Cantor Fitzgerald Cuts onsemi (NASDAQ:ON) Price Target to $90.00

onsemi (NASDAQ:ON) had its price objective trimmed by Cantor Fitzgerald from $110.00 to $90.00 in a research note issued to investors on Thursday morning, MarketBeat.com reports. The brokerage currently has a neutral rating on the semiconductor company’s stock.

ON has been the subject of a number of other research reports. Rosenblatt Securities reissued a “neutral” rating and set a $85.00 target price on shares of onsemi in a research note on Tuesday, August 4th. Stifel Nicolaus lifted their price objective on onsemi from $90.00 to $107.00 and gave the stock a “hold” rating in a report on Wednesday, June 24th. Evercore reiterated an “outperform” rating and set a $137.00 price objective on shares of onsemi in a research note on Friday, June 26th. TD Cowen reduced their target price on onsemi from $110.00 to $95.00 and set a “buy” rating for the company in a report on Monday, July 13th. Finally, Needham & Company LLC decreased their target price on onsemi from $130.00 to $116.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.76.

onsemi Trading Up 2.5%

Shares of NASDAQ:ON opened at $69.98 on Thursday. The business’s 50 day moving average price is $79.12 and its 200-day moving average price is $87.30. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The firm has a market capitalization of $27.24 billion, a price-to-earnings ratio of 44.86, a price-to-earnings-growth ratio of 0.57 and a beta of 2.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 2.49.

onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, equities research analysts forecast that onsemi will post 3.23 earnings per share for the current fiscal year.

Institutional Trading of onsemi

Several hedge funds have recently made changes to their positions in ON. Kestra Private Wealth Services LLC raised its position in shares of onsemi by 2.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 4,554 shares of the semiconductor company’s stock valued at $282,000 after buying an additional 125 shares during the period. Apollon Wealth Management LLC grew its position in onsemi by 1.8% in the first quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 127 shares during the period. Evexia Wealth LLC increased its stake in onsemi by 1.1% during the first quarter. Evexia Wealth LLC now owns 13,328 shares of the semiconductor company’s stock worth $825,000 after acquiring an additional 142 shares during the last quarter. Root Financial Partners LLC increased its stake in onsemi by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 149 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in onsemi by 2.7% in the first quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 157 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi said its AI data-center business is expected to more than double in 2026 and outlined a path toward approximately $11 billion in revenue by 2030. Management identified power density as a major bottleneck for AI infrastructure, potentially creating demand for onsemi’s power-management products. ON Semiconductor Says AI Data Center Business Will More Than Double in 2026
• Positive Sentiment: The company launched its Embedded Power Platform, which integrates silicon, silicon carbide and gallium nitride technologies and is designed to deliver three to five times greater power density for AI data centers and electric vehicles. Subaru is evaluating the platform and has received early engineering access, providing a potential path to future automotive design wins. Subaru Partners With onsemi To Advance Power Architecture Integration
• Positive Sentiment: Several analysts remain constructive on the long-term opportunity. Needham reiterated a Buy rating with a $116 target, while Wells Fargo maintained Overweight with an $85 target. onsemi Buy Rating Reaffirmed

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.