onsemi (NASDAQ:ON) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Analyst consensus is “Moderate Buy”, split evenly between 15 buy and 15 hold ratings, with an average 12-month price target of $94.76 versus a cited share price of $75.65.
• onsemi reported quarterly EPS of $0.74, beating estimates by $0.02, while revenue of $1.60 billion exceeded forecasts and increased 9.2% year over year. The company issued third-quarter 2026 EPS guidance of $0.81–$0.93.
• Despite bullish views on its AI-infrastructure and semiconductor exposure, analyst commentary remains mixed, with several firms maintaining neutral or hold ratings and lowering price targets; shares remain below their 200-day moving average.

onsemi (NASDAQ:ON - Get Free Report) has been given a consensus rating of "Moderate Buy" by the thirty ratings firms that are currently covering the stock, MarketBeat Ratings reports. Fifteen analysts have rated the stock with a hold recommendation and fifteen have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $94.76.

ON has been the topic of several recent analyst reports. Robert W. Baird upped their price target on onsemi from $100.00 to $108.00 and gave the company a "neutral" rating in a research report on Tuesday, August 4th. UBS Group restated a "neutral" rating on shares of onsemi in a research report on Thursday, September 17th. Weiss Ratings raised onsemi from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, August 7th. Stifel Nicolaus dropped their target price on onsemi from $90.00 to $75.00 and set a "hold" rating on the stock in a report on Thursday, September 17th. Finally, Citigroup reduced their price target on shares of onsemi from $120.00 to $98.00 and set a "neutral" rating for the company in a research report on Wednesday, August 5th.

onsemi Trading Down 2.0%

onsemi stock opened at $75.65 on Tuesday. 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 firm has a market capitalization of $29.45 billion, a price-to-earnings ratio of 48.49, a P/E/G ratio of 0.63 and a beta of 2.00. The company has a 50 day moving average price of $77.25 and a 200 day moving average price of $88.03.

onsemi (NASDAQ:ON - Get Free Report) last announced its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The company's revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Research analysts forecast that onsemi will post 3.23 EPS for the current year.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Seaport Global initiated coverage of onsemi with a Buy rating, adding a new bullish view on the semiconductor manufacturer. Seaport Global initiates coverage of ON Semiconductor with buy rating
• Positive Sentiment: A 24/7 Wall St. analysis described onsemi as a potential “sleeper” AI-infrastructure beneficiary and assigned a 12-month price target of $95.90, implying meaningful upside from recently cited trading levels. The thesis supports investor optimism about onsemi’s exposure to automotive, industrial and AI-related semiconductor demand. Prediction: ON Semiconductor Could Be a Sleeper AI Infrastructure Winner
• Neutral Sentiment: The conflicting analyst commentary leaves investors weighing longer-term AI growth potential against nearer-term valuation and execution risks. onsemi’s shares remain well below their 200-day moving average, indicating that sentiment is still cautious despite recent Buy recommendations.
• Negative Sentiment: Wells Fargo cut its price target for onsemi, prompting a reported decline in the stock. A lower target can pressure the shares by signaling reduced expectations for earnings growth or valuation, particularly when investors are already focused on the company’s ability to convert AI and power-semiconductor demand into stronger results. ON Semiconductor stock falls as Wells Fargo cuts target

Institutional Investors Weigh In On onsemi

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP increased its stake in shares of onsemi by 570.3% during the 2nd quarter. Engineers Gate Manager LP now owns 304,377 shares of the semiconductor company's stock worth $28,776,000 after purchasing an additional 258,968 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its holdings in onsemi by 103.0% during the first quarter. Kornitzer Capital Management Inc. KS now owns 89,080 shares of the semiconductor company's stock valued at $5,516,000 after buying an additional 45,200 shares in the last quarter. Swiss National Bank lifted its position in shares of onsemi by 5.4% in the first quarter. Swiss National Bank now owns 1,180,800 shares of the semiconductor company's stock worth $73,115,000 after buying an additional 60,200 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of onsemi by 19.7% during the 4th quarter. Van ECK Associates Corp now owns 4,100,943 shares of the semiconductor company's stock worth $222,066,000 after acquiring an additional 674,408 shares in the last quarter. Finally, ExodusPoint Capital Management LP increased its holdings 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 valued at $36,164,000 after acquiring an additional 221,774 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

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.

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