onsemi (NASDAQ:ON) Price Target Raised to $100.00

Key Points

• Wells Fargo raised its onsemi price target from $85 to $100 and maintained an “overweight” rating, implying 18.46% upside from the prior close.
• Analyst sentiment is generally positive, with 15 Buy and 15 Hold ratings producing a “Moderate Buy” consensus and an average target price of $95.36.
• onsemi’s latest quarterly results exceeded expectations, reporting $0.74 in EPS versus a $0.72 estimate and $1.60 billion in revenue; institutional investors own approximately 97.7% of its shares.

onsemi (NASDAQ:ON - Get Free Report) had its price objective upped by equities researchers at Wells Fargo & Company from $85.00 to $100.00 in a report issued on Friday, Benzinga reports. The firm presently has an "overweight" rating on the semiconductor company's stock. Wells Fargo & Company's price target would indicate a potential upside of 18.46% from the company's previous close.

Other equities research analysts also recently issued research reports about the company. Citigroup reduced their target price on onsemi from $120.00 to $98.00 and set a "neutral" rating for the company in a report on Wednesday, August 5th. Cantor Fitzgerald lowered their price target on shares of onsemi from $110.00 to $90.00 and set a "neutral" rating on the stock in a research note on Thursday, September 17th. Seaport Research Partners assumed coverage on shares of onsemi in a research note on Tuesday, September 22nd. They issued a "buy" rating and a $100.00 price objective for the company. TD Cowen decreased their price objective on shares of onsemi from $110.00 to $95.00 and set a "buy" rating on the stock in a report on Monday, July 13th. Finally, Stifel Nicolaus lowered their target price on shares of onsemi from $90.00 to $75.00 and set a "hold" rating on the stock in a research report on Thursday, September 17th. Fifteen analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $95.36.

onsemi Stock Performance

NASDAQ ON traded up $4.34 during trading hours on Friday, hitting $84.42. 8,804,089 shares of the stock were exchanged, compared to its average volume of 10,473,064. The company has a quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. The company has a market cap of $32.87 billion, a price-to-earnings ratio of 53.86, a price-to-earnings-growth ratio of 0.64 and a beta of 2.05. onsemi has a 12-month low of $44.56 and a 12-month high of $134.92. The stock has a 50-day moving average of $76.44 and a 200 day moving average of $88.44.

onsemi (NASDAQ:ON - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, beating 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 analyst estimates of $1.59 billion. During the same quarter in the previous year, the company earned $0.53 EPS. The firm's revenue for the quarter 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, equities research analysts forecast that onsemi will post 3.2 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC raised 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 valued at $848,392,000 after acquiring an additional 1,345,894 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of 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 worth $265,450,000 after purchasing an additional 1,201,534 shares during the last quarter. Boston Trust Walden Corp boosted its holdings in shares of onsemi by 524.0% during the first quarter. Boston Trust Walden Corp now owns 1,038,146 shares of the semiconductor company's stock worth $64,282,000 after purchasing an additional 871,786 shares during the last quarter. Van ECK Associates Corp grew its position in shares of onsemi by 16.6% in 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 purchasing an additional 731,540 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in shares of onsemi by 15.5% in 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 purchasing an additional 615,905 shares during the period. Institutional investors and hedge funds own 97.70% of the company's stock.

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.

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