onsemi (NASDAQ:ON – Get Free Report) had its target price reduced by analysts at B. Riley Financial from $135.00 to $127.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. B. Riley Financial’s price objective would suggest a potential upside of 58.08% from the company’s current price.
Several other brokerages have also recently commented on ON. Truist Financial reaffirmed a “hold” rating and set a $101.00 price objective (up from $66.00) on shares of onsemi in a research note on Tuesday, May 5th. Evercore restated an “outperform” rating and set a $137.00 price target on shares of onsemi in a research report on Friday, June 26th. Citigroup increased their price objective on onsemi from $100.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, June 15th. UBS Group restated a “neutral” rating and set a $95.00 target price on shares of onsemi in a research report on Monday, June 29th. Finally, Susquehanna upped their target price on onsemi from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Thursday, July 9th. Fourteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $100.88.
View Our Latest Analysis on onsemi
onsemi Stock Performance
onsemi (NASDAQ:ON – Get Free Report) 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 return on equity of 12.79% and a net margin of 9.46%.The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the business earned $0.53 earnings per share. 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 analysts anticipate that onsemi will post 3.09 EPS for the current year.
Hedge Funds Weigh In On onsemi
Large investors have recently modified their holdings of the company. Janus Henderson Group PLC lifted its position in onsemi by 10.9% in the 1st quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock worth $848,392,000 after buying an additional 1,345,894 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of onsemi by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock worth $639,716,000 after acquiring an additional 877,533 shares in the last quarter. Norges Bank purchased a new position in shares of onsemi during the fourth quarter worth approximately $330,885,000. Rafferty Asset Management LLC lifted its holdings in shares of onsemi by 55.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after acquiring an additional 2,072,125 shares during the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in shares of 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 valued at $284,495,000 after purchasing an additional 615,905 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.
More onsemi News
Here are the key news stories impacting onsemi this week:
- Positive Sentiment: AI demand is the main catalyst. Management said revenue from AI data-center applications is expected to more than double in 2026, prompting the company to prioritize data-center customers and shift some capacity away from automotive clients. ON Semiconductor shifts capacity to AI data centers
- Positive Sentiment: Q2 results exceeded expectations. Adjusted EPS was $0.74 versus the $0.72 consensus, while revenue rose 9.2% year over year to $1.60 billion, slightly above estimates. GAAP net income increased to $226.8 million from $170.3 million a year earlier. onsemi Reports Second Quarter 2026 Results
- Positive Sentiment: Cash generation and shareholder returns improved. Free cash flow reached $425.4 million, roughly quadrupling year over year, while onsemi repurchased $332 million of stock during the quarter.
- Positive Sentiment: Third-quarter guidance was broadly constructive. The company forecast adjusted EPS of $0.81-$0.93 and revenue of approximately $1.65-$1.75 billion, with the revenue midpoint slightly above consensus. New product and strategic developments include the GaNEXUS gallium-nitride power portfolio, expanded participation in NVIDIA’s MGX ecosystem and a planned Synaptics acquisition.
- Neutral Sentiment: Analyst views remain mixed. Baird raised its price target to $108 but retained a Neutral rating; Needham lowered its target to $116 while keeping a Buy rating; and Rosenblatt reaffirmed Neutral with an $85 target. The differing views reflect optimism about AI-related growth but concern over competition and the pace of the broader semiconductor recovery. ON Semi analyst price target changes
- Negative Sentiment: Insider selling may temper sentiment. Company insiders have reported only open-market sales over the past six months, including transactions by the CFO, CEO and other senior executives.
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.
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