onsemi (NASDAQ:ON) Stock Keeps Buy Rating at Needham & Company LLC

onsemi (NASDAQ:ON)‘s stock had its “buy” rating reiterated by equities researchers at Needham & Company LLC in a research note issued to 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 suggests a potential upside of 37.51% from the company’s current price.

ON has been the topic of several other reports. UBS Group reaffirmed a “neutral” rating on shares of onsemi in a research note on Thursday, September 17th. Citigroup reduced their price objective on onsemi from $120.00 to $98.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $62.00 price objective on shares of onsemi in a research note on Wednesday, August 12th. Stifel Nicolaus reduced their price objective on onsemi from $90.00 to $75.00 and set a “hold” rating on the stock in a research note on Thursday, September 17th. Finally, Wells Fargo & Company reduced their price objective on onsemi from $95.00 to $85.00 and set an “overweight” rating on the stock in a research note on Thursday, September 17th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.36.

onsemi Stock Up 5.3%

NASDAQ ON traded up $4.28 during trading on Friday, hitting $84.36. The stock had a trading volume of 11,569,478 shares, compared to its average volume of 10,492,391. The company has a market capitalization of $32.84 billion, a PE ratio of 54.08, a P/E/G ratio of 0.64 and a beta of 2.05. The company’s 50-day moving average price is $76.44 and its two-hundred day moving average price is $88.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92.

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, topping analysts’ consensus estimates of $0.72 by $0.02. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The company had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. During the same quarter in the prior year, the business posted $0.53 EPS. The business’s 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. As a group, sell-side analysts forecast that onsemi will post 3.2 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. 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 during the period. Van ECK Associates Corp raised its stake in onsemi by 16.6% during the second quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock valued at $486,252,000 after buying an additional 731,540 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in 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 buying an additional 615,905 shares during the last quarter. Assenagon Asset Management S.A. raised its stake 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 buying an additional 1,201,534 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in 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 acquiring an additional 207,587 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

onsemi News Roundup

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.

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.