onsemi (NASDAQ:ON) Stock Gets Price Target Reduction from B. Riley Financial

onsemi (NASDAQ:ON) had its price target cut by B. Riley Financial from $127.00 to $105.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

ON has been the subject of a number of other reports. Wells Fargo & Company upped their price objective on shares of onsemi from $85.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday, October 2nd. Rosenblatt Securities restated a “neutral” rating and issued a $85.00 target price on shares of onsemi in a research report on Thursday, September 17th. Truist Financial decreased their target price on shares of onsemi from $91.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, September 18th. TD Cowen lowered their price target on shares of onsemi from $95.00 to $75.00 and set a “hold” rating for the company in a report on Monday, October 19th. Finally, Zacks Research downgraded shares of onsemi from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and sixteen have given a Hold rating to the company. According to data from MarketBeat, onsemi presently has a consensus rating of “Moderate Buy” and a consensus target price of $92.68.

onsemi Stock Performance

NASDAQ:ON opened at $72.25 on Thursday. The stock has a fifty day moving average price of $75.02 and a 200-day moving average price of $90.13. The company has a market cap of $28.13 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 0.60 and a beta of 2.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92.

onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, beating 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 business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the business earned $0.53 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, equities analysts anticipate that onsemi will post 3.21 EPS for the current fiscal year.

Insider Activity at onsemi

In other onsemi news, insider Sudhir Gopalswamy sold 15,578 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the sale, the insider owned 158,177 shares of the company’s stock, valued at approximately $12,654,160. This represents a 8.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 and hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP increased its position in shares of onsemi by 570.3% during the second quarter. Engineers Gate Manager LP now owns 304,377 shares of the semiconductor company’s stock worth $28,776,000 after acquiring an additional 258,968 shares in the last quarter. Baird Financial Group Inc. acquired a new stake in shares of onsemi in the 2nd quarter worth about $680,000. Kornitzer Capital Management Inc. KS lifted its position in onsemi by 103.0% in the 1st quarter. Kornitzer Capital Management Inc. KS now owns 89,080 shares of the semiconductor company’s stock valued at $5,516,000 after acquiring an additional 45,200 shares in the last quarter. Andra AP fonden bought a new position in onsemi in the 2nd quarter valued at about $2,704,000. Finally, Swiss National Bank boosted its stake in onsemi by 5.4% during the 1st quarter. Swiss National Bank now owns 1,180,800 shares of the semiconductor company’s stock valued at $73,115,000 after purchasing an additional 60,200 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi’s silicon-carbide technology was selected by Sungrow for its PowerTitan 3.0 utility-scale energy-storage platform, supporting power-conversion systems of up to 450 kW. The win strengthens onsemi’s position in the growing battery-storage and power-efficiency markets. Can Analyst Optimism Change The Bull Case For ON Semiconductor
• Positive Sentiment: B. Riley maintained a “Buy” rating while lowering its price target from $127 to $105. Although the reduction signals more conservative expectations, the revised target still implies substantial upside from the stock’s referenced price. B. Riley Stock Recommendations
• Neutral Sentiment: Recent product announcements featuring onsemi image sensors, including the AR0521 and AR0234, indicate ongoing use of the company’s components in surveillance and pedestrian-safety cameras, but the releases do not provide material details on revenue or order size. Vadzo Imaging Positions Falcon-521CRS
• Negative Sentiment: Analyst target reductions—including B. Riley’s cut and a separate TD Cowen reduction—are weighing on sentiment by implying that the recovery outlook and near-term semiconductor demand may be weaker than previously expected. onsemi Stock Gets Price Target Reduction from TD Cowen

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.