onsemi (NASDAQ:ON) Price Target Cut to $98.00 by Analysts at Citigroup

onsemi (NASDAQ:ON) had its price target decreased by analysts at Citigroup from $120.00 to $98.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the semiconductor company’s stock. Citigroup’s target price indicates a potential upside of 26.01% from the company’s current price.

Other analysts also recently issued reports about the company. TD Cowen lowered their price objective on onsemi from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Rosenblatt Securities reiterated a “neutral” rating and set a $85.00 price target on shares of onsemi in a report on Tuesday. Wall Street Zen upgraded onsemi from a “hold” rating to a “buy” rating in a report on Monday, April 13th. Roth Capital reissued a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. raised their price objective on onsemi from $70.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, May 5th. Fourteen analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $100.62.

onsemi Stock Down 3.7%

Shares of NASDAQ ON traded down $3.01 during mid-day trading on Wednesday, reaching $77.77. 9,312,740 shares of the company’s stock traded hands, compared to its average volume of 10,731,745. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 3.14. The business has a 50-day simple moving average of $103.36 and a 200 day simple moving average of $85.21. The stock has a market cap of $30.48 billion, a P/E ratio of 55.11, a PEG ratio of 0.89 and a beta of 2.03. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92.

onsemi (NASDAQ:ON) last announced its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. onsemi had a net margin of 10.17% and a return on equity of 13.87%. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, analysts expect that onsemi will post 3.09 EPS for the current fiscal year.

Institutional Trading of onsemi

A number of hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC grew 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 valued at $27,000 after buying an additional 149 shares during the period. DV Equities LLC bought a new stake in onsemi in the fourth quarter worth about $30,000. SHP Wealth Management purchased a new position in onsemi in the fourth quarter valued at about $32,000. Summit Securities Group LLC boosted its stake in onsemi by 346.3% in the fourth quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 464 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of onsemi during the 2nd quarter valued at approximately $32,000. 97.70% of the stock is currently owned by institutional investors.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Quarterly beat and stronger outlook: onsemi reported second-quarter revenue of approximately $1.60 billion, up 9% year over year, while adjusted EPS of $0.74 exceeded consensus estimates. Third-quarter guidance calls for revenue of roughly $1.65 billion to $1.75 billion and adjusted EPS of $0.81 to $0.93, broadly ahead of expectations. onsemi Reports Second Quarter 2026 Results
• Positive Sentiment: AI momentum is accelerating: Management expects data-center revenue tied to AI to more than double in 2026. Demand for high-voltage power solutions and greater factory utilization are supporting revenue and margin expansion, while the company highlighted its NVIDIA MGX ecosystem role and planned Synaptics acquisition. ON Q2 Earnings Call Signals AI-Led Demand and Margin Lift
• Positive Sentiment: Cash generation and capital returns improved: Operating cash flow increased sharply, free cash flow reached approximately $425 million, and onsemi repurchased about $332 million of stock during the quarter. The company also completed a broader $678 million repurchase program. How ON’s Strong Q2 Results, AI Momentum and Buybacks Will Impact Investors
• Neutral Sentiment: Analyst sentiment remains mixed: Zacks upgraded onsemi (ON) to a Buy-equivalent Rank #2 on improving earnings prospects. However, Goldman Sachs maintained Hold, while several firms lowered price targets—including Mizuho to $110, Needham to $116 and Wells Fargo to $110—although most retained positive or neutral ratings. ON Semiconductor Moves to Buy
• Negative Sentiment: Near-term risks are tempering enthusiasm: onsemi said it prioritized AI data-center shipments over some automotive demand, while supply constraints could limit near-term upside. Investors may also be taking profits after the earnings-driven rally, particularly with the stock trading at a relatively elevated earnings multiple and some analysts viewing risk-reward as balanced. ON Semiconductor Rises After Solid Q2

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.