onsemi's (ON) Neutral Rating Reaffirmed at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald reaffirmed its “neutral” rating on onsemi and set a $110 price target, implying approximately 33% upside from the stock’s $82.66 opening price.
• Analyst sentiment remains mixed but leans moderately positive: 15 analysts rate onsemi a Buy and 15 rate it a Hold, producing a consensus “Moderate Buy” rating and an average target of $97.04.
• onsemi exceeded quarterly expectations with $0.74 EPS and $1.60 billion in revenue, up 9.2% year over year, while guiding for third-quarter 2026 EPS of $0.81–$0.93. However, its elevated P/E ratio of about 53 and share price below the 50-day moving average may pose valuation risks.

onsemi (NASDAQ:ON - Get Free Report)'s stock had its "neutral" rating reiterated by stock analysts at Cantor Fitzgerald in a research note issued on Monday,Benzinga reports. They currently have a $110.00 target price on the semiconductor company's stock. Cantor Fitzgerald's target price would suggest a potential upside of 33.08% from the company's current price.

Several other analysts also recently commented on the stock. B. Riley Financial dropped their price objective on shares of onsemi from $135.00 to $127.00 and set a "buy" rating on the stock in a report on Tuesday, August 4th. Rosenblatt Securities reaffirmed a "neutral" rating and set a $85.00 price target on shares of onsemi in a research report on Tuesday, August 4th. Needham & Company LLC lowered their target price on onsemi from $130.00 to $116.00 and set a "buy" rating on the stock in a research note on Tuesday, August 4th. Evercore reiterated an "outperform" rating and set a $137.00 price target on shares of onsemi in a research report on Friday, June 26th. Finally, Jefferies Financial Group upped their price objective on onsemi from $73.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $97.04.

onsemi Price Performance

Shares of NASDAQ ON opened at $82.66 on Monday. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. The company has a market cap of $32.18 billion, a PE ratio of 52.99, a P/E/G ratio of 0.68 and a beta of 2.03. The business has a 50-day simple moving average of $96.21 and a two-hundred day simple moving average of $86.30.

onsemi (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.02. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The company had revenue of $1.60 billion during the quarter, compared to analysts' expectations of $1.59 billion. During the same period last year, the business earned $0.53 EPS. onsemi's revenue for the quarter was up 9.2% on a year-over-year basis. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, equities analysts expect that onsemi will post 3.23 EPS for the current fiscal year.

Institutional Investors Weigh In On onsemi

Several institutional investors and hedge funds have recently added to or reduced their stakes in ON. Janus Henderson Group PLC lifted its holdings in onsemi by 10.9% during the first quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company's stock valued at $848,392,000 after purchasing an additional 1,345,894 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of onsemi by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company's stock worth $639,716,000 after purchasing an additional 877,533 shares in the last quarter. Norges Bank acquired a new position in shares of onsemi during the 4th quarter worth about $330,885,000. Rafferty Asset Management LLC raised its position in shares of 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 purchasing an additional 2,072,125 shares during the last quarter. Finally, Pictet Asset Management Holding SA lifted its stake in onsemi by 15.5% in the 1st quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company's stock valued at $284,495,000 after buying an additional 615,905 shares in the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: The company’s latest reported quarter showed improving fundamentals: earnings per share came in at $0.74 versus the $0.72 consensus estimate, while revenue reached $1.60 billion, up 9.2% year over year. Management also issued third-quarter 2026 EPS guidance of $0.81–$0.93. onsemi stock and earnings information
• Neutral Sentiment: Recent headlines focused on unrelated companies, including biotechnology, retail, energy, and quantum-computing developments, and do not provide a direct catalyst for onsemi.
• Negative Sentiment: Despite the earnings beat, onsemi remains below its 50-day moving average of $96.21 and trades at a relatively elevated P/E ratio of about 53, leaving the shares vulnerable to valuation-driven selling if semiconductor momentum cools.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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