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

onsemi (NASDAQ:ON)‘s stock had its “buy” rating reissued 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 price objective on the semiconductor company’s stock. Needham & Company LLC’s price target points to a potential upside of 37.28% from the company’s current price.

ON has been the subject of a number of other research reports. Truist Financial dropped their target price on onsemi from $91.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, September 18th. Zacks Research downgraded onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Robert W. Baird boosted their target price on onsemi from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. TD Cowen lowered their price objective on onsemi from $110.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Finally, Susquehanna boosted their price objective on onsemi from $140.00 to $150.00 and gave the company a “positive” rating in a research report on Thursday, July 9th. Fifteen 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 stock has a consensus rating of “Moderate Buy” and an average price target of $95.36.

onsemi Price Performance

onsemi stock traded up $4.42 during midday trading on Friday, hitting $84.50. 12,962,584 shares of the company’s stock were exchanged, compared to its average volume of 10,499,606. The company has a market cap of $32.90 billion, a P/E ratio of 54.05, a PEG ratio of 0.64 and a beta of 2.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. The stock has a 50-day moving average price of $76.44 and a two-hundred day moving average price of $88.44. onsemi has a 52-week low of $44.56 and a 52-week high of $134.92.

onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $1.60 billion for 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 business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior 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 3.2 earnings per share for the current year.

Institutional Trading of onsemi

Institutional investors have recently bought and sold shares of the company. Janus Henderson Group PLC raised its position 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 during the last quarter. Van ECK Associates Corp grew its stake in shares of onsemi by 16.6% in the second 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 period. Pictet Asset Management Holding SA raised its holdings in shares of onsemi by 15.5% during the first 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 during the last quarter. Assenagon Asset Management S.A. lifted its position in onsemi by 74.8% during the second 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 during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of onsemi by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,442,177 shares of the semiconductor company’s stock worth $212,997,000 after acquiring an additional 207,587 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Revised Synaptics deal is viewed as more shareholder-friendly. onsemi will acquire Synaptics for $123 per share in cash, valuing the transaction at approximately $5.7 billion. The revised structure replaces the previous all-stock agreement, reduces dilution risk and is expected to provide immediate EPS accretion for onsemi shareholders. The amendment followed an unsolicited competing proposal for Synaptics. onsemi and Synaptics revised merger agreement
• Positive Sentiment: Analysts raised their valuation expectations. Wells Fargo lifted its onsemi price target from $85 to $100 and assigned an “overweight” rating. Needham also reaffirmed a “buy” rating with a $116 target. The upgrades indicate that analysts believe the revised transaction could improve onsemi’s earnings profile and strategic position. Analyst ratings and price targets
• Positive Sentiment: Broader market conditions provided additional support. U.S. stocks and technology shares were broadly higher, helping semiconductor names attract buying interest. The positive sector backdrop likely amplified the favorable reaction to onsemi’s deal announcement. Technology stocks moving higher
• Neutral Sentiment: Investors will still monitor execution risk. Although the all-cash structure removes stock dilution, the acquisition will require substantial cash funding and remains subject to customary closing conditions and regulatory approval. The transaction’s longer-term benefit depends on successful integration and realization of expected synergies.

onsemi Company Profile

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.