onsemi (NASDAQ:ON) Given “Buy” Rating at Needham & Company LLC

onsemi (NASDAQ:ON)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research report issued to clients and investors on Friday, Benzinga reports. They presently have a $116.00 target price on the semiconductor company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 37.79% from the company’s previous close.

A number of other analysts have also recently weighed in on the stock. UBS Group reaffirmed a “neutral” rating on shares of onsemi in a research report on Thursday, September 17th. Evercore reaffirmed an “outperform” rating and set a $137.00 price target on shares of onsemi in a research report on Friday, June 26th. Mizuho decreased their price target on shares of onsemi from $110.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. TD Cowen decreased their price target on shares of onsemi from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Finally, Citigroup decreased their price target on shares of onsemi from $120.00 to $98.00 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $94.76.

onsemi Trading Up 5.1%

Shares of NASDAQ ON traded up $4.11 during trading on Friday, hitting $84.19. 5,566,857 shares of the company traded hands, compared to its average volume of 10,441,940. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The company has a 50-day moving average price of $76.44 and a 200-day moving average price of $88.44. The firm has a market capitalization of $32.77 billion, a P/E ratio of 54.04, a P/E/G ratio of 0.64 and a beta of 2.05. The company has a quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51.

onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The company had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the company earned $0.53 EPS. The business’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, equities analysts predict that onsemi will post 3.2 EPS for the current year.

Hedge Funds Weigh In On onsemi

A number of institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its holdings in onsemi by 10.9% in the 1st quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock worth $848,392,000 after buying an additional 1,345,894 shares in the last quarter. Van ECK Associates Corp lifted its holdings in 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 buying an additional 731,540 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of onsemi by 15.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock valued at $284,495,000 after purchasing an additional 615,905 shares in the last quarter. Dimensional Fund Advisors LP raised 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. raised its stake in shares of 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. Institutional investors and hedge funds own 97.70% of the company’s stock.

onsemi News Summary

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.