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 on Friday, Benzinga reports. They presently have a $116.00 price objective on the semiconductor company’s stock. Needham & Company LLC’s price target indicates a potential upside of 36.65% from the company’s previous close.

A number of other equities analysts have also weighed in on the stock. Seaport Research Partners began coverage on shares of onsemi in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $100.00 price target for the company. B. Riley Financial cut their price objective on shares of onsemi from $135.00 to $127.00 and set a “buy” rating for the company in a report on Tuesday, August 4th. UBS Group reaffirmed a “neutral” rating on shares of onsemi in a report on Thursday, September 17th. Zacks Research lowered shares of onsemi from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Wells Fargo & Company cut their price objective on shares of onsemi from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Thursday, September 17th. Fifteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.36.

onsemi Stock Performance

onsemi stock traded up $4.81 during midday trading on Friday, hitting $84.89. The stock had a trading volume of 22,890,541 shares, compared to its average volume of 10,555,683. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51. onsemi has a 52-week low of $44.56 and a 52-week high of $134.92. The company has a market capitalization of $33.05 billion, a PE ratio of 54.42, a P/E/G ratio of 0.64 and a beta of 2.05. The firm’s fifty day moving average is $76.44 and its two-hundred day moving average is $88.44.

onsemi (NASDAQ:ON) last posted its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The business 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%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, research analysts forecast that onsemi will post 3.2 EPS for the current year.

Insiders Place Their Bets

In related news, insider Sudhir Gopalswamy sold 15,578 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total value of $1,246,240.00. Following the sale, the insider owned 158,177 shares in the company, valued at approximately $12,654,160. The trade was a 8.97% decrease in their ownership of the stock. The sale 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. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On onsemi

Several large investors have recently bought and sold shares of ON. CX Institutional raised its stake in shares of onsemi by 8.5% in the third quarter. CX Institutional now owns 9,170 shares of the semiconductor company’s stock valued at $705,000 after acquiring an additional 719 shares during the period. Andra AP fonden purchased a new stake in shares of onsemi in the second quarter valued at $2,704,000. Sequoia Financial Advisors LLC raised its stake in shares of onsemi by 1.7% in the second quarter. Sequoia Financial Advisors LLC now owns 20,170 shares of the semiconductor company’s stock valued at $1,907,000 after acquiring an additional 344 shares during the period. Arlington Capital Management Inc. purchased a new stake in shares of onsemi in the second quarter valued at $246,000. Finally, WINTON GROUP Ltd purchased a new stake in shares of onsemi in the second quarter valued at $293,000. Institutional investors own 97.70% of the company’s stock.

onsemi News Roundup

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: More favorable Synaptics deal terms: onsemi and Synaptics amended their merger agreement after Synaptics received an unsolicited competing proposal. The transaction is now an all-cash offer of $123 per Synaptics share, valuing the deal at approximately $5.7 billion versus roughly $7 billion under the previous all-stock structure. The lower purchase price removes expected share dilution and is projected to be immediately accretive to onsemi’s non-GAAP earnings per share. onsemi and Synaptics Announce Revised Merger Agreement
• Positive Sentiment: Analysts raised valuation expectations: Bank of America said the revised transaction could produce a larger earnings benefit than initially expected, while UBS characterized the deal as immediately accretive. Wells Fargo raised its onsemi price target to $100 from $85 and assigned an Overweight rating; Needham reaffirmed a Buy rating with a $116 target. ON Semiconductor’s revised Synaptics deal improves earnings outlook, says BofA
• Positive Sentiment: Positive trading signals: Call-option activity was unusually strong, with traders purchasing 28,912 calls—about 36% above average volume—suggesting increased bullish positioning. The stock also benefited from broad strength in technology shares.
• Neutral Sentiment: Strategic upside remains dependent on execution: Management cited additional revenue opportunities, potential annual run-rate synergies and plans to bring some Synaptics production in-house. These benefits could improve the combined company’s growth profile, but they remain subject to deal completion and integration.
• Negative Sentiment: Insider selling adds a modest cautionary signal: Director Sudhir Gopalswamy sold 15,578 shares for approximately $1.25 million, reducing his position by 8.97%. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, which reduces its significance as a discretionary bearish signal.

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.