onsemi (NASDAQ:ON) Upgraded to “Strong-Buy” at Stonex Financia

Stonex Financia upgraded shares of onsemi (NASDAQ:ON) to a strong-buy rating in a report issued on Wednesday,Zacks reports.

Several other brokerages have also recently issued reports on ON. B. Riley Financial dropped their price target on onsemi from $135.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $85.00 price objective on shares of onsemi in a research note on Thursday, September 17th. Robert W. Baird increased their price objective on onsemi from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Cantor Fitzgerald decreased their price objective on onsemi from $110.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, September 17th. Finally, Zacks Research downgraded onsemi from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and fifteen have assigned 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 an average target price of $95.56.

onsemi Trading Up 0.5%

Shares of onsemi stock opened at $73.70 on Wednesday. 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 company has a market capitalization of $28.69 billion, a P/E ratio of 47.24, a PEG ratio of 0.61 and a beta of 2.05. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The company’s fifty day moving average is $75.94 and its two-hundred day moving average is $89.79.

onsemi (NASDAQ:ON) last announced its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.59 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The business’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. Analysts forecast that onsemi will post 3.20 earnings per share for the current year.

Insider Activity at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the firm’s stock in a transaction on 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. This trade represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

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

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Energy-storage design win: Sungrow is integrating onsemi’s EliteSiC silicon-carbide hybrid power modules into its PowerTitan 3.0 utility-scale battery-storage platform. The technology is expected to improve inverter efficiency by 0.4%, exceed 99.3% peak efficiency and save more than 475 MWh annually in a 100 MW installation. Sungrow expects to deliver 10 GWh of PowerTitan 3.0 systems in Europe during 2026, supporting the growth outlook for onsemi’s power products. onsemi and Sungrow Advance Utility-Scale Energy Storage Performance
• Positive Sentiment: Bullish analyst view: StoneX reportedly initiated coverage with a Buy rating and sees approximately 54% upside, citing chip-growth potential. Separately, Susquehanna analyst Christopher Rolland has highlighted tightening supply, firmer pricing and improving automotive and industrial demand. Onsemi started at buy at StoneX
• Neutral Sentiment: Earnings catalyst approaching: onsemi will release third-quarter results after the market closes on November 2, 2026, followed by a conference call. Investors will focus on automotive and industrial demand, margins, silicon-carbide adoption and forward guidance. The company’s prior quarter delivered $0.74 in EPS on $1.60 billion of revenue, while current-year analyst consensus is $3.20 EPS. onsemi to Announce Third Quarter Financial Results
• Negative Sentiment: Insider-selling overhang: Quiver data shows onsemi insiders have reported four open-market transactions in the past six months, all sales, including approximately 90,000 shares sold by CFO Trent Thad. This is not necessarily fundamental evidence of weakness, but it may temper sentiment.

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.