Shares of onsemi (NASDAQ:ON – Get Free Report) have received an average rating of “Moderate Buy” from the thirty ratings firms that are covering the stock, MarketBeat.com reports. Fifteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $96.44.
A number of research firms recently weighed in on ON. TD Cowen dropped their price objective on shares of onsemi from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Robert W. Baird upped their target price on shares of onsemi from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Zacks Research lowered shares of onsemi from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Mizuho cut their price target on onsemi from $125.00 to $110.00 and set an “outperform” rating on the stock in a report on Tuesday, August 4th. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and set a $85.00 price target on shares of onsemi in a report on Tuesday, August 4th.
Check Out Our Latest Report on onsemi
onsemi Trading Down 1.1%
onsemi (NASDAQ:ON – Get Free Report) last issued its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Equities research analysts predict that onsemi will post 3.23 EPS for the current year.
Hedge Funds Weigh In On onsemi
Large investors have recently bought and sold shares of the stock. Twin Capital Management Inc. acquired a new stake in shares of onsemi during the fourth quarter valued at approximately $585,000. North Dakota State Investment Board acquired a new position in onsemi in the 4th quarter worth approximately $784,000. Maxi Investments CY Ltd boosted its stake in onsemi by 166.7% in the 4th quarter. Maxi Investments CY Ltd now owns 47,200 shares of the semiconductor company’s stock worth $2,556,000 after purchasing an additional 29,500 shares during the period. Allstate Corp grew its position in 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 in the last quarter. Finally, Kornitzer Capital Management Inc. KS grew its position in 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 in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.
onsemi News Roundup
Here are the key news stories impacting onsemi this week:
- Positive Sentiment: A bullish analysis characterizes onsemi as a potential artificial-intelligence power play, highlighting approximately 9% revenue growth and possible exposure to expanding demand for power-management and automotive semiconductor products. ON Semiconductor: The Hidden AI Power Play Hiding Behind 9% Growth
- Neutral Sentiment: A report showing zero short interest appears unreliable because it also reports an undefined percentage increase and zero days to cover. As a result, it provides no meaningful evidence of short-covering or rising bearish positioning.
- Negative Sentiment: A Wells Fargo price-target cut contributed to recent selling pressure, reinforcing concerns about valuation, semiconductor-sector conditions and the company’s near-term outlook. The stock subsequently showed signs of stabilizing after the earlier decline. ON Semiconductor stock stabilizes after 4.44 percent drop on Wells Fargo target cut
- Negative Sentiment: A broader technology pullback is weighing on onsemi in premarket trading, with investors watching technical support levels and the stock’s exposure through exchange-traded funds. What’s Going On With ON Semiconductor Stock Thursday?
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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