onsemi (NASDAQ:ON) Receives Consensus Rating of “Hold” from Brokerages

Shares of onsemi (NASDAQ:ON) have received an average recommendation of “Hold” from the thirty-one research firms that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $87.2692.

A number of brokerages have recently weighed in on ON. TD Cowen raised their target price on onsemi from $80.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday. Rosenblatt Securities raised their target price on onsemi from $60.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday. Piper Sandler raised their target price on onsemi from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Needham & Company LLC raised their target price on onsemi from $72.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Citigroup raised their target price on onsemi from $68.00 to $100.00 and gave the company a “neutral” rating in a research note on Wednesday.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Analysts turned more constructive, with upgrades and higher price targets reinforcing the bullish case for onsemi’s growth outlook. Can ON Sustain Its AI-Driven Revenue Rebound Through 2026?
• Positive Sentiment: Investors are responding to onsemi’s expanding partnership with Geely, which supports its EV chip opportunity and long-term revenue growth. ON Semi (ON) Expands Partnership With Geely, B. Riley Upgrades to Buy
• Neutral Sentiment: onsemi priced a $1.3 billion convertible notes deal, giving it more capital flexibility but also raising future dilution questions. ON Semiconductor Prices $1.3 Billion Convertible Notes Offering

onsemi Stock Performance

onsemi stock opened at $103.19 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.87 and a quick ratio of 2.98. The stock has a fifty day moving average price of $71.73 and a two-hundred day moving average price of $62.05. onsemi has a 52-week low of $40.32 and a 52-week high of $105.90. The firm has a market capitalization of $40.44 billion, a P/E ratio of 73.18, a P/E/G ratio of 0.75 and a beta of 1.94.

onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the company posted $0.55 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, analysts anticipate that onsemi will post 3.08 EPS for the current fiscal year.

Insider Activity

In other news, insider Sudhir Gopalswamy sold 6,114 shares of the firm’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $58.67, for a total value of $358,708.38. Following the completion of the sale, the insider directly owned 173,943 shares in the company, valued at approximately $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Trent Thad sold 30,000 shares of the firm’s stock in a transaction on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total value of $2,790,000.00. Following the completion of the sale, the chief financial officer owned 301,194 shares of the company’s stock, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 146,114 shares of company stock worth $11,282,308. 0.35% of the stock is owned by corporate insiders.

Institutional Trading of onsemi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in onsemi by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock worth $639,716,000 after purchasing an additional 877,533 shares during the period. Allspring Global Investments Holdings LLC increased its position in onsemi by 8.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock worth $360,828,000 after purchasing an additional 474,725 shares during the period. Norges Bank acquired a new stake in onsemi in the fourth quarter worth about $330,885,000. Rafferty Asset Management LLC increased its position in onsemi by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after purchasing an additional 2,072,125 shares during the period. Finally, Pictet Asset Management Holding SA increased its position in onsemi by 15.5% in the first quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock worth $284,495,000 after purchasing an additional 615,905 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

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.