onsemi (NASDAQ:ON) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

onsemi (NASDAQ:ON) had its target price hoisted by equities researchers at Wells Fargo & Company from $85.00 to $100.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 18.46% from the company’s previous close.

ON has been the subject of several other research reports. Zacks Research lowered shares of onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Mizuho decreased their price target on shares of onsemi from $110.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. Susquehanna increased their price target on onsemi from $140.00 to $150.00 and gave the company a “positive” rating in a report on Thursday, July 9th. Seaport Research Partners initiated coverage on onsemi in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $100.00 price objective on the stock. Finally, Cantor Fitzgerald reduced their price objective on onsemi from $110.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, September 17th. Fifteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.36.

onsemi Trading Up 5.4%

onsemi stock traded up $4.34 during midday trading on Friday, reaching $84.42. The stock had a trading volume of 8,804,089 shares, compared to its average volume of 10,473,064. The stock’s 50-day simple moving average is $76.44 and its 200 day simple moving average is $88.44. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. 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 market capitalization of $32.87 billion, a PE ratio of 53.86, a price-to-earnings-growth ratio of 0.64 and a beta of 2.05.

onsemi (NASDAQ:ON) last released its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. The business had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The company’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Analysts expect that onsemi will post 3.2 EPS for the current year.

Hedge Funds Weigh In On onsemi

A number of hedge funds and other institutional investors have recently bought and sold shares of ON. Kestra Private Wealth Services LLC boosted its holdings in shares of onsemi by 2.8% during the first quarter. Kestra Private Wealth Services LLC now owns 4,554 shares of the semiconductor company’s stock worth $282,000 after acquiring an additional 125 shares during the period. Apollon Wealth Management LLC grew its position in shares of onsemi by 1.8% in the first quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 127 shares during the last quarter. Evexia Wealth LLC increased its stake in shares of onsemi by 1.1% during the first quarter. Evexia Wealth LLC now owns 13,328 shares of the semiconductor company’s stock worth $825,000 after purchasing an additional 142 shares during the period. Root Financial Partners LLC lifted its holdings in onsemi by 42.1% during the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 149 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in onsemi by 2.7% during the 1st quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock worth $368,000 after purchasing an additional 157 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Key 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

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.