Needham & Company LLC Issues Positive Forecast for onsemi (NASDAQ:ON) Stock Price

Key Points

• Needham & Company raised its price target on onsemi to $110 (from $72) and kept a "buy" rating, implying about 7.8% upside
• onsemi beat Q1 estimates (EPS $0.64 vs. $0.61; revenue $1.51B vs. $1.49B), issued stronger-than-expected Q2 EPS guidance of $0.65–$0.77, and repurchased roughly $346M of stock.
• Company insiders sold shares in the quarter (CFO sold 30,000 shares) and insiders trimmed ownership by 146,114 shares overall, while institutional investors hold about 97.7% of the stock.

onsemi (NASDAQ:ON - Get Free Report) had its price objective boosted by research analysts at Needham & Company LLC from $72.00 to $110.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Needham & Company LLC's price target would indicate a potential upside of 7.80% from the company's current price.

A number of other equities research analysts have also issued reports on ON. Rosenblatt Securities upped their price objective on shares of onsemi from $60.00 to $85.00 and gave the company a "neutral" rating in a report on Tuesday. Weiss Ratings reiterated a "sell (d+)" rating on shares of onsemi in a report on Wednesday, April 29th. UBS Group reiterated a "neutral" rating on shares of onsemi in a report on Monday, February 2nd. Bank of America upgraded shares of onsemi from a "neutral" rating to a "buy" rating and lifted their target price for the company from $70.00 to $85.00 in a report on Monday, April 13th. Finally, Evercore restated an "outperform" rating on shares of onsemi in a report on Wednesday, January 7th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, onsemi presently has a consensus rating of "Hold" and a consensus target price of $71.27.

onsemi Stock Performance

ON opened at $102.04 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98. The firm has a fifty day moving average price of $69.72 and a 200 day moving average price of $60.97. The stock has a market cap of $40.14 billion, a P/E ratio of 300.13, a P/E/G ratio of 1.05 and a beta of 1.94. onsemi has a 1 year low of $37.19 and a 1 year high of $105.00.

onsemi (NASDAQ:ON - Get Free Report) last issued its earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. The business had revenue of $1.51 billion during 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 company's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Equities research analysts anticipate that onsemi will post 2.9 earnings per share for the current year.

Insiders Place Their Bets

In other onsemi news, CFO Trent Thad sold 30,000 shares of the firm's stock in a transaction that occurred on Thursday, April 23rd. The shares were sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the sale, the chief financial officer owned 301,194 shares of the company's stock, valued at approximately $28,011,042. This trade represents a 9.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of onsemi stock in a transaction on Friday, March 13th. The shares were sold at an average price of $58.67, for a total transaction of $358,708.38. Following the completion of the transaction, the insider directly owned 173,943 shares in the company, valued at $10,205,235.81. The trade was a 3.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 146,114 shares of company stock valued at $11,282,308. 0.35% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On onsemi

A number of institutional investors have recently modified their holdings of ON. CVA Family Office LLC increased 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 acquiring an additional 215 shares during the period. Root Financial Partners LLC increased its holdings in shares of onsemi by 42.1% in the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 149 shares during the period. Quent Capital LLC acquired a new position in shares of onsemi in the 3rd quarter valued at $28,000. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of onsemi by 68.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company's stock valued at $28,000 after acquiring an additional 235 shares during the period. Finally, Deseret Mutual Benefit Administrators increased its holdings in shares of onsemi by 62.3% in the 3rd 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 period. 97.70% of the stock is owned by institutional investors and hedge funds.

onsemi News Roundup

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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