Needham & Company LLC Issues Positive Forecast for onsemi (NASDAQ:ON) Stock Price

onsemi (NASDAQ:ON) had its price target lifted by equities research analysts at Needham & Company LLC from $110.00 to $130.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price indicates a potential upside of 9.48% from the stock’s current price.

A number of other research firms also recently weighed in on ON. Wall Street Zen raised onsemi from a “hold” rating to a “buy” rating in a research report on Monday, April 13th. Roth Mkm reaffirmed a “buy” rating on shares of onsemi in a report on Tuesday, May 5th. Bank of America raised their price objective on onsemi from $115.00 to $138.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Wells Fargo & Company boosted their price objective on onsemi from $115.00 to $140.00 and gave the company an “overweight” rating in a research report on Tuesday, June 9th. Finally, Morgan Stanley upped their target price on onsemi from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $99.56.

onsemi Stock Up 2.6%

ON opened at $118.74 on Friday. The business has a 50 day moving average of $110.31 and a 200-day moving average of $78.75. The stock has a market capitalization of $46.53 billion, a price-to-earnings ratio of 84.21, a P/E/G ratio of 1.03 and a beta of 1.97. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92.

onsemi (NASDAQ:ON) last announced its earnings results on Monday, May 4th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.49 billion. onsemi had a net margin of 9.46% and a return on equity of 12.79%. onsemi’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. As a group, sell-side analysts anticipate that onsemi will post 3.09 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Trent Thad sold 30,000 shares of the business’s 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 of the company’s stock, valued at $28,011,042. The trade was a 9.06% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is currently owned by corporate insiders.

Institutional Trading of onsemi

Several large investors have recently added to or reduced their stakes in the company. CVA Family Office LLC grew its position in onsemi by 83.7% during the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 215 shares during the last quarter. Root Financial Partners LLC boosted its stake in onsemi by 42.1% in the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 149 shares in the last quarter. DV Equities LLC acquired a new position in onsemi in the fourth quarter worth $30,000. SHP Wealth Management bought a new stake in shares of onsemi during the fourth quarter worth $32,000. Finally, Summit Securities Group LLC grew its holdings in shares of onsemi by 346.3% during the fourth quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 464 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi said the Synaptics deal expands its addressable market by $30 billion to $243 billion by 2030 and adds Edge AI, connectivity, and human-machine interface capabilities that complement its power and sensing strengths. Article Title
• Positive Sentiment: Management said the transaction is expected to be accretive to non-GAAP EPS within 18 months of closing and should generate about $200 million in annual synergies, which could support longer-term earnings power. Article Title
• Neutral Sentiment: onsemi also reaffirmed its second-quarter 2026 guidance, which suggests the company is not seeing a sudden change in its near-term operating outlook despite the acquisition announcement. Article Title
• Negative Sentiment: The deal is an all-stock transaction, so shareholders are facing dilution and a longer closing timeline, with completion not expected until mid-2027 pending approvals. Article Title
• Negative Sentiment: Some traders are also taking profits after onsemi’s strong multi-month rally, and broader semiconductor sentiment has been choppy, with investors rotating between AI beneficiaries and more cyclical chip names. Article Title

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.