onsemi (NASDAQ:ON) Earns “Buy” Rating from Needham & Company LLC

onsemi (NASDAQ:ON)‘s stock had its “buy” rating reissued by stock analysts at Needham & Company LLC in a research note issued on Friday, Benzinga reports. They presently have a $116.00 target price on the semiconductor company’s stock. Needham & Company LLC’s target price points to a potential upside of 44.86% from the company’s previous close.

Other analysts have also issued research reports about the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $62.00 target price on shares of onsemi in a report on Wednesday, August 12th. 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 report on Friday, September 18th. B. Riley Financial reduced their price target on shares of onsemi from $135.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. UBS Group restated a “neutral” rating on shares of onsemi in a report on Thursday, September 17th. Finally, Evercore restated an “outperform” rating and set a $137.00 price objective on shares of onsemi in a report on Friday, June 26th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $94.76.

onsemi Stock Up 4.2%

ON opened at $80.08 on Friday. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92. The company has a market capitalization of $31.18 billion, a P/E ratio of 51.33, a P/E/G ratio of 0.64 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’s fifty day moving average price is $76.44 and its two-hundred day moving average price is $88.44.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. onsemi had a return on equity of 14.06% and a net margin of 10.17%.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 firm posted $0.53 EPS. onsemi’s quarterly 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. On average, analysts anticipate that onsemi will post 3.2 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of 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 boosted its position in shares of onsemi by 1.8% during the 1st quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 127 shares in the last quarter. Evexia Wealth LLC raised its position 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 lifted its holdings in shares of onsemi by 42.1% in the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 149 shares in the last quarter. Finally, V Square Quantitative Management LLC raised its position in shares of onsemi by 2.7% during the 1st quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock worth $368,000 after purchasing an additional 157 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: More favorable Synaptics deal terms: onsemi and Synaptics amended their merger agreement so onsemi will acquire Synaptics for $123 per share in cash, valuing the transaction at approximately $5.7 billion. The revised structure replaces the earlier, larger stock-based transaction and follows an unsolicited competing proposal. Investors viewed the lower purchase price and all-cash structure as improving value for onsemi shareholders and reducing dilution risk. The companies said the deal should be immediately accretive to onsemi’s earnings per share. onsemi and Synaptics Announce Revised Merger Agreement
• Positive Sentiment: Analyst reiterates Buy rating: Needham reaffirmed its Buy rating on onsemi and set a $116 price target, implying substantial upside from the referenced share price. The target reinforces the bullish reaction to the revised Synaptics transaction and suggests the analyst sees room for improved earnings and strategic positioning. Needham reaffirms Buy rating on onsemi
• Neutral Sentiment: Strategic diversification remains in focus: Recent commentary continues to frame onsemi as more than a purely cyclical chipmaker, while a product validation highlighted an onsemi HyperLux image sensor paired with a Rockchip processor. These developments support the company’s automotive, industrial and intelligent-sensing exposure, but no material revenue or earnings impact was disclosed. Vadzo Imaging validates onsemi image sensor

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.