onsemi (NASDAQ:ON) Given "Buy" Rating at Needham & Company LLC

onsemi (NASDAQ:ON - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Needham & Company LLC in a note issued to investors on Friday, Benzinga reports. They currently have a $116.00 target price on the semiconductor company's stock. Needham & Company LLC's price objective would indicate a potential upside of 44.86% from the stock's current price.

A number of other analysts have also recently weighed in on ON. UBS Group reaffirmed a "neutral" rating on shares of onsemi in a research report on Thursday, September 17th. TD Cowen cut their price target on onsemi from $110.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, July 13th. Stifel Nicolaus decreased their price target on onsemi from $90.00 to $75.00 and set a "hold" rating for the company in a report on Thursday, September 17th. Wells Fargo & Company lowered their price objective on shares of onsemi from $95.00 to $85.00 and set an "overweight" rating on the stock in a research report on Thursday, September 17th. Finally, Weiss Ratings raised shares of onsemi from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, August 7th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $94.76.

onsemi Trading Up 4.2%

Shares of onsemi stock opened at $80.08 on Friday. 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 company has a market capitalization of $31.18 billion, a P/E ratio of 51.33, a PEG ratio of 0.64 and a beta of 2.05. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The company's fifty day moving average is $76.44 and its two-hundred day moving average is $88.44.

onsemi (NASDAQ:ON - Get Free Report) last announced its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.02. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the prior year, the firm earned $0.53 earnings per share. The business's quarterly revenue was up 9.2% compared to the same quarter last year. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Analysts forecast that onsemi will post 3.2 earnings per share for the current year.

Institutional Trading of onsemi

A number of institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP raised its position in onsemi by 570.3% in the second quarter. Engineers Gate Manager LP now owns 304,377 shares of the semiconductor company's stock worth $28,776,000 after acquiring an additional 258,968 shares in the last quarter. Kornitzer Capital Management Inc. KS boosted its position in shares of onsemi by 103.0% during the 1st quarter. Kornitzer Capital Management Inc. KS now owns 89,080 shares of the semiconductor company's stock worth $5,516,000 after purchasing an additional 45,200 shares in the last quarter. Swiss National Bank boosted its position in shares of onsemi by 5.4% during the 1st quarter. Swiss National Bank now owns 1,180,800 shares of the semiconductor company's stock worth $73,115,000 after purchasing an additional 60,200 shares in the last quarter. ExodusPoint Capital Management LP grew its stake in shares of onsemi by 49.7% during the 4th quarter. ExodusPoint Capital Management LP now owns 667,844 shares of the semiconductor company's stock worth $36,164,000 after purchasing an additional 221,774 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of onsemi by 19.7% in the 4th quarter. Van ECK Associates Corp now owns 4,100,943 shares of the semiconductor company's stock valued at $222,066,000 after purchasing an additional 674,408 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Lower-cost, all-cash Synaptics acquisition: onsemi will pay $123 per Synaptics share in cash, valuing the deal at approximately $5.7 billion. The revised terms follow an unsolicited competing proposal and replace the earlier, roughly $7 billion stock-based transaction. onsemi said the amendment is expected to provide higher shareholder value and immediate EPS accretion. onsemi and Synaptics Announce Revised Merger Agreement
• Positive Sentiment: Reduced dilution: Shifting from stock to cash avoids issuing onsemi shares, while the lower headline value reduces the capital committed to the acquisition. This may improve per-share economics, although investors will weigh the cash requirement and potential financing needs. onsemi agrees to buy Synaptics for $123 per share in cash
• Positive Sentiment: Strategic product expansion: Synaptics would broaden onsemi’s exposure to connectivity, edge computing and intelligent sensing markets, supporting the investment case that onsemi can become less dependent on cyclical automotive and industrial semiconductor demand. ON Semiconductor Is No Longer Just a Cyclical Chipmaker
• Neutral Sentiment: Additional product validation: A camera platform using onsemi’s HyperLux LP image sensor was validated with a Rockchip processor. The announcement provides commercial visibility for onsemi’s imaging technology but does not disclose material revenue or order commitments. Vadzo Imaging Validates Bolt-544CRS

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.