onsemi (NASDAQ:ON) Given New $75.00 Price Target at Truist Financial

onsemi (NASDAQ:ON) had its price target cut by analysts at Truist Financial from $91.00 to $75.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s target price suggests a potential upside of 8.38% from the stock’s previous close.

Several other brokerages have also issued reports on ON. Bank of America raised their target price on onsemi from $115.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Zacks Research downgraded shares of onsemi from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Needham & Company LLC restated a “buy” rating and set a $116.00 price target on shares of onsemi in a research report on Thursday. Robert W. Baird lifted their price objective on shares of onsemi from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Evercore reiterated an “outperform” rating and issued a $137.00 target price on shares of onsemi in a research note on Friday, June 26th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $94.76.

onsemi Stock Performance

Shares of onsemi stock traded up $0.90 during mid-day trading on Friday, hitting $69.20. 4,806,861 shares of the stock were exchanged, compared to its average volume of 10,410,768. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92. The company has a 50-day simple moving average of $79.64 and a 200 day simple moving average of $87.42. The company has a market capitalization of $26.94 billion, a P/E ratio of 44.38, a P/E/G ratio of 0.55 and a beta of 2.00. 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 released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%.onsemi’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Sell-side analysts anticipate that onsemi will post 3.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On onsemi

Several large investors have recently added to or reduced their stakes in ON. Root Financial Partners LLC lifted its holdings 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 purchasing an additional 149 shares during the last quarter. SHP Wealth Management bought a new stake in shares of onsemi in the fourth quarter valued at approximately $32,000. Ascentis Independent Advisors purchased a new stake in shares of onsemi during the 1st quarter valued at approximately $36,000. Deseret Mutual Benefit Administrators lifted its stake in shares of onsemi by 28.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 728 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 160 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in onsemi by 180.4% in the 4th quarter. Clearstead Advisors LLC now owns 1,113 shares of the semiconductor company’s stock worth $60,000 after buying an additional 716 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi introduced its Embedded Power Platform (EPP), which integrates silicon, silicon carbide and gallium nitride devices in a wafer-level package. The company says the architecture could deliver up to three-to-five times higher power density, lower losses and faster development for AI infrastructure and electric vehicles. Sampling is expected to begin in 2026. onsemi Introduces the Embedded Power Platform
• Positive Sentiment: Subaru entered a strategic technology engagement to evaluate EPP for future electrified vehicles. Although this is an evaluation rather than a commercial contract, it provides early customer validation and could support future automotive design wins. Subaru to Evaluate onsemi’s Embedded Power Platform
• Positive Sentiment: Management outlined a potential $213 billion total addressable market by 2030 spanning automotive, industrial, AI data centers and physical AI. onsemi also said its AI data-center business is expected to more than double in 2026, strengthening the longer-term growth narrative. onsemi Charts Path to Power the Next Decade of Innovation
• Positive Sentiment: Needham reaffirmed a Buy rating with a $116 price target, while Wells Fargo maintained Overweight despite reducing its target to $85. These targets imply analysts see substantial recovery potential after the recent selloff. onsemi Buy Rating Reaffirmed
• Neutral Sentiment: Unusually high call-option activity suggests some traders are positioning for a rebound, but options flow is speculative and does not confirm improving fundamentals.
• Negative Sentiment: The prior Investor Day triggered a sharp selloff because investors viewed onsemi’s long-term outlook and growth targets as insufficient relative to expectations. Stifel, Cantor Fitzgerald and other firms lowered price targets, with some retaining Neutral or Hold ratings. onsemi’s 2030 Outlook Falls Short

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.