Wells Fargo & Company Lowers onsemi (NASDAQ:ON) Price Target to $85.00

Key Points

• Wells Fargo lowered its onsemi price target from $95 to $85 while maintaining an “overweight” rating, implying 27.63% upside from the reported $66.60 share price.
• Analyst sentiment remains broadly positive: onsemi has 15 Buy and 15 Hold ratings, an overall “Moderate Buy” consensus, and an average price target of $95.24.
• Despite a 9% stock decline, onsemi exceeded quarterly earnings and revenue expectations, while institutional investors own 97.70% of shares. The company is also promoting its Embedded Power Platform for AI data centers and electric vehicles, though investors want clearer evidence of near-term financial benefits.

onsemi (NASDAQ:ON - Get Free Report) had its price objective dropped by research analysts at Wells Fargo & Company from $95.00 to $85.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has an "overweight" rating on the semiconductor company's stock. Wells Fargo & Company's price target would indicate a potential upside of 27.63% from the company's current price.

Several other brokerages have also recently weighed in on ON. Weiss Ratings raised shares of onsemi from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, August 7th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $62.00 target price on shares of onsemi in a research note on Wednesday, August 12th. Mizuho reduced their target price on onsemi from $125.00 to $110.00 and set an "outperform" rating on the stock in a report on Tuesday, August 4th. Needham & Company LLC restated a "buy" rating and set a $116.00 price target on shares of onsemi in a research report on Thursday. Finally, Truist Financial set a $40.00 price target on onsemi in a report on Wednesday, August 12th. Fifteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $95.24.

onsemi Stock Down 9.0%

Shares of NASDAQ ON opened at $66.60 on Thursday. onsemi has a 52-week low of $44.56 and a 52-week high of $134.92. 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 business has a fifty day moving average of $80.23 and a two-hundred day moving average of $87.41. The stock has a market cap of $25.93 billion, a PE ratio of 42.69, a PEG ratio of 0.60 and a beta of 2.00.

onsemi (NASDAQ:ON - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm'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. As a group, equities research analysts expect that onsemi will post 3.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On onsemi

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in onsemi by 10.9% during the 1st quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company's stock worth $848,392,000 after purchasing an additional 1,345,894 shares during the last quarter. Norges Bank acquired a new position in shares of onsemi in the 4th quarter valued at $330,885,000. Van ECK Associates Corp increased its position in shares of onsemi by 16.6% in the 2nd quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company's stock valued at $486,252,000 after buying an additional 731,540 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in onsemi by 15.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company's stock worth $284,495,000 after buying an additional 615,905 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in onsemi by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 3,442,177 shares of the semiconductor company's stock worth $212,997,000 after acquiring an additional 207,587 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi launched its Embedded Power Platform (EPP), which integrates silicon, silicon carbide and gallium nitride devices in a wafer-level package. The company says the architecture could deliver three to five times higher power density, lower power losses and faster development for AI data centers, electric vehicles and industrial systems. onsemi Introduces the Embedded Power Platform
• Positive Sentiment: Subaru entered a strategic technology engagement to evaluate EPP for future electrified vehicles, giving onsemi an early design partner and potential validation for its automotive strategy. Sampling is expected to begin in 2026. Subaru to Evaluate onsemi’s Embedded Power Platform
• Neutral Sentiment: Management outlined a potential $213 billion addressable market by 2030 across automotive, industrial, AI data centers and automation, with a strategy centered on higher-value system solutions rather than individual components. However, the opportunity remains long term and forward-looking, with limited evidence yet of customer revenue, production commitments or financial targets. onsemi Charts Path to Power the Next Decade of Innovation
• Negative Sentiment: Investors appeared disappointed that Investor Day emphasized ambitious technology and market projections rather than immediate earnings growth, concrete customer commitments or detailed financial milestones. The reaction suggests the market wanted clearer proof that EPP can translate into near-term revenue and margin expansion.

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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