onsemi (NASDAQ:ON) Upgraded to "Strong-Buy" at Stonex Financia

Key Points

• StoneX upgraded onsemi to “Strong Buy,” adding to a generally positive analyst outlook. The stock has a consensus “Moderate Buy” rating and an average price target of $95.56.
• onsemi’s latest quarterly results exceeded expectations, with $0.74 in EPS versus a $0.72 estimate and $1.60 billion in revenue, up 9.2% year over year.
• Growth catalysts include onsemi’s silicon-carbide technology win with Sungrow for utility-scale energy storage, while investors will watch upcoming earnings for updates on automotive and industrial demand, margins and silicon-carbide adoption.

onsemi (NASDAQ:ON - Get Free Report) was upgraded by Stonex Financia to a "strong-buy" rating in a report released on Wednesday, Zacks reports.

Several other equities research analysts have also weighed in on the company. Wells Fargo & Company lifted their price target on onsemi from $85.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, October 2nd. Robert W. Baird increased their price objective on onsemi from $100.00 to $108.00 and gave the stock a "neutral" rating in a report on Tuesday, August 4th. Rosenblatt Securities reissued a "neutral" rating and set a $85.00 price objective on shares of onsemi in a research report on Thursday, September 17th. Sanford C. Bernstein reissued an "outperform" rating and set a $62.00 price objective on shares of onsemi in a research report on Wednesday, August 12th. Finally, Truist Financial dropped their target price on shares of onsemi from $91.00 to $75.00 and set a "hold" rating on the stock in a report on Friday, September 18th. One research 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 company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $95.56.

onsemi Stock Performance

Shares of ON opened at $73.70 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 2.49. onsemi has a one year low of $44.56 and a one year high of $134.92. The company has a 50-day simple moving average of $75.94 and a two-hundred day simple moving average of $89.79. The firm has a market capitalization of $28.69 billion, a PE ratio of 47.24, a price-to-earnings-growth ratio of 0.61 and a beta of 2.05.

onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.02. onsemi had a return on equity of 14.06% and a net margin of 10.17%. The business had revenue of $1.60 billion for the quarter, compared to analysts' expectations of $1.59 billion. During the same period in the previous year, the firm posted $0.53 EPS. The business's revenue was up 9.2% on a year-over-year basis. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, analysts anticipate that onsemi will post 3.20 EPS for the current fiscal year.

Insider Activity at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the business'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 sale, the insider directly owned 158,177 shares of the company's stock, valued at $12,654,160. The trade was a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through 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 corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC boosted its holdings in onsemi by 2.8% in the first quarter. Kestra Private Wealth Services LLC now owns 4,554 shares of the semiconductor company's stock worth $282,000 after acquiring an additional 125 shares in the last quarter. Apollon Wealth Management LLC raised its position in shares of onsemi by 1.8% in the 1st 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 during the last quarter. Evexia Wealth LLC raised its position in shares of onsemi by 1.1% in the 1st quarter. Evexia Wealth LLC now owns 13,328 shares of the semiconductor company's stock worth $825,000 after purchasing an additional 142 shares during the last quarter. V Square Quantitative Management LLC raised its position 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 worth $368,000 after purchasing an additional 157 shares during the last quarter. Finally, Compound Planning Inc. boosted its stake in onsemi by 3.9% in the 1st quarter. Compound Planning Inc. now owns 4,733 shares of the semiconductor company's stock worth $293,000 after purchasing an additional 179 shares in 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: Energy-storage design win: Sungrow is integrating onsemi’s EliteSiC silicon-carbide hybrid power modules into its PowerTitan 3.0 utility-scale battery-storage platform. The technology is expected to improve inverter efficiency by 0.4%, exceed 99.3% peak efficiency and save more than 475 MWh annually in a 100 MW installation. Sungrow expects to deliver 10 GWh of PowerTitan 3.0 systems in Europe during 2026, supporting the growth outlook for onsemi’s power products. onsemi and Sungrow Advance Utility-Scale Energy Storage Performance
• Positive Sentiment: Bullish analyst view: StoneX reportedly initiated coverage with a Buy rating and sees approximately 54% upside, citing chip-growth potential. Separately, Susquehanna analyst Christopher Rolland has highlighted tightening supply, firmer pricing and improving automotive and industrial demand. Onsemi started at buy at StoneX
• Neutral Sentiment: Earnings catalyst approaching: onsemi will release third-quarter results after the market closes on November 2, 2026, followed by a conference call. Investors will focus on automotive and industrial demand, margins, silicon-carbide adoption and forward guidance. The company’s prior quarter delivered $0.74 in EPS on $1.60 billion of revenue, while current-year analyst consensus is $3.20 EPS. onsemi to Announce Third Quarter Financial Results
• Negative Sentiment: Insider-selling overhang: Quiver data shows onsemi insiders have reported four open-market transactions in the past six months, all sales, including approximately 90,000 shares sold by CFO Trent Thad. This is not necessarily fundamental evidence of weakness, but it may temper sentiment.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.