onsemi (NASDAQ:ON) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo & Company raised its price target on onsemi (NASDAQ:ON) from $90 to $115 and kept an "overweight" rating, implying about a 12.7% upside from the then-current price.
• onsemi beat Q1 estimates with $1.51B revenue and $0.64 EPS, issued stronger Q2 guidance of $0.65–$0.77 EPS, and repurchased roughly $346M of stock, supporting the company's recovery thesis.
• Market signals are mixed: the consensus rating is "Hold" with an average target near $76.96, while recent insider selling (~146,114 shares) and a high valuation (PE ~298) raise the risk of short-term volatility.

onsemi (NASDAQ:ON - Get Free Report) had its target price boosted by equities research analysts at Wells Fargo & Company from $90.00 to $115.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an "overweight" rating on the semiconductor company's stock. Wells Fargo & Company's price objective points to a potential upside of 12.66% from the stock's current price.

Other equities analysts have also issued reports about the company. Benchmark lowered onsemi from a "buy" rating to a "hold" rating in a research note on Tuesday, February 10th. Bank of America upgraded onsemi from a "neutral" rating to a "buy" rating and lifted their price target for the company from $70.00 to $85.00 in a research report on Monday, April 13th. Barclays initiated coverage on onsemi in a report on Thursday, February 12th. They set an "equal weight" rating and a $75.00 price objective for the company. Cantor Fitzgerald reiterated a "neutral" rating and set a $60.00 target price on shares of onsemi in a research report on Tuesday, February 10th. Finally, TD Cowen reissued a "buy" rating on shares of onsemi in a research note on Tuesday, February 10th. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $76.96.

onsemi Stock Performance

NASDAQ ON opened at $102.08 on Tuesday. onsemi has a 1 year low of $37.19 and a 1 year high of $105.00. 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 stock has a market capitalization of $40.15 billion, a PE ratio of 298.39, a P/E/G ratio of 1.05 and a beta of 1.94. The company's 50 day simple moving average is $69.72 and its two-hundred day simple moving average is $60.97.

onsemi (NASDAQ:ON - Get Free Report) last released its quarterly 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 firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.49 billion. onsemi had a net margin of 2.02% and a return on equity of 12.22%. During the same period in the previous year, the business earned $0.55 EPS. The business's revenue for the quarter was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Analysts predict that onsemi will post 2.9 earnings per share for the current fiscal year.

Insider Activity at onsemi

In related news, CEO Hassane El-Khoury sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the sale, the chief executive officer owned 1,015,610 shares in the company, valued at $74,159,842.20. The trade was a 1.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Trent Thad sold 60,000 shares of the company's stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $71.22, for a total value of $4,273,200.00. Following the completion of the sale, the chief financial officer directly owned 339,460 shares of the company's stock, valued at approximately $24,176,341.20. This represents a 15.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 146,114 shares of company stock valued at $11,282,308. Corporate insiders own 0.35% of the company's stock.

Institutional Trading of onsemi

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in onsemi during the fourth quarter valued at about $330,885,000. Two Sigma Investments LP increased its holdings in shares of onsemi by 636.1% in the third quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company's stock worth $184,900,000 after buying an additional 3,240,375 shares during the period. Rafferty Asset Management LLC lifted its stake in shares of onsemi by 55.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company's stock valued at $305,943,000 after acquiring an additional 2,072,125 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of onsemi by 23,784.8% in the 4th quarter. Marshall Wace LLP now owns 1,716,122 shares of the semiconductor company's stock valued at $92,928,000 after acquiring an additional 1,708,937 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its holdings in onsemi by 312.8% during the 2nd quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company's stock valued at $105,401,000 after acquiring an additional 1,523,866 shares during the period. 97.70% of the stock is owned by institutional investors.

onsemi News Summary

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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