onsemi’s (ON) “Buy” Rating Reiterated at Needham & Company LLC

Posted by Stanley Muller on Oct 5th, 2026

Needham & Company LLC reissued their buy rating on shares of onsemi (NASDAQ:ON – Free Report) in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a $116.00 price target on the semiconductor company’s stock.

ON has been the topic of a number of other research reports. Evercore restated an “outperform” rating and issued a $137.00 price target on shares of onsemi in a research note on Friday, June 26th. Seaport Research Partners initiated coverage on shares of onsemi in a research report on Tuesday, September 22nd. They set a “buy” rating and a $100.00 price objective for the company. B. Riley Financial decreased their price objective on shares of onsemi from $135.00 to $127.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. Truist Financial dropped their price objective on shares of onsemi from $91.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, September 18th. Finally, Susquehanna raised their target price on shares of onsemi from $140.00 to $150.00 and gave the stock a “positive” rating in a research note on Thursday, July 9th. 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 company presently has an average rating of “Moderate Buy” and a consensus target price of $95.36.

Check Out Our Latest Analysis on ON

onsemi Stock Performance

onsemi stock opened at $84.89 on Friday. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. The stock has a market capitalization of $33.05 billion, a P/E ratio of 54.42, a PEG ratio of 0.70 and a beta of 2.05. The stock has a 50-day simple moving average of $76.40 and a 200 day simple moving average of $88.61.

onsemi (NASDAQ:ON – Get Free Report) last released its quarterly earnings data 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. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the company earned $0.53 earnings per share. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Analysts expect that onsemi will post 3.2 earnings per share for the current year.

Insider Transactions at onsemi

In related news, insider Sudhir Gopalswamy sold 15,578 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $80.00, for a total value of $1,246,240.00. Following the completion of the sale, the insider directly owned 158,177 shares in the company, valued at $12,654,160. The trade was a 8.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in shares of onsemi by 10.9% during the 1st quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock valued at $848,392,000 after acquiring an additional 1,345,894 shares during the period. Assenagon Asset Management S.A. increased its position in shares of onsemi by 74.8% in the second quarter. Assenagon Asset Management S.A. now owns 2,807,808 shares of the semiconductor company’s stock worth $265,450,000 after purchasing an additional 1,201,534 shares during the period. Boston Trust Walden Corp raised its stake in onsemi by 524.0% in the first quarter. Boston Trust Walden Corp now owns 1,038,146 shares of the semiconductor company’s stock valued at $64,282,000 after purchasing an additional 871,786 shares in the last quarter. Van ECK Associates Corp raised its stake in onsemi by 16.6% in the second quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock valued at $486,252,000 after purchasing an additional 731,540 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in onsemi by 15.5% during the first quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock worth $284,495,000 after purchasing an additional 615,905 shares during the period. Institutional investors own 97.70% of the company’s stock.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

Positive Sentiment: More favorable Synaptics deal terms: onsemi and Synaptics amended their merger agreement after Synaptics received an unsolicited competing proposal. The transaction is now an all-cash offer of $123 per Synaptics share, valuing the deal at approximately $5.7 billion versus roughly $7 billion under the previous all-stock structure. The lower purchase price removes expected share dilution and is projected to be immediately accretive to onsemi’s non-GAAP earnings per share. onsemi and Synaptics Announce Revised Merger Agreement
Positive Sentiment: Analysts raised valuation expectations: Bank of America said the revised transaction could produce a larger earnings benefit than initially expected, while UBS characterized the deal as immediately accretive. Wells Fargo raised its onsemi price target to $100 from $85 and assigned an Overweight rating; Needham reaffirmed a Buy rating with a $116 target. ON Semiconductor’s revised Synaptics deal improves earnings outlook, says BofA
Positive Sentiment: Positive trading signals: Call-option activity was unusually strong, with traders purchasing 28,912 calls—about 36% above average volume—suggesting increased bullish positioning. The stock also benefited from broad strength in technology shares.
Neutral Sentiment: Strategic upside remains dependent on execution: Management cited additional revenue opportunities, potential annual run-rate synergies and plans to bring some Synaptics production in-house. These benefits could improve the combined company’s growth profile, but they remain subject to deal completion and integration.
Negative Sentiment: Insider selling adds a modest cautionary signal: Director Sudhir Gopalswamy sold 15,578 shares for approximately $1.25 million, reducing his position by 8.97%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, which reduces its significance as a discretionary bearish signal.

onsemi Company Profile

(Get Free Report)

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.