onsemi (NASDAQ:ON) Shares Gap Up After Analyst Upgrade

Shares of onsemi (NASDAQ:ON) gapped up before the market opened on Friday after Wells Fargo & Company raised their price target on the stock from $85.00 to $100.00. The stock had previously closed at $80.08, but opened at $84.75. Wells Fargo & Company currently has an overweight rating on the stock. onsemi shares last traded at $84.1730, with a volume of 4,670,871 shares changing hands.

ON has been the topic of a number of other research reports. Mizuho cut their price target on shares of onsemi from $110.00 to $95.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. Cantor Fitzgerald decreased their price objective on shares of onsemi from $110.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, September 17th. Susquehanna lifted their price objective on shares of onsemi from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Thursday, July 9th. Needham & Company LLC reissued a “buy” rating and set a $116.00 target price on shares of onsemi in a research note on Friday. Finally, Citigroup reduced their target price on onsemi from $120.00 to $98.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.36.

Trending Headlines about onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Revised Synaptics deal is viewed as more shareholder-friendly. onsemi will acquire Synaptics for $123 per share in cash, valuing the transaction at approximately $5.7 billion. The revised structure replaces the previous all-stock agreement, reduces dilution risk and is expected to provide immediate EPS accretion for onsemi shareholders. The amendment followed an unsolicited competing proposal for Synaptics. onsemi and Synaptics revised merger agreement
• Positive Sentiment: Analysts raised their valuation expectations. Wells Fargo lifted its onsemi price target from $85 to $100 and assigned an “overweight” rating. Needham also reaffirmed a “buy” rating with a $116 target. The upgrades indicate that analysts believe the revised transaction could improve onsemi’s earnings profile and strategic position. Analyst ratings and price targets
• Positive Sentiment: Broader market conditions provided additional support. U.S. stocks and technology shares were broadly higher, helping semiconductor names attract buying interest. The positive sector backdrop likely amplified the favorable reaction to onsemi’s deal announcement. Technology stocks moving higher
• Neutral Sentiment: Investors will still monitor execution risk. Although the all-cash structure removes stock dilution, the acquisition will require substantial cash funding and remains subject to customary closing conditions and regulatory approval. The transaction’s longer-term benefit depends on successful integration and realization of expected synergies.

Institutional Trading of onsemi

Several hedge funds and other institutional investors have recently modified their holdings of ON. Janus Henderson Group PLC boosted its position in onsemi by 10.9% during the first quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock valued at $848,392,000 after purchasing an additional 1,345,894 shares during the last quarter. Van ECK Associates Corp increased its position in onsemi by 16.6% in the 2nd quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock worth $486,252,000 after purchasing an additional 731,540 shares during the last quarter. Pictet Asset Management Holding SA increased its position in onsemi by 15.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock worth $284,495,000 after purchasing an additional 615,905 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of onsemi by 74.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 2,807,808 shares of the semiconductor company’s stock valued at $265,450,000 after buying an additional 1,201,534 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of onsemi by 6.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,442,177 shares of the semiconductor company’s stock valued at $212,997,000 after buying an additional 207,587 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

onsemi Trading Up 4.9%

The firm has a market cap of $32.72 billion, a P/E ratio of 53.82, a PEG ratio of 0.64 and a beta of 2.05. The company has a 50 day moving average of $76.44 and a 200 day moving average of $88.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46.

onsemi (NASDAQ:ON) last issued its quarterly earnings data 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. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Analysts predict that onsemi will post 3.2 EPS for the current fiscal year.

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.