutral Sentiment: New commentary comparing onsemi with NXP in the automotive chip market says NXPI has the edge in growth drivers, but ON still has meaningful EV and silicon carbide momentum. ON vs. NXPI: Which Automotive Chip Stock Is the Better Buy Now?
• Neutral Sentiment: Mizuho recently kept an Outperform rating and raised its price target, but the note mainly reiterated already positive sentiment rather than adding a new catalyst. Mizuho Maintains an “Outperform” Rating on ON Semiconductor Corporation (ON)

onsemi Company Profile

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.