onsemi (NASDAQ:ON) Stock Gets Price Target Cut from Evercore

onsemi (NASDAQ:ON) had its target price reduced by Evercore from $137.00 to $90.00 in a report issued on Monday. Evercore‘s price target would suggest a potential upside of 23.97% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Wells Fargo & Company dropped their target price on shares of onsemi from $100.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday. DA Davidson set a $110.00 price target on shares of onsemi in a report on Tuesday. Rosenblatt Securities lowered their price target on shares of onsemi from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Tuesday. Cantor Fitzgerald reissued a “neutral” rating and set a $90.00 price objective on shares of onsemi in a research note on Tuesday. Finally, Citigroup dropped their price objective on shares of onsemi from $120.00 to $98.00 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

onsemi Price Performance

Shares of ON stock traded up $2.49 during mid-day trading on Monday, reaching $72.60. The stock had a trading volume of 15,526,353 shares, compared to its average volume of 10,547,412. onsemi has a 12-month low of $44.56 and a 12-month high of $134.92. The company has a market cap of $28.26 billion, a P/E ratio of 46.54, a price-to-earnings-growth ratio of 0.62 and a beta of 2.05. The business has a 50-day simple moving average of $74.67 and a 200 day simple moving average of $82.02. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51.

onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.02. onsemi had a return on equity of 14.06% and a net margin of 10.17%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same quarter in the previous year, the company posted $0.63 EPS. The business’s revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts anticipate that onsemi will post 3.21 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Sudhir Gopalswamy sold 15,578 shares of onsemi stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the sale, the insider owned 158,177 shares in the company, valued at approximately $12,654,160. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate 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. Provenance Wealth Advisors LLC grew its holdings in shares of onsemi by 3,318.2% during the third quarter. Provenance Wealth Advisors LLC now owns 376 shares of the semiconductor company’s stock worth $29,000 after buying an additional 365 shares in the last quarter. Ninety One UK Ltd acquired a new position in shares of onsemi in the third quarter valued at approximately $36,000. Ascentis Independent Advisors acquired a new position in shares of onsemi in the first quarter valued at approximately $36,000. Root Financial Partners LLC lifted its stake in shares of onsemi by 39.4% during the first quarter. Root Financial Partners LLC now owns 701 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 198 shares during the period. Finally, Compass Financial Management LLC purchased a new position in shares of onsemi during the second quarter valued at approximately $67,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Q3 beat estimates: onsemi reported adjusted EPS of $0.90 versus $0.88 expected and revenue of about $1.72 billion versus roughly $1.71 billion expected. Revenue rose 11% year over year, while free cash flow increased 31% to $489 million. Zacks Q3 results article
• Positive Sentiment: AI demand and Ferric acquisition: AI data-center revenue surged 175% year over year. The planned $600 million cash acquisition of Ferric, with up to $175 million in contingent payments, adds integrated voltage-regulator technology for next-generation AI processors. onsemi raised its 2030 AI data-center revenue target by $500 million to more than $3 billion. Ferric acquisition announcement
• Positive Sentiment: Q4 outlook modestly topped expectations: the company forecast EPS of $0.95–$1.07 and revenue of $1.7–$1.8 billion, with the revenue midpoint above consensus. Management also cited stronger industrial demand and manufacturing efficiencies supporting margins. Zacks earnings call highlights
• Neutral Sentiment: Analyst views remain mixed: Craig Hallum upgraded ON to Buy with an $85 target, while several firms maintained Hold or Neutral ratings. Truist raised its target slightly to $76, while B. Riley cut its target to $97 but kept a Buy rating. This reflects optimism about growth potential alongside caution about near-term execution and industry risks. Goldman Sachs rating report
• Negative Sentiment: Expectations and deal spending could limit upside: ON initially faced selling after its results despite the beats, suggesting investors may have wanted a stronger near-term outlook. The Ferric purchase also requires a substantial cash outlay, while automotive-market risks remain a concern for analysts.

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.