onsemi (NASDAQ:ON – Free Report) had its price target decreased by Mizuho from $125.00 to $110.00 in a report published on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the semiconductor company’s stock.
Other research analysts also recently issued research reports about the company. Jefferies Financial Group increased their price target on onsemi from $73.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Weiss Ratings restated a “sell (d+)” rating on shares of onsemi in a research note on Friday, July 24th. Morgan Stanley upped their price objective on shares of onsemi from $85.00 to $87.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Stifel Nicolaus increased their target price on shares of onsemi from $90.00 to $107.00 and gave the stock a “hold” rating in a research report on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of onsemi in a research note on Tuesday, May 5th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $100.62.
Check Out Our Latest Analysis on ON
onsemi Price Performance
onsemi (NASDAQ:ON – Get Free Report) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the business posted $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Sell-side analysts forecast that onsemi will post 3.2 EPS for the current year.
Institutional Trading of onsemi
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Contravisory Investment Management Inc. bought a new position in onsemi in the 2nd quarter worth about $1,553,000. Arista Wealth Management LLC purchased a new stake in shares of onsemi in the second quarter worth about $284,000. Everhart Financial Group Inc. boosted its position in shares of onsemi by 6.6% in the second quarter. Everhart Financial Group Inc. now owns 5,627 shares of the semiconductor company’s stock valued at $532,000 after acquiring an additional 348 shares during the period. Quantum Financial Advisors LLC purchased a new position in onsemi during the second quarter valued at approximately $242,000. Finally, Strategic Investment Solutions Inc. IL grew its stake in onsemi by 12.4% during the second quarter. Strategic Investment Solutions Inc. IL now owns 2,943 shares of the semiconductor company’s stock valued at $278,000 after acquiring an additional 325 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.
onsemi News Summary
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.
About onsemi
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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