onsemi's (ON) Hold Rating Reaffirmed at Truist Financial

Key Points

• Truist Financial reaffirmed its Hold rating on onsemi and raised its price target to $101 (from $66), a level that implies roughly a 3% downside from the stock’s prior close.
• onsemi beat Q1 estimates—reporting $0.64 EPS vs. $0.61 expected and ~$1.51B revenue—and provided stronger-than-expected Q2 guidance ($0.650–0.770 EPS) while repurchasing about $346M of stock.
• Analyst consensus remains a Hold (15 buys, 15 holds, 1 sell) with an average target of $78.31; the shares trade near $104 with a very high P/E (~306) and recent insider sales, underscoring potential volatility.

onsemi (NASDAQ:ON - Get Free Report)'s stock had its "hold" rating restated by Truist Financial in a report released on Tuesday,Benzinga reports. They presently have a $101.00 price objective on the semiconductor company's stock, up from their prior price objective of $66.00. Truist Financial's price target would suggest a potential downside of 3.04% from the stock's previous close.

ON has been the subject of several other research reports. Evercore reiterated an "outperform" rating on shares of onsemi in a research report on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of onsemi in a research report on Tuesday. Barclays initiated coverage on shares of onsemi in a research report on Thursday, February 12th. They set an "equal weight" rating and a $75.00 target price for the company. Robert W. Baird upped their target price on shares of onsemi from $56.00 to $100.00 and gave the company a "neutral" rating in a research report on Tuesday. Finally, UBS Group reiterated a "neutral" rating on shares of onsemi in a research report on Monday, February 2nd. Fifteen analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $78.31.

onsemi Trading Up 2.1%

ON stock traded up $2.13 during trading on Tuesday, hitting $104.17. The company had a trading volume of 5,669,690 shares, compared to its average volume of 9,192,966. 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 50-day moving average price of $69.72 and a 200-day moving average price of $60.97. onsemi has a 12 month low of $37.19 and a 12 month high of $105.58. The stock has a market cap of $40.97 billion, a price-to-earnings ratio of 306.52, a PEG 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 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. onsemi had a net margin of 2.02% and a return on equity of 12.22%. The firm had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.49 billion. During the same quarter in the previous year, the company posted $0.55 EPS. onsemi's revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, analysts predict that onsemi will post 2.9 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On onsemi

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CVA Family Office LLC boosted its stake in onsemi by 83.7% in the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 215 shares during the period. Root Financial Partners LLC boosted its stake in onsemi by 42.1% in the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company's stock worth $27,000 after purchasing an additional 149 shares during the period. DV Equities LLC acquired a new position in onsemi in the 4th quarter worth $30,000. Deseret Mutual Benefit Administrators boosted its stake in shares of onsemi by 62.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company's stock worth $28,000 after buying an additional 218 shares during the last quarter. Finally, Quent Capital LLC acquired a new position in shares of onsemi during the 3rd quarter worth about $28,000. 97.70% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting onsemi

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

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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