The Goldman Sachs Group Has Lowered Expectations for onsemi (NASDAQ:ON) Stock Price

onsemi (NASDAQ:ON) had its price objective decreased by analysts at The Goldman Sachs Group from $95.00 to $85.00 in a report released on Tuesday. The Goldman Sachs Group‘s price target would suggest a potential upside of 17.08% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Mizuho decreased their price objective on shares of onsemi from $110.00 to $95.00 and set an “outperform” rating on the stock in a research report on Thursday, September 17th. Susquehanna dropped their target price on shares of onsemi from $150.00 to $120.00 and set a “positive” rating for the company in a research report on Wednesday, October 21st. Wells Fargo & Company cut their price target on shares of onsemi from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday. Weiss Ratings raised shares of onsemi from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 7th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $90.00 price target on shares of onsemi in a report on Tuesday. One 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.00.

onsemi Price Performance

NASDAQ ON traded up $2.49 during trading on Tuesday, reaching $72.60. The company’s stock had a trading volume of 15,526,353 shares, compared to its average volume of 10,547,412. The stock has a market capitalization of $28.26 billion, a PE ratio of 46.54, a P/E/G ratio of 0.62 and a beta of 2.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 2.49. The firm has a fifty day moving average of $74.67 and a 200 day moving average of $82.02. onsemi has a one year low of $44.56 and a one year high of $134.92.

onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%. The company’s revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.63 EPS. Analysts expect that onsemi will post 3.21 EPS for the current fiscal year.

Insider Activity at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the transaction, the insider directly owned 158,177 shares in the company, valued at approximately $12,654,160. This represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

Institutional Trading of onsemi

Hedge funds and other institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of onsemi by 10.9% during the first quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock worth $848,392,000 after acquiring an additional 1,345,894 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of onsemi by 16.6% in the 2nd quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock worth $486,252,000 after acquiring an additional 731,540 shares during the last quarter. Pictet Asset Management Holding SA lifted its holdings in shares of onsemi by 7.4% in the 3rd quarter. Pictet Asset Management Holding SA now owns 4,550,913 shares of the semiconductor company’s stock worth $349,788,000 after acquiring an additional 314,203 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of onsemi by 6.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,442,177 shares of the semiconductor company’s stock valued at $212,997,000 after purchasing an additional 207,587 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of onsemi by 7.8% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,026,628 shares of the semiconductor company’s stock valued at $232,657,000 after purchasing an additional 218,820 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Q3 beat estimates: onsemi reported adjusted EPS of $0.90 versus $0.88 expected and revenue of about $1.72 billion versus roughly $1.71 billion expected. Revenue rose 11% year over year, while free cash flow increased 31% to $489 million. Zacks Q3 results article
• Positive Sentiment: AI demand and Ferric acquisition: AI data-center revenue surged 175% year over year. The planned $600 million cash acquisition of Ferric, with up to $175 million in contingent payments, adds integrated voltage-regulator technology for next-generation AI processors. onsemi raised its 2030 AI data-center revenue target by $500 million to more than $3 billion. Ferric acquisition announcement
• Positive Sentiment: Q4 outlook modestly topped expectations: the company forecast EPS of $0.95–$1.07 and revenue of $1.7–$1.8 billion, with the revenue midpoint above consensus. Management also cited stronger industrial demand and manufacturing efficiencies supporting margins. Zacks earnings call highlights
• Neutral Sentiment: Analyst views remain mixed: Craig Hallum upgraded ON to Buy with an $85 target, while several firms maintained Hold or Neutral ratings. Truist raised its target slightly to $76, while B. Riley cut its target to $97 but kept a Buy rating. This reflects optimism about growth potential alongside caution about near-term execution and industry risks. Goldman Sachs rating report
• Negative Sentiment: Expectations and deal spending could limit upside: ON initially faced selling after its results despite the beats, suggesting investors may have wanted a stronger near-term outlook. The Ferric purchase also requires a substantial cash outlay, while automotive-market risks remain a concern for analysts.

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.