onsemi’s (ON) Buy Rating Reiterated at Needham & Company LLC

onsemi (NASDAQ:ON)‘s stock had its “buy” rating reaffirmed by investment analysts at Needham & Company LLC in a research report issued on Friday, Benzinga reports. They currently have a $116.00 price objective on the semiconductor company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 36.74% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the stock. TD Cowen dropped their price target on shares of onsemi from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Citigroup reduced their price objective on onsemi from $120.00 to $98.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Weiss Ratings upgraded onsemi from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 7th. Zacks Research cut shares of onsemi from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Susquehanna raised their target price on shares of onsemi from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Thursday, July 9th. Fifteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.76.

onsemi Stock Up 5.9%

Shares of onsemi stock opened at $84.83 on Friday. 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 company has a 50-day moving average of $76.44 and a 200 day moving average of $88.44. The firm has a market cap of $33.03 billion, a price-to-earnings ratio of 54.10, a PEG ratio of 0.64 and a beta of 2.05. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92.

onsemi (NASDAQ:ON) last issued its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (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%. onsemi’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period last year, the business earned $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, sell-side analysts anticipate that onsemi will post 3.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On onsemi

Several institutional investors have recently made changes to their positions in ON. Root Financial Partners LLC raised 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 worth $27,000 after buying an additional 149 shares during the period. SHP Wealth Management purchased a new stake in shares of onsemi in the fourth quarter worth approximately $32,000. Ascentis Independent Advisors bought a new position in shares of onsemi in the first quarter worth about $36,000. Deseret Mutual Benefit Administrators grew its holdings in shares of onsemi by 28.2% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 728 shares of the semiconductor company’s stock worth $39,000 after purchasing an additional 160 shares during the last quarter. Finally, Compass Financial Management LLC bought a new position in shares of onsemi in the second quarter worth about $67,000. Institutional investors own 97.70% of the company’s stock.

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.