Rosenblatt Securities Boosts onsemi (NASDAQ:ON) Price Target to $85.00

Key Points

• Rosenblatt Securities raised its price target on onsemi to $85.00 (from $60.00) but kept a "neutral" rating, a target that still implies roughly a 16.7% downside versus the stock's current price; the Street consensus is a "Hold" with a $71.27 average target.
• onsemi beat Q1 estimates (revenue ≈ $1.51B and non‑GAAP EPS $0.64 vs. $0.61 est.), provided stronger Q2 EPS guidance (0.650–0.770) and repurchased about $346M of stock, underpinning the recovery thesis in automotive and data‑center demand.
• Insiders have been net sellers recently (146,114 shares worth ~$11.3M in the last three months, including CEO and CFO sales), even as large institutions like Norges Bank, Two Sigma and Marshall Wace built sizeable positions and institutional ownership stands at ~97.7%.

onsemi (NASDAQ:ON - Get Free Report) had its target price lifted by stock analysts at Rosenblatt Securities from $60.00 to $85.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the semiconductor company's stock. Rosenblatt Securities' price objective would suggest a potential downside of 16.70% from the company's current price.

Other analysts have also issued research reports about the stock. Evercore restated an "outperform" rating on shares of onsemi in a research note on Wednesday, January 7th. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $60.00 price objective on shares of onsemi in a research note on Tuesday, February 10th. Citigroup lifted their price objective on shares of onsemi from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Tuesday, February 10th. Piper Sandler upped their target price on shares of onsemi from $65.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, February 10th. Finally, Barclays started coverage on onsemi in a research note on Thursday, February 12th. They set an "equal weight" rating and a $75.00 price target for the company. Fourteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, onsemi presently has a consensus rating of "Hold" and a consensus target price of $71.27.

onsemi Stock Performance

Shares of ON opened at $102.04 on Tuesday. onsemi has a one year low of $37.19 and a one year high of $105.00. The company has a market cap of $40.14 billion, a PE ratio of 300.13, a P/E/G ratio of 1.05 and a beta of 1.94. The stock has a 50-day moving average of $69.72 and a 200-day moving average of $60.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98.

onsemi (NASDAQ:ON - Get Free Report) last posted its quarterly earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share for the quarter, topping analysts' consensus estimates of $0.61 by $0.03. onsemi had a return on equity of 12.22% and a net margin of 2.02%.The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the prior year, the business earned $0.55 EPS. The firm'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. On average, equities research analysts predict that onsemi will post 2.9 EPS for the current fiscal year.

Insider Activity at onsemi

In other onsemi news, 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 sale, the chief executive officer owned 1,015,610 shares of the company's stock, valued at $74,159,842.20. The trade was a 1.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Trent Thad sold 30,000 shares of the stock in a transaction on Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total value of $2,790,000.00. Following the sale, the chief financial officer owned 301,194 shares in the company, valued at approximately $28,011,042. This represents a 9.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 146,114 shares of company stock worth $11,282,308. Company insiders own 0.35% of the company's stock.

Institutional Trading of onsemi

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

Trending Headlines about 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

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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