onsemi’s (ON) “Buy” Rating Reiterated 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 to clients and investors on Friday, Benzinga reports. They presently have a $116.00 price objective on the semiconductor company’s stock. Needham & Company LLC’s target price would indicate a potential upside of 34.40% from the company’s previous close.

ON has been the subject of several other research reports. Robert W. Baird boosted their price objective on onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Seaport Research Partners assumed coverage on onsemi in a report on Tuesday, September 22nd. They issued a “buy” rating and a $100.00 price target for the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $62.00 price target on shares of onsemi in a report on Wednesday, August 12th. Zacks Research cut onsemi from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Finally, Mizuho reduced their price target on onsemi from $110.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, September 17th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.56.

onsemi Stock Performance

Shares of ON stock opened at $86.31 on Friday. The stock has a market cap of $33.60 billion, a PE ratio of 55.33, a price-to-earnings-growth ratio of 0.71 and a beta of 2.05. The business has a 50-day simple moving average of $76.37 and a 200-day simple moving average of $88.97. The company has a quick ratio of 2.49, a current ratio of 3.46 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.

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

Insider Buying and Selling

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 158,177 shares in the company, valued at $12,654,160. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 large investors have recently made changes to their positions in ON. Root Financial Partners LLC grew its position 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 valued at $27,000 after purchasing an additional 149 shares in the last quarter. SHP Wealth Management purchased a new stake in shares of onsemi in the fourth quarter valued at approximately $32,000. Ascentis Independent Advisors purchased a new stake in shares of onsemi in the first quarter valued at approximately $36,000. Deseret Mutual Benefit Administrators grew its position 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 valued at $39,000 after purchasing an additional 160 shares in the last quarter. Finally, Compass Financial Management LLC purchased a new stake in shares of onsemi in the second quarter valued at approximately $67,000. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: All-cash Synaptics acquisition supports the AI growth narrative. onsemi revised its agreement to acquire Synaptics for approximately $5.7 billion in cash after a competing bid emerged. The structure avoids shareholder dilution and could provide more immediate earnings accretion, while expanding onsemi’s capabilities in physical AI, automotive and industrial applications. Why onsemi’s Synaptics Pivot Could Be a Game Changer
• Positive Sentiment: Technical momentum and sector enthusiasm are attracting buyers. Market commentary points to a potential higher low near $68, improving volume and a possible breakout above approximately $86.50. Investors are also citing onsemi’s automotive and industrial design wins, electrification trends and the broader demand outlook for AI-related power semiconductors. ON Semiconductor Stock Opinions on Recent Price Breakout
• Neutral Sentiment: Stifel raised its price target but retained a Hold rating. Stifel increased its target to $80 from $75, saying onsemi’s inventory correction is largely complete. However, the firm noted that demand recovery is still developing, leaving the new target below the current trading level. ON Semiconductor’s Recovery Is Taking Shape
• Negative Sentiment: Recent insider activity is entirely selling. onsemi insiders have reported four open-market transactions during the past six months, all sales. CFO Trent Thad sold approximately 90,000 shares, while another executive sold more than 15,000 shares. This may temper investor enthusiasm, though the sales do not necessarily indicate a change in the company’s outlook.

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.