What is KeyCorp’s Forecast for onsemi Q3 Earnings?

onsemi (NASDAQ:ON) – Stock analysts at KeyCorp issued their Q3 2026 EPS estimates for shares of onsemi in a research report issued on Wednesday, October 14th. KeyCorp analyst J. Vinh expects that the semiconductor company will post earnings per share of $0.93 for the quarter. The consensus estimate for onsemi’s current full-year earnings is $3.21 per share. KeyCorp also issued estimates for onsemi’s Q4 2026 earnings at $1.04 EPS, FY2026 earnings at $3.35 EPS, Q1 2027 earnings at $1.06 EPS, Q2 2027 earnings at $1.13 EPS, Q3 2027 earnings at $1.27 EPS, Q4 2027 earnings at $1.37 EPS and FY2027 earnings at $4.82 EPS.

Several other research firms have also recently weighed in on ON. Cantor Fitzgerald cut their price objective on onsemi from $110.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, September 17th. Truist Financial decreased their price objective on shares of onsemi from $91.00 to $75.00 and set a “hold” rating for the company in a report on Friday, September 18th. Seaport Research Partners initiated coverage on shares of onsemi in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $100.00 price objective on the stock. Mizuho dropped their target price on shares of onsemi from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Finally, Stifel Nicolaus boosted their target price on shares of onsemi from $75.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, onsemi has an average rating of “Moderate Buy” and an average price target of $95.56.

onsemi Stock Performance

Shares of ON opened at $73.12 on Monday. The stock has a 50 day moving average of $75.63 and a 200 day moving average of $89.98. The company has a market capitalization of $28.47 billion, a price-to-earnings ratio of 46.87, a PEG ratio of 0.59 and a beta of 2.05. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92. 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 (NASDAQ:ON) last posted its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.72 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS.

Institutional Investors Weigh In On onsemi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ON. Kestra Private Wealth Services LLC grew 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 purchasing an additional 125 shares during the last quarter. Apollon Wealth Management LLC increased its position in shares of onsemi by 1.8% during the first quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 127 shares in the last quarter. Evexia Wealth LLC increased its position 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 in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of onsemi by 2.7% in the 1st quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 157 shares during the last quarter. Finally, Compound Planning Inc. lifted its holdings in shares of onsemi by 3.9% in the 1st quarter. Compound Planning Inc. now owns 4,733 shares of the semiconductor company’s stock valued at $293,000 after purchasing an additional 179 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the company’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the transaction, the insider owned 158,177 shares of the company’s stock, valued at $12,654,160. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by insiders.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: StoneX initiated coverage with a Buy rating, providing a new bullish view on onsemi’s outlook and potentially supporting investor confidence. StoneX initiates coverage of ON Semiconductor with buy rating
• Positive Sentiment: Long-term power-transistor demand is expected to grow substantially, with the global market projected to reach $21.4 billion by 2032. The report specifically identifies onsemi as a major industry participant benefiting from demand for silicon-carbide and gallium-nitride products used in electric vehicles, renewable energy, smart grids and industrial applications. Power Transistors Global Strategic Business Report
• Positive Sentiment: Vadzo Imaging validated a 5-megapixel camera based on onsemi’s HyperLux image sensor for embedded-vision applications using Rockchip hardware. The validation offers third-party evidence of product compatibility and may support adoption in edge, industrial and other embedded markets, although the immediate revenue impact is unclear. Vadzo Imaging validates Bolt-544CRS onsemi camera
• Neutral Sentiment: Investor attention has increased ahead of onsemi’s earnings outlook. Recent coverage highlights the company’s prior earnings beat, revenue growth and forward guidance, but provides little new fundamental information. Investors heavily search ON Semiconductor
• Neutral Sentiment: KeyCorp’s onsemi earnings forecast coverage underscores that upcoming quarterly results could provide the next major direction-setting catalyst for the stock. What is KeyCorp’s Forecast for onsemi Q3 Earnings?
• Negative Sentiment: TD Cowen cut its price target to $75 from $95. Although the revised target remains above the latest trading level, the sharp reduction signals weaker near-term confidence in onsemi’s earnings trajectory or semiconductor-cycle recovery. TD Cowen adjusts price target on ON Semiconductor

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.