onsemi (NASDAQ:ON) Stock Gets Price Target Reduction from B. Riley Financial

Key Points

• B. Riley Financial lowered onsemi’s price target from $105 to $97 but maintained a “Buy” rating, implying roughly 34% upside from the stock’s $72.40 price. The broader analyst consensus remains “Moderate Buy,” with an average target of $91.50.
• onsemi reported a quarterly earnings beat, with EPS of $0.90 versus $0.88 expected and revenue of approximately $1.72 billion, up 11.1% year over year. Fourth-quarter guidance was also above consensus at the midpoint.
• The company agreed to acquire Ferric for up to $775 million, expanding its power-delivery technology for AI processors and raising its 2030 AI data-center revenue target by $500 million to more than $3 billion.

onsemi (NASDAQ:ON - Get Free Report) had its price objective reduced by equities research analysts at B. Riley Financial from $105.00 to $97.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. B. Riley Financial's target price would suggest a potential upside of 33.98% from the company's current price.

Other analysts have also recently issued research reports about the stock. Mizuho cut their price target on shares of onsemi from $110.00 to $95.00 and set an "outperform" rating on the stock in a report on Thursday, September 17th. TD Cowen restated a "hold" rating and issued a $75.00 price objective on shares of onsemi in a report on Tuesday. Stifel Nicolaus raised their target price on shares of onsemi from $75.00 to $80.00 and gave the stock a "hold" rating in a research report on Monday, October 5th. UBS Group reaffirmed a "neutral" rating on shares of onsemi in a research note on Thursday, September 17th. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $62.00 price target on shares of onsemi in a research report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and fifteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $91.50.

onsemi Trading Up 3.3%

NASDAQ ON traded up $2.29 on Tuesday, hitting $72.40. The company's stock had a trading volume of 4,461,358 shares, compared to its average volume of 10,490,675. The firm has a market cap of $28.19 billion, a P/E ratio of 46.65, a PEG ratio of 0.62 and a beta of 2.05. onsemi has a 52-week low of $44.56 and a 52-week high of $134.92. The company's 50-day simple moving average is $74.67 and its 200 day simple moving average is $82.02. 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 - Get Free Report) last posted its earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.02. The firm had revenue of $1.72 billion for the quarter, compared to analysts' expectations of $1.71 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%. The business's revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 earnings per share. Research analysts predict that onsemi will post 3.21 EPS for the current fiscal year.

Insider Buying and Selling at onsemi

In related 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 value of $1,246,240.00. Following the sale, the insider directly owned 158,177 shares of the company's stock, valued at $12,654,160. This represents a 8.97% decrease in their ownership of the stock. The sale 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. 0.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On onsemi

Several institutional investors and hedge funds have recently added to or reduced their stakes in ON. Janus Henderson Group PLC increased its stake in shares of 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 acquiring an additional 1,345,894 shares in the last quarter. Van ECK Associates Corp grew its holdings in onsemi by 16.6% in the second quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company's stock worth $486,252,000 after purchasing an additional 731,540 shares during the period. Assenagon Asset Management S.A. increased its stake 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 valued at $265,450,000 after purchasing an additional 1,201,534 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of onsemi by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,442,177 shares of the semiconductor company's stock valued at $212,997,000 after purchasing an additional 207,587 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of onsemi by 5.9% during the first quarter. Pacer Advisors Inc. now owns 1,544,424 shares of the semiconductor company's stock valued at $95,631,000 after purchasing an additional 85,433 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: AI growth outlook strengthened: onsemi agreed to acquire Ferric for $600 million in cash, plus up to $175 million in contingent consideration. The deal adds integrated voltage-regulator technology for next-generation AI processors and raises the company’s 2030 AI data-center revenue target by $500 million to more than $3 billion. onsemi to Acquire Ferric
• Positive Sentiment: Quarterly results topped expectations: third-quarter adjusted EPS was $0.90 versus the $0.88 consensus, while revenue rose 11.1% year over year to approximately $1.72 billion, slightly ahead of estimates. Cash flow also improved, with operating cash flow up 23% and free cash flow up 31%. onsemi Reports Third Quarter 2026 Results
• Positive Sentiment: Fourth-quarter guidance was above consensus at the midpoint: onsemi forecast adjusted EPS of $0.95-$1.07 and revenue of $1.7-$1.8 billion, compared with analyst estimates of $0.96 EPS and $1.7 billion in revenue. Why Is ON Semiconductor Stock Gaining Tuesday?
• Neutral Sentiment: Analyst sentiment was mixed: Craig Hallum upgraded onsemi from Hold to Buy with an $85 target, while Cantor Fitzgerald maintained Neutral with a $90 target. These targets remain above the current trading level but indicate continued debate over the pace of recovery.
• Negative Sentiment: Rosenblatt Securities lowered its price target from $85 to $80 and retained a Neutral rating. Investors also initially focused on the possibility that the earnings beat and AI opportunity were not large enough to fully justify elevated expectations. onsemi Q3 results and Ferric deal

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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