onsemi's (ON) Hold Rating Reiterated at TD Cowen

Key Points

• TD Cowen reiterated its Hold rating on onsemi and maintained a $75 price target, implying roughly 1.72% upside from the prior close. Overall analyst sentiment remains “Moderate Buy,” with a consensus target of $91.81.
• onsemi reported third-quarter EPS of $0.90, ahead of the $0.88 consensus, while revenue increased 11.1% year over year to approximately $1.72 billion. Fourth-quarter guidance was also above consensus at the midpoint.
• The company agreed to acquire Ferric for $600 million in cash plus potential additional consideration, strengthening its power-delivery technology for AI processors and raising its 2030 AI data-center revenue target to more than $3 billion.

onsemi (NASDAQ:ON - Get Free Report)'s stock had its "hold" rating reiterated by equities research analysts at TD Cowen in a report released on Tuesday, Benzinga reports. They currently have a $75.00 price target on the semiconductor company's stock. TD Cowen's target price suggests a potential upside of 1.72% from the company's previous close.

A number of other research firms have also commented on ON. Stonex Financia raised onsemi to a "strong-buy" rating in a report on Wednesday, October 14th. Cantor Fitzgerald reissued a "neutral" rating and set a $90.00 price objective on shares of onsemi in a report on Tuesday. Mizuho cut their target price on onsemi from $110.00 to $95.00 and set an "outperform" rating for the company in a research note on Thursday, September 17th. UBS Group reaffirmed a "neutral" rating on shares of onsemi in a report on Thursday, September 17th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $116.00 price target on shares of onsemi in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and fifteen have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $91.81.

onsemi Stock Performance

onsemi stock traded up $3.62 during midday trading on Tuesday, reaching $73.73. The stock had a trading volume of 3,768,543 shares, compared to its average volume of 10,489,184. The firm has a market capitalization of $28.70 billion, a PE ratio of 47.31, a P/E/G ratio of 0.62 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 quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. The firm's 50-day moving average price is $74.67 and its 200 day moving average price is $82.02.

onsemi (NASDAQ:ON - Get Free Report) last released its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The company had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.71 billion. During the same period last year, the firm earned $0.63 EPS. onsemi's revenue for the quarter was up 11.1% on a year-over-year basis. As a group, research analysts predict that onsemi will post 3.21 earnings per share for the current fiscal year.

Insider Buying and Selling at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the company's stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total value of $1,246,240.00. Following the transaction, the insider owned 158,177 shares of the company's stock, valued at approximately $12,654,160. This represents a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.35% of the company's stock.

Institutional Investors Weigh In On onsemi

Large investors have recently added to or reduced their stakes in the business. CenterBook Partners LP grew its position in onsemi by 162.4% in the third quarter. CenterBook Partners LP now owns 187,420 shares of the semiconductor company's stock worth $14,407,000 after acquiring an additional 115,987 shares in the last quarter. Alta Advisers Ltd bought a new position in onsemi in the third quarter valued at $225,000. Kestra Advisory Services LLC increased its stake in onsemi by 13.5% in the third quarter. Kestra Advisory Services LLC now owns 16,911 shares of the semiconductor company's stock valued at $1,300,000 after acquiring an additional 2,006 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in onsemi by 33.2% during the third quarter. Chicago Partners Investment Group LLC now owns 10,555 shares of the semiconductor company's stock valued at $763,000 after purchasing an additional 2,631 shares in the last quarter. Finally, Rakuten Investment Management Inc. raised its position in onsemi by 12.9% during the third quarter. Rakuten Investment Management Inc. now owns 129,575 shares of the semiconductor company's stock valued at $9,841,000 after purchasing an additional 14,771 shares in the last quarter. Institutional investors own 97.70% of the company's stock.

Trending Headlines about onsemi

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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