onsemi (NASDAQ:ON) Given New $90.00 Price Target at Evercore

onsemi (NASDAQ:ON) had its price target lowered by Evercore from $137.00 to $90.00 in a research note issued to investors on Monday.

Several other brokerages have also recently issued reports on ON. Wells Fargo & Company decreased their price objective on onsemi from $100.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday. Needham & Company LLC restated a “buy” rating and set a $116.00 target price on shares of onsemi in a research note on Tuesday. TD Cowen reaffirmed a “hold” rating and issued a $75.00 target price on shares of onsemi in a report on Tuesday. Craig Hallum upgraded shares of onsemi from a “hold” rating to a “buy” rating and lifted their price target for the stock from $60.00 to $85.00 in a research note on Tuesday. Finally, B. Riley Financial lowered their price target on shares of onsemi from $105.00 to $97.00 and set a “buy” rating for the company in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and sixteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, onsemi has a consensus rating of “Moderate Buy” and a consensus price target of $93.48.

onsemi Stock Up 3.6%

Shares of NASDAQ:ON traded up $2.49 during trading on Monday, hitting $72.60. The company’s stock had a trading volume of 15,526,524 shares, compared to its average volume of 10,547,412. The business has a 50 day moving average price of $74.67 and a two-hundred day moving average price of $82.02. The company has a market capitalization of $28.26 billion, a PE ratio of 46.54, a P/E/G ratio of 0.62 and a beta of 2.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92.

onsemi (NASDAQ:ON) last announced its quarterly earnings data on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.02. The business had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. As a group, research analysts expect that onsemi will post 3.21 EPS for the current fiscal year.

Insider Transactions at onsemi

In other news, insider Sudhir Gopalswamy sold 15,578 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $80.00, for a total transaction of $1,246,240.00. Following the completion of the transaction, the insider directly owned 158,177 shares of the company’s stock, valued at approximately $12,654,160. This represents a 8.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On onsemi

Institutional investors have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA increased its stake in onsemi by 7.4% in the third quarter. Pictet Asset Management Holding SA now owns 4,550,913 shares of the semiconductor company’s stock valued at $349,788,000 after purchasing an additional 314,203 shares during the last quarter. CenterBook Partners LP raised its holdings in onsemi by 162.4% during the third quarter. CenterBook Partners LP now owns 187,420 shares of the semiconductor company’s stock worth $14,407,000 after purchasing an additional 115,987 shares in the last quarter. Alta Advisers Ltd purchased a new stake in shares of onsemi during the 3rd quarter worth approximately $225,000. Kestra Advisory Services LLC lifted its position in shares of onsemi by 13.5% during the 3rd quarter. Kestra Advisory Services LLC now owns 16,911 shares of the semiconductor company’s stock worth $1,300,000 after buying an additional 2,006 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of onsemi by 33.2% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,555 shares of the semiconductor company’s stock worth $763,000 after buying an additional 2,631 shares during the last quarter. 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: Q3 beat estimates: onsemi reported adjusted EPS of $0.90 versus $0.88 expected and revenue of about $1.72 billion versus roughly $1.71 billion expected. Revenue rose 11% year over year, while free cash flow increased 31% to $489 million. Zacks Q3 results article
• Positive Sentiment: AI demand and Ferric acquisition: AI data-center revenue surged 175% year over year. The planned $600 million cash acquisition of Ferric, with up to $175 million in contingent payments, adds integrated voltage-regulator technology for next-generation AI processors. onsemi raised its 2030 AI data-center revenue target by $500 million to more than $3 billion. Ferric acquisition announcement
• Positive Sentiment: Q4 outlook modestly topped expectations: the company forecast EPS of $0.95–$1.07 and revenue of $1.7–$1.8 billion, with the revenue midpoint above consensus. Management also cited stronger industrial demand and manufacturing efficiencies supporting margins. Zacks earnings call highlights
• Neutral Sentiment: Analyst views remain mixed: Craig Hallum upgraded ON to Buy with an $85 target, while several firms maintained Hold or Neutral ratings. Truist raised its target slightly to $76, while B. Riley cut its target to $97 but kept a Buy rating. This reflects optimism about growth potential alongside caution about near-term execution and industry risks. Goldman Sachs rating report
• Negative Sentiment: Expectations and deal spending could limit upside: ON initially faced selling after its results despite the beats, suggesting investors may have wanted a stronger near-term outlook. The Ferric purchase also requires a substantial cash outlay, while automotive-market risks remain a concern for analysts.

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.