Robert W. Baird Issues Positive Forecast for onsemi (NASDAQ:ON) Stock Price

Key Points

• Robert W. Baird raised its price target on onsemi from $56 to $100 while maintaining a "neutral" rating, a target that implies about a 2% downside from the stock's current ~$102 price.
• onsemi beat Q1 estimates with $0.64 EPS on $1.51B revenue and issued Q2 guidance of $0.65–$0.77 EPS, while repurchasing roughly $346M of stock—signs management cites as supporting a recovery thesis.
• Analyst sentiment is mixed (average rating "Hold" with a $71.27 average price target; 14 Buys, 15 Holds, 1 Sell), institutional investors have significantly increased positions, and insiders have recently sold shares, adding to near-term volatility and valuation scrutiny.

onsemi (NASDAQ:ON - Get Free Report) had its target price lifted by Robert W. Baird from $56.00 to $100.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a "neutral" rating on the semiconductor company's stock. Robert W. Baird's target price indicates a potential downside of 2.00% from the stock's current price.

A number of other brokerages have also issued reports on ON. Craig Hallum reiterated a "hold" rating on shares of onsemi in a report on Tuesday, February 10th. Needham & Company LLC increased their price target on onsemi from $68.00 to $72.00 and gave the stock a "buy" rating in a research report on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of onsemi in a report on Tuesday, February 10th. Wall Street Zen raised shares of onsemi from a "hold" rating to a "buy" rating in a research note on Monday, April 13th. Finally, Mizuho cut their target price on shares of onsemi from $72.00 to $70.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 10th. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $71.27.

onsemi Stock Down 1.0%

NASDAQ ON opened at $102.04 on Tuesday. onsemi has a 52 week low of $37.19 and a 52 week high of $105.00. The firm has a market capitalization of $40.14 billion, a price-to-earnings ratio of 300.13, a PEG ratio of 1.05 and a beta of 1.94. 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 company has a fifty day moving average of $69.72 and a two-hundred day moving average of $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, topping analysts' consensus estimates 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 period in the previous year, the company earned $0.55 EPS. The firm's revenue for the quarter was up 4.7% compared to the same quarter last year. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. On average, analysts predict that onsemi will post 2.9 earnings per share for the current year.

Insider Buying and Selling at onsemi

In other onsemi news, CEO Hassane El-Khoury sold 20,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $74,159,842.20. This trade represents a 1.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Sudhir Gopalswamy sold 6,114 shares of the stock in a transaction that occurred 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 of the company's stock, valued at $10,205,235.81. The trade was a 3.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 146,114 shares of company stock worth $11,282,308. 0.35% of the stock is owned by insiders.

Institutional Trading of onsemi

Large investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of onsemi in the fourth quarter worth about $330,885,000. Two Sigma Investments LP raised its position in onsemi by 636.1% during the 3rd 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 last quarter. Rafferty Asset Management LLC lifted 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 valued at $305,943,000 after acquiring an additional 2,072,125 shares during the period. Marshall Wace LLP lifted its stake in onsemi by 23,784.8% during 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 period. Finally, Alliancebernstein L.P. increased its stake in shares of onsemi by 312.8% in the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company's stock worth $105,401,000 after acquiring an additional 1,523,866 shares during the period. Hedge funds and other institutional investors own 97.70% of the company's stock.

Key Headlines 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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