onsemi (NASDAQ:ON – Free Report) had its target price lowered by Wells Fargo & Company from $95.00 to $85.00 in a report issued on Thursday,Benzinga reports. The firm currently has an overweight rating on the semiconductor company’s stock.
ON has been the topic of several other reports. Rosenblatt Securities reiterated a “neutral” rating and issued a $85.00 target price on shares of onsemi in a research note on Tuesday, August 4th. Stifel Nicolaus upped their price target on onsemi from $90.00 to $107.00 and gave the stock a “hold” rating in a research note on Wednesday, June 24th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $62.00 price target on shares of onsemi in a report on Wednesday, August 12th. Robert W. Baird lifted their price objective on shares of onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a research report on Tuesday, August 4th. Finally, Weiss Ratings raised shares of onsemi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.76.
Check Out Our Latest Report on onsemi
onsemi Price Performance
onsemi (NASDAQ:ON – Get Free Report) last released its quarterly 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 firm had revenue of $1.60 billion for 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%.The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company posted $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, analysts predict that onsemi will post 3.23 EPS for the current year.
Institutional Trading of onsemi
A number of institutional investors have recently modified their holdings of ON. Twin Capital Management Inc. acquired a new stake in onsemi in the fourth quarter valued at $585,000. North Dakota State Investment Board purchased a new stake in shares of onsemi during the 4th quarter worth $784,000. Allstate Corp grew its stake in shares of onsemi by 89.0% during the 4th quarter. Allstate Corp now owns 28,136 shares of the semiconductor company’s stock worth $1,524,000 after purchasing an additional 13,250 shares during the period. Kornitzer Capital Management Inc. KS grew its stake in shares of onsemi by 103.0% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 89,080 shares of the semiconductor company’s stock worth $5,516,000 after purchasing an additional 45,200 shares during the period. Finally, SBI Okasan Asset Management Co.Ltd. purchased a new position in shares of onsemi in the 4th quarter valued at about $2,777,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about onsemi
Here are the key news stories impacting onsemi this week:
- Positive Sentiment: onsemi said its AI data-center business is expected to more than double in 2026 and outlined a path toward approximately $11 billion in revenue by 2030. Management identified power density as a major bottleneck for AI infrastructure, potentially creating demand for onsemi’s power-management products. ON Semiconductor Says AI Data Center Business Will More Than Double in 2026
- Positive Sentiment: The company launched its Embedded Power Platform, which integrates silicon, silicon carbide and gallium nitride technologies and is designed to deliver three to five times greater power density for AI data centers and electric vehicles. Subaru is evaluating the platform and has received early engineering access, providing a potential path to future automotive design wins. Subaru Partners With onsemi To Advance Power Architecture Integration
- Positive Sentiment: Several analysts remain constructive on the long-term opportunity. Needham reiterated a Buy rating with a $116 target, while Wells Fargo maintained Overweight with an $85 target. onsemi Buy Rating Reaffirmed
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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