Mizuho Has Lowered Expectations for onsemi (NASDAQ:ON) Stock Price

onsemi (NASDAQ:ON) had its target price reduced by equities researchers at Mizuho from $125.00 to $110.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s price target indicates a potential upside of 34.80% from the company’s current price.

Other analysts have also issued reports about the company. Morgan Stanley boosted their price objective on onsemi from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Stifel Nicolaus lifted their target price on onsemi from $90.00 to $107.00 and gave the stock a “hold” rating in a research report on Wednesday, June 24th. Robert W. Baird boosted their price target on onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday. Zacks Research lowered onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $100.28.

onsemi Stock Up 1.5%

NASDAQ ON traded up $1.20 during trading hours on Tuesday, reaching $81.60. 14,393,043 shares of the company traded hands, compared to its average volume of 10,669,448. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $31.98 billion, a PE ratio of 57.99, a PEG ratio of 0.90 and a beta of 2.03. The company has a 50 day moving average of $104.28 and a two-hundred day moving average of $85.07.

onsemi (NASDAQ:ON) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. onsemi had a net margin of 9.46% and a return on equity of 12.79%. The company’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, equities analysts expect that onsemi will post 3.09 earnings per share for the current year.

Institutional Investors Weigh In On onsemi

A number of hedge funds have recently added to or reduced their stakes in ON. Root Financial Partners LLC grew its position in shares of 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. DV Equities LLC bought a new stake in onsemi in the 4th quarter valued at about $30,000. Ascentis Independent Advisors acquired a new position in onsemi during the 1st quarter valued at about $36,000. SHP Wealth Management acquired a new position in onsemi during the 4th quarter valued at about $32,000. Finally, Summit Securities Group LLC grew its position in onsemi by 346.3% in the 4th quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 464 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi reported second-quarter revenue of $1.604 billion, up 9% year over year, while adjusted EPS of $0.74 exceeded the $0.72 consensus estimate. Gross margins also improved, and free cash flow surged to $425.4 million. onsemi Reports Second Quarter 2026 Results
• Positive Sentiment: Management said AI-related demand is accelerating, with 2026 data-center revenue expected to more than double from last year. The company is prioritizing AI data-center chip shipments, even when that means delaying some automotive deliveries, highlighting a favorable change in its product mix. onsemi Shifts Capacity to AI Data Centers
• Positive Sentiment: Third-quarter guidance was generally above expectations, calling for adjusted EPS of $0.81-$0.93 and revenue of approximately $1.65-$1.75 billion. onsemi also repurchased $332 million of stock during the quarter and highlighted its planned Synaptics acquisition and expanded role in NVIDIA’s MGX ecosystem as longer-term growth initiatives.
• Neutral Sentiment: Analysts remain constructive but cautious. Needham, Wells Fargo and B. Riley lowered their price targets while retaining Buy or Overweight ratings, whereas Goldman Sachs maintained a Hold rating and a $95 target. Baird raised its target to $108 but kept a Neutral rating, reflecting concerns about competitive pressure and the stock’s risk-reward profile. Analyst Reaction to onsemi Results
• Negative Sentiment: Insiders have reported 12 open-market sales and no purchases over the past six months, including sales by the CEO and CFO. Automotive and industrial markets also remain near-term headwinds as capacity is redirected toward faster-growing AI applications. onsemi Near-Term Headwinds, Long-Term Upside

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.