onsemi (NASDAQ:ON) Stock Price Expected to Rise, Mizuho Analyst Says

Key Points

• Mizuho raised its price target on onsemi from $130 to $150 and kept an outperform rating, implying about 20% upside from the prior close.
• The stock has seen broad analyst support, with several firms lifting targets or improving ratings; MarketBeat’s consensus rating is Moderate Buy with an average target price of $92.
• onsemi’s latest earnings beat estimates, with EPS of $0.64 and revenue of $1.51 billion, while the company also issued Q2 guidance and continues to benefit from strong interest tied to semiconductors, AI, EVs, and industrial demand.

onsemi (NASDAQ:ON - Get Free Report) had its price objective upped by stock analysts at Mizuho from $130.00 to $150.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the semiconductor company's stock. Mizuho's target price would suggest a potential upside of 20.11% from the stock's previous close.

A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. increased their price target on onsemi from $70.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday, May 5th. Citigroup increased their price target on onsemi from $68.00 to $100.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Zacks Research raised onsemi from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 6th. B. Riley Financial raised onsemi from a "neutral" rating to a "buy" rating and set a $115.00 price target on the stock in a research report on Thursday, April 23rd. Finally, Craig Hallum reaffirmed a "hold" rating on shares of onsemi in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $92.00.

onsemi Price Performance

ON opened at $124.89 on Thursday. The stock's 50-day moving average price is $85.98 and its 200 day moving average price is $68.13. onsemi has a 12-month low of $41.49 and a 12-month high of $129.13. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. The firm has a market cap of $48.94 billion, a price-to-earnings ratio of 88.58, a PEG ratio of 1.13 and a beta of 1.94.

onsemi (NASDAQ:ON - Get Free Report) last posted its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.03. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. onsemi had a return on equity of 12.79% and a net margin of 9.46%.onsemi's revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, sell-side analysts expect that onsemi will post 3.09 earnings per share for the current year.

Insider Activity

In other news, CFO Trent Thad sold 30,000 shares of the firm's stock in a transaction dated Thursday, April 23rd. The stock was 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Sudhir Gopalswamy sold 6,114 shares of the firm's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $58.67, for a total value of $358,708.38. Following the sale, the insider directly owned 173,943 shares in the company, valued at $10,205,235.81. This trade represents a 3.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 66,114 shares of company stock worth $5,548,708 in the last three months. Corporate insiders own 0.35% of the company's stock.

Institutional Investors Weigh In On onsemi

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Janus Henderson Group PLC raised its position in shares of 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 acquiring an additional 1,345,894 shares in the last quarter. Ameriprise Financial Inc. grew its stake in onsemi by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company's stock worth $639,716,000 after buying an additional 877,533 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in onsemi by 8.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company's stock worth $360,828,000 after buying an additional 474,725 shares during the last quarter. Norges Bank purchased a new position in onsemi during the 4th quarter worth approximately $330,885,000. Finally, Rafferty Asset Management LLC grew its stake in onsemi by 55.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company's stock worth $305,943,000 after buying an additional 2,072,125 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

Trending Headlines about onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: Bank of America raised its price target on onsemi to $138 and maintained a Buy rating, signaling more upside from current levels. Benzinga
• Positive Sentiment: Investors are also buying into a broader semiconductor rally, helped by upbeat AI and chip-sector sentiment that lifted onsemi alongside peers. onsemi (ON) Stock Trades Up, Here Is Why
• Positive Sentiment: Analyst and investor chatter continues to frame onsemi as a play on EVs, renewables, automation and AI data-center power needs, which supports the stock’s elevated valuation. Prediction: Buying ON Semiconductor Stock Today Could Set You Up for Life
• Neutral Sentiment: Recent commentary notes that onsemi’s gains have been driven partly by sympathy with the semiconductor rally rather than a new company-specific announcement, so some of the move may be momentum-driven.
• Negative Sentiment: One analysis argued the stock may be extended after a sharp multi-month run and suggested the rally could be losing momentum, increasing the risk of profit-taking. 3 Stocks Rallying on Micron's Price Boost: Substance or Hype?

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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