onsemi’s (ON) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of onsemi (NASDAQ:ON) in a research report released on Thursday morning,Benzinga reports. The brokerage currently has a $116.00 price objective on the semiconductor company’s stock.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings raised onsemi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Evercore reiterated an “outperform” rating and issued a $137.00 target price on shares of onsemi in a report on Friday, June 26th. Wells Fargo & Company cut their target price on onsemi from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Thursday, September 3rd. Robert W. Baird raised their price target on onsemi from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $62.00 price objective on shares of onsemi in a research report on Wednesday, August 12th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.76.

onsemi Price Performance

ON stock opened at $69.98 on Thursday. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. The firm has a market capitalization of $27.24 billion, a P/E ratio of 44.86, a price-to-earnings-growth ratio of 0.57 and a beta of 2.00. The company has a fifty day simple moving average of $79.12 and a two-hundred day simple moving average of $87.30. The company has a quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51.

onsemi (NASDAQ:ON) last posted its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share 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 firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same period in the previous year, the firm posted $0.53 EPS. The business’s quarterly revenue was up 9.2% on a year-over-year basis. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Analysts anticipate that onsemi will post 3.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On onsemi

Institutional investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC raised its stake in shares of onsemi by 2.8% during the first quarter. Kestra Private Wealth Services LLC now owns 4,554 shares of the semiconductor company’s stock valued at $282,000 after acquiring an additional 125 shares in the last quarter. Apollon Wealth Management LLC grew its stake in onsemi by 1.8% in the first quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company’s stock worth $441,000 after purchasing an additional 127 shares in the last quarter. Evexia Wealth LLC grew its stake in onsemi by 1.1% in the first quarter. Evexia Wealth LLC now owns 13,328 shares of the semiconductor company’s stock worth $825,000 after purchasing an additional 142 shares in the last quarter. Root Financial Partners LLC increased its holdings in onsemi by 42.1% during 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. Finally, V Square Quantitative Management LLC increased its holdings in onsemi by 2.7% during the 1st quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock worth $368,000 after purchasing an additional 157 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

More onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi said its AI data-center business is expected to more than double in 2026 and outlined a path toward approximately $11 billion in revenue by 2030. Management identified power density as a major bottleneck for AI infrastructure, potentially creating demand for onsemi’s power-management products. ON Semiconductor Says AI Data Center Business Will More Than Double in 2026
• Positive Sentiment: The company launched its Embedded Power Platform, which integrates silicon, silicon carbide and gallium nitride technologies and is designed to deliver three to five times greater power density for AI data centers and electric vehicles. Subaru is evaluating the platform and has received early engineering access, providing a potential path to future automotive design wins. Subaru Partners With onsemi To Advance Power Architecture Integration
• Positive Sentiment: Several analysts remain constructive on the long-term opportunity. Needham reiterated a Buy rating with a $116 target, while Wells Fargo maintained Overweight with an $85 target. onsemi Buy Rating Reaffirmed

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.