onsemi (NASDAQ:ON) Price Target Raised to $108.00

onsemi (NASDAQ:ON) had its price target hoisted by Robert W. Baird from $100.00 to $108.00 in a report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other equities research analysts also recently commented on the stock. Mizuho lowered their price target on shares of onsemi from $150.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, July 1st. Susquehanna upped their price objective on shares of onsemi from $140.00 to $150.00 and gave the company a “positive” rating in a research note on Thursday, July 9th. TD Cowen reduced their price objective on shares of onsemi from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Needham & Company LLC raised their target price on shares of onsemi from $110.00 to $130.00 and gave the stock a “buy” rating in a research report on Friday, June 26th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $110.00 target price on shares of onsemi in a research note on Friday, July 31st. Fourteen equities research 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’s stock. Based on data from MarketBeat, onsemi has an average rating of “Hold” and an average price target of $100.62.

onsemi Stock Up 1.8%

ON opened at $78.33 on Tuesday. The company has a quick ratio of 3.14, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. The firm has a market cap of $30.49 billion, a P/E ratio of 50.21, a PEG ratio of 0.64 and a beta of 2.03. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. The business’s fifty day simple moving average is $101.49 and its 200 day simple moving average is $85.45.

onsemi (NASDAQ:ON) last posted its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter last year, the business posted $0.53 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, equities research analysts anticipate that onsemi will post 3.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC lifted 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 in the last quarter. DV Equities LLC acquired a new stake in shares of onsemi in the fourth quarter worth $30,000. Ascentis Independent Advisors acquired a new stake in shares of onsemi in the first quarter worth $36,000. SHP Wealth Management purchased a new position in shares of onsemi in the 4th quarter valued at $32,000. Finally, Summit Securities Group LLC raised its stake in shares of onsemi by 346.3% in the 4th 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 period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi reported second-quarter revenue of $1.60 billion and adjusted earnings of $0.74 per share, exceeding consensus estimates of $1.59 billion and $0.72, respectively. Revenue grew 9.2% year over year, and management guided for third-quarter EPS of $0.81 to $0.93, supporting expectations for continued earnings growth.
• Positive Sentiment: Management highlighted accelerating demand tied to AI infrastructure and data centers, including opportunities for power-management and intelligent-sensing products. Analysts also pointed to improving cyclical conditions and AI-related momentum as potential catalysts for the stock. ON Semiconductor rises after solid Q2
• Positive Sentiment: Zacks upgraded ON to a Rank #2, or “Buy,” citing improving earnings prospects. ON Semiconductor upgraded to Buy
• Neutral Sentiment: Analyst sentiment remains divided. Citigroup reduced its price target to $98 from $120 while maintaining a Neutral rating; TD Cowen kept a Hold rating with a $95 target, and Rosenblatt reaffirmed Neutral. These targets remain above the current trading level but signal limited conviction in a rapid recovery. onsemi receives new Citigroup price target
• Negative Sentiment: Analysts continue to flag weakness in onsemi’s automotive and industrial businesses, partially offsetting stronger data-center demand. Several firms, including Needham, Wells Fargo and B. Riley, issued cautious or pessimistic outlooks, reinforcing concerns about the pace and durability of the recovery.

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.