onsemi (NASDAQ:ON) Price Target Raised to $76.00

onsemi (NASDAQ:ON) had its target price increased by equities research analysts at Truist Financial from $75.00 to $76.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “hold” rating on the semiconductor company’s stock. Truist Financial‘s price target would suggest a potential upside of 4.11% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. B. Riley Financial cut their price objective on onsemi from $105.00 to $97.00 and set a “buy” rating on the stock in a report on Tuesday. Susquehanna lowered their target price on onsemi from $150.00 to $120.00 and set a “positive” rating for the company in a report on Wednesday, October 21st. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $90.00 target price on shares of onsemi in a research report on Tuesday. Rosenblatt Securities cut their price target on shares of onsemi from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, Robert W. Baird increased their price target on shares of onsemi from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and fifteen have issued a Hold rating to the company. Based on data from MarketBeat.com, onsemi currently has an average rating of “Moderate Buy” and an average target price of $92.22.

onsemi Trading Up 4.1%

Shares of NASDAQ:ON traded up $2.89 during mid-day trading on Tuesday, reaching $73.00. 5,428,852 shares of the company were exchanged, compared to its average volume of 10,497,945. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. 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 50-day simple moving average is $74.67 and its 200 day simple moving average is $82.02. The firm has a market cap of $28.42 billion, a price-to-earnings ratio of 46.85, a P/E/G ratio of 0.62 and a beta of 2.05.

onsemi (NASDAQ:ON) last announced its earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.02. onsemi had a return on equity of 14.06% and a net margin of 10.17%. The company had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the company earned $0.63 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Equities research analysts forecast that onsemi will post 3.21 EPS for the current year.

Insider Transactions at onsemi

In related news, insider Sudhir Gopalswamy sold 15,578 shares of onsemi stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $80.00, for a total value of $1,246,240.00. Following the completion of the transaction, the insider directly owned 158,177 shares in the company, valued at approximately $12,654,160. This trade represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On onsemi

A number of hedge funds have recently bought and sold shares of the stock. CenterBook Partners LP lifted its holdings in shares of onsemi by 162.4% during the third quarter. CenterBook Partners LP now owns 187,420 shares of the semiconductor company’s stock worth $14,407,000 after purchasing an additional 115,987 shares during the period. Alta Advisers Ltd purchased a new position in onsemi in the 3rd quarter valued at $225,000. Kestra Advisory Services LLC increased its stake in onsemi by 13.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 16,911 shares of the semiconductor company’s stock valued at $1,300,000 after buying an additional 2,006 shares during the period. Chicago Partners Investment Group LLC increased its stake in onsemi by 33.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,555 shares of the semiconductor company’s stock valued at $763,000 after buying an additional 2,631 shares during the period. Finally, Rakuten Investment Management Inc. raised its position in onsemi by 12.9% during the 3rd quarter. Rakuten Investment Management Inc. now owns 129,575 shares of the semiconductor company’s stock worth $9,841,000 after buying an additional 14,771 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Trending Headlines about onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: AI growth outlook strengthened: onsemi agreed to acquire Ferric for $600 million in cash, plus up to $175 million in contingent consideration. The deal adds integrated voltage-regulator technology for next-generation AI processors and raises the company’s 2030 AI data-center revenue target by $500 million to more than $3 billion. onsemi to Acquire Ferric
• Positive Sentiment: Quarterly results topped expectations: third-quarter adjusted EPS was $0.90 versus the $0.88 consensus, while revenue rose 11.1% year over year to approximately $1.72 billion, slightly ahead of estimates. Cash flow also improved, with operating cash flow up 23% and free cash flow up 31%. onsemi Reports Third Quarter 2026 Results
• Positive Sentiment: Fourth-quarter guidance was above consensus at the midpoint: onsemi forecast adjusted EPS of $0.95-$1.07 and revenue of $1.7-$1.8 billion, compared with analyst estimates of $0.96 EPS and $1.7 billion in revenue. Why Is ON Semiconductor Stock Gaining Tuesday?
• Neutral Sentiment: Analyst sentiment was mixed: Craig Hallum upgraded onsemi from Hold to Buy with an $85 target, while Cantor Fitzgerald maintained Neutral with a $90 target. These targets remain above the current trading level but indicate continued debate over the pace of recovery.
• Negative Sentiment: Rosenblatt Securities lowered its price target from $85 to $80 and retained a Neutral rating. Investors also initially focused on the possibility that the earnings beat and AI opportunity were not large enough to fully justify elevated expectations. onsemi Q3 results and Ferric deal

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.