onsemi (NASDAQ:ON) Price Target Cut to $75.00 by Analysts at TD Cowen

Posted by Brenda Bartman on Oct 20th, 2026

onsemi (NASDAQ:ON – Free Report) had its price objective reduced by TD Cowen from $95.00 to $75.00 in a research report report published on Monday morning,Benzinga reports. TD Cowen currently has a hold rating on the semiconductor company’s stock.

Other equities analysts also recently issued reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $116.00 target price on shares of onsemi in a research report on Friday, October 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $62.00 price target on shares of onsemi in a research note on Wednesday, August 12th. Weiss Ratings upgraded onsemi from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 7th. Citigroup dropped their price objective on onsemi from $120.00 to $98.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Finally, Stonex Financia upgraded onsemi to a “strong-buy” rating in a report on Wednesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.76.

Get Our Latest Research Report on onsemi

onsemi Trading Up 1.5%

NASDAQ ON opened at $73.12 on Monday. The company’s 50-day moving average price is $75.63 and its 200-day moving average price is $89.98. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51. The stock has a market cap of $28.47 billion, a PE ratio of 46.87, a PEG ratio of 0.59 and a beta of 2.05. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92.

onsemi (NASDAQ:ON – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter last year, the firm posted $0.53 EPS. The firm’s 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. Equities research analysts forecast that onsemi will post 3.21 earnings per share for the current year.

Insider Activity at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the business’s stock in a transaction dated Thursday, October 1st. The shares were 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 owned 158,177 shares in the company, valued at approximately $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 can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On onsemi

Institutional investors have recently bought and sold shares of the business. SteelPeak Wealth LLC raised its stake in shares of onsemi by 19.1% during the 3rd quarter. SteelPeak Wealth LLC now owns 9,526 shares of the semiconductor company’s stock worth $732,000 after acquiring an additional 1,528 shares in the last quarter. IFP Advisors Inc boosted its stake in onsemi by 207.5% in the third quarter. IFP Advisors Inc now owns 4,081 shares of the semiconductor company’s stock valued at $314,000 after acquiring an additional 2,754 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new stake in onsemi in the third quarter valued at approximately $10,637,000. TD Waterhouse Canada Inc. boosted its stake in onsemi by 3,650.4% in the third quarter. TD Waterhouse Canada Inc. now owns 26,740 shares of the semiconductor company’s stock valued at $2,140,000 after acquiring an additional 26,027 shares in the last quarter. Finally, Michael J. Porro & Co. Financial Advisors Inc. purchased a new position in onsemi in the third quarter worth $321,000. 97.70% of the stock is owned by hedge funds and other institutional investors.

Key onsemi News

Here are the key news stories impacting onsemi this week:

Positive Sentiment: New buy rating: StoneX initiated coverage of onsemi with a “Buy” rating, providing fresh analyst support for the semiconductor maker. StoneX initiates coverage of ON Semiconductor with buy rating
Positive Sentiment: Sensor validation supports product demand: Vadzo Imaging validated a 5-megapixel camera using onsemi’s HyperLux LP AR0544 color image sensor with Rockchip’s RV1126 platform for embedded-vision applications. The design win highlights onsemi’s positioning in industrial, automotive and edge-AI imaging markets. Vadzo Imaging Validates Bolt-544CRS 5MP Onsemi HyperLux LP AR0544 Color MIPI CSI-2 Camera
Positive Sentiment: Long-term industry tailwind: A market report projects the global power-transistor market will grow from $15.6 billion in 2025 to $21.4 billion by 2032, driven by electric vehicles, renewable energy, smart grids and energy-efficient systems—markets relevant to onsemi’s silicon-carbide, gallium-nitride and power-management businesses. Power Transistors Global Strategic Business Report
Neutral Sentiment: Investor attention remains elevated: Recent coverage notes that onsemi was among the heavily searched semiconductor stocks, which may increase trading interest but does not by itself change the company’s earnings outlook. Investors Heavily Search ON Semiconductor Corporation
Negative Sentiment: Price-target cut signals caution: TD Cowen reduced its target for onsemi from $95 to $75, suggesting concerns about near-term demand, margins or the pace of semiconductor recovery. The new target is only modestly above the recent $73.12 close. TD Cowen Adjusts Price Target on ON Semiconductor to $75 From $95

onsemi Company Profile

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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.