Mizuho Issues Positive Forecast for onsemi (NASDAQ:ON) Stock Price

Key Points

• Mizuho raised its price target on onsemi from $70 to $120 and kept an "outperform" rating, implying about a 17.6% upside; analyst views are mixed overall with a consensus target of $76.96 (14 Buys, 15 Holds, 1 Sell).
• Fundamentals: onsemi beat Q1 estimates and set Q2 EPS guidance of $0.65–$0.77 while repurchasing roughly $346M of stock, but the shares trade at a rich valuation (P/E ~298) and recent insider selling signals potential volatility despite the encouraging results.

onsemi (NASDAQ:ON - Get Free Report) had its target price boosted by stock analysts at Mizuho from $70.00 to $120.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an "outperform" rating on the semiconductor company's stock. Mizuho's price objective would suggest a potential upside of 17.56% from the company's previous close.

Several other research firms also recently issued reports on ON. Robert W. Baird lifted their price target on onsemi from $56.00 to $100.00 and gave the company a "neutral" rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of onsemi in a research report on Tuesday, February 10th. Citigroup lifted their target price on onsemi from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Tuesday, February 10th. Susquehanna boosted their target price on onsemi from $100.00 to $120.00 and gave the company a "positive" rating in a research note on Tuesday. Finally, Barclays began coverage on onsemi in a research report on Thursday, February 12th. They set an "equal weight" rating and a $75.00 price target for the company. Fourteen analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, onsemi has an average rating of "Hold" and a consensus target price of $76.96.

onsemi Stock Up 0.0%

Shares of ON stock opened at $102.08 on Tuesday. onsemi has a 12-month low of $37.19 and a 12-month high of $105.00. The company has a quick ratio of 2.98, a current ratio of 4.52 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average of $69.72 and a 200-day moving average of $60.97. The company has a market capitalization of $40.15 billion, a price-to-earnings ratio of 298.39, a P/E/G ratio of 1.05 and a beta of 1.94.

onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.49 billion. onsemi had a net margin of 2.02% and a return on equity of 12.22%. The firm's revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, equities research analysts predict that onsemi will post 2.9 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Hassane El-Khoury sold 20,000 shares of the company's stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $73.02, for a total transaction of $1,460,400.00. Following the sale, the chief executive officer owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. This represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sudhir Gopalswamy sold 6,114 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the transaction, the insider directly owned 173,943 shares of the company's stock, valued at $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 146,114 shares of company stock worth $11,282,308 in the last quarter. Corporate insiders own 0.35% of the company's stock.

Institutional Investors Weigh In On onsemi

A number of institutional investors and hedge funds have recently made changes to their positions in ON. CVA Family Office LLC boosted its holdings in shares of onsemi by 83.7% in the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company's stock valued at $26,000 after buying an additional 215 shares during the last quarter. Root Financial Partners LLC increased its holdings in onsemi by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company's stock worth $27,000 after buying an additional 149 shares during the last quarter. Quent Capital LLC bought a new stake in onsemi during the third quarter worth $28,000. Migdal Insurance & Financial Holdings Ltd. raised its position in onsemi by 68.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company's stock worth $28,000 after acquiring an additional 235 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its stake in onsemi by 62.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 218 shares during the last quarter. Institutional investors own 97.70% of the company's stock.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Q1 results beat Wall Street: onsemi reported Q1 revenue of ~$1.513B and non-GAAP EPS of $0.64, topping analyst estimates and showing year-over-year revenue growth. onsemi Reports First Quarter 2026 Results
• Positive Sentiment: Stronger-than-expected Q2 guidance: management gave EPS guidance (0.650–0.770) and revenue guidance with a midpoint above consensus, citing resilient automotive and data‑center demand. That underpins the recovery thesis. Chipmaker Onsemi forecasts quarterly revenue above estimates on resilient auto demand
• Positive Sentiment: Capital return and buybacks: the company repurchased about $346M of stock in the quarter, supporting shareholder value and reducing float. onsemi Reports First Quarter 2026 Results
• Neutral Sentiment: Demand mix: management and press coverage point to strengthening AI/data‑center and automotive (SiC) demand — positive structurally but still early in the recovery, so cadence matters. ON Semiconductor Narrows 1Q Loss on AI Data-Center Demand
• Neutral Sentiment: Operational caveats: inventory levels rose and margins remain volatile even as revenue improves — monitor inventories and margin trend in coming quarters. onsemi NASDAQ: ON Beats Q1 Sales Targets But Inventory Levels Increase
• Negative Sentiment: Shares pulled back despite the beat: after the report some trading showed profit-taking and the stock slipped in premarket/after-hours — a sign investor expectations were very high going into the print. ON Semiconductor Beats Estimates but Shares Slip in Premarket Trading
• Negative Sentiment: Valuation and skepticism: some analysts retain caution (noting technology gaps and execution risk) and the stock’s rich multiples increase sensitivity to any execution miss. Expect volatility until results consistently prove the recovery. ON Semiconductor: Neutral Stance Maintained as Technology Gaps Temper Recovery Despite Higher $100 Price Target

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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