Wells Fargo & Company Issues Pessimistic Forecast for onsemi (NASDAQ:ON) Stock Price

onsemi (NASDAQ:ON) had its price target decreased by equities researchers at Wells Fargo & Company from $130.00 to $110.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the semiconductor company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 32.58% from the company’s previous close.

A number of other brokerages have also issued reports on ON. Mizuho reduced their price target on onsemi from $150.00 to $125.00 and set an “outperform” rating for the company in a research report on Wednesday, July 1st. Rosenblatt Securities restated a “neutral” rating and set a $85.00 price objective on shares of onsemi in a research note on Tuesday. Susquehanna upped their price objective on shares of onsemi from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Thursday, July 9th. Morgan Stanley raised their target price on shares of onsemi from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Finally, UBS Group restated a “neutral” rating and set a $95.00 price target on shares of onsemi in a research report on Monday, June 29th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $101.20.

onsemi Stock Performance

ON opened at $82.97 on Tuesday. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average is $104.28 and its 200-day moving average is $85.07. The stock has a market cap of $32.52 billion, a PE ratio of 58.55, a price-to-earnings-growth ratio of 0.90 and a beta of 2.03. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92.

onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same period in the prior year, the company posted $0.53 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, analysts predict that onsemi will post 3.09 earnings per share for the current year.

Institutional Investors Weigh In On onsemi

Institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC boosted its position in shares of onsemi by 42.1% during the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 149 shares in the last quarter. DV Equities LLC bought a new stake in shares of onsemi in the 4th quarter worth approximately $30,000. Ascentis Independent Advisors acquired a new stake in onsemi during the first quarter valued at approximately $36,000. SHP Wealth Management acquired a new stake in onsemi during the fourth quarter valued at approximately $32,000. Finally, Summit Securities Group LLC boosted its holdings in 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 buying an additional 464 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: AI demand is the main catalyst. Management said revenue from AI data-center applications is expected to more than double in 2026, prompting the company to prioritize data-center customers and shift some capacity away from automotive clients. ON Semiconductor shifts capacity to AI data centers
• Positive Sentiment: Q2 results exceeded expectations. Adjusted EPS was $0.74 versus the $0.72 consensus, while revenue rose 9.2% year over year to $1.60 billion, slightly above estimates. GAAP net income increased to $226.8 million from $170.3 million a year earlier. onsemi Reports Second Quarter 2026 Results
• Positive Sentiment: Cash generation and shareholder returns improved. Free cash flow reached $425.4 million, roughly quadrupling year over year, while onsemi repurchased $332 million of stock during the quarter.
• Positive Sentiment: Third-quarter guidance was broadly constructive. The company forecast adjusted EPS of $0.81-$0.93 and revenue of approximately $1.65-$1.75 billion, with the revenue midpoint slightly above consensus. New product and strategic developments include the GaNEXUS gallium-nitride power portfolio, expanded participation in NVIDIA’s MGX ecosystem and a planned Synaptics acquisition.
• Neutral Sentiment: Analyst views remain mixed. Baird raised its price target to $108 but retained a Neutral rating; Needham lowered its target to $116 while keeping a Buy rating; and Rosenblatt reaffirmed Neutral with an $85 target. The differing views reflect optimism about AI-related growth but concern over competition and the pace of the broader semiconductor recovery. ON Semi analyst price target changes
• Negative Sentiment: Insider selling may temper sentiment. Company insiders have reported only open-market sales over the past six months, including transactions by the CFO, CEO and other senior executives.

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.