Needham & Company LLC Cuts onsemi (NASDAQ:ON) Price Target to $116.00

onsemi (NASDAQ:ON) had its price target lowered by Needham & Company LLC from $130.00 to $116.00 in a research report report published on Tuesday, Marketbeat.com reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other analysts have also issued reports about the stock. Zacks Research lowered shares of onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. JPMorgan Chase & Co. increased their target price on shares of onsemi from $70.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Stifel Nicolaus raised their target price on shares of onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of onsemi in a report on Tuesday, May 5th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $110.00 price target on shares of onsemi in a research report on Friday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, onsemi presently has a consensus rating of “Hold” and an average price target of $100.62.

onsemi Trading Up 1.8%

NASDAQ ON opened at $78.33 on Tuesday. onsemi has a one year low of $44.56 and a one year high of $134.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.14 and a current ratio of 3.46. The company has a market capitalization of $30.49 billion, a price-to-earnings ratio of 50.21, a price-to-earnings-growth ratio of 0.64 and a beta of 2.03. The company’s 50-day simple moving average is $101.49 and its two-hundred day simple moving average is $85.45.

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 return on equity of 14.06% and a net margin of 10.17%.The company had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. onsemi’s revenue was up 9.2% on a year-over-year basis. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. Equities analysts forecast that onsemi will post 3.2 EPS for the current fiscal year.

Hedge Funds Weigh In On onsemi

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Contravisory Investment Management Inc. acquired a new stake in onsemi in the 2nd quarter worth approximately $1,553,000. Arista Wealth Management LLC acquired a new position in onsemi during the 2nd quarter valued at approximately $284,000. Everhart Financial Group Inc. raised its holdings in shares of onsemi by 6.6% in the second quarter. Everhart Financial Group Inc. now owns 5,627 shares of the semiconductor company’s stock worth $532,000 after buying an additional 348 shares during the last quarter. Quantum Financial Advisors LLC purchased a new position in shares of onsemi in the second quarter worth $242,000. Finally, Strategic Investment Solutions Inc. IL lifted its stake in shares of onsemi by 12.4% during the second quarter. Strategic Investment Solutions Inc. IL now owns 2,943 shares of the semiconductor company’s stock worth $278,000 after buying an additional 325 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi reported second-quarter revenue of $1.60 billion and adjusted earnings of $0.74 per share, exceeding consensus estimates of $1.59 billion and $0.72, respectively. Revenue grew 9.2% year over year, and management guided for third-quarter EPS of $0.81 to $0.93, supporting expectations for continued earnings growth.
• Positive Sentiment: Management highlighted accelerating demand tied to AI infrastructure and data centers, including opportunities for power-management and intelligent-sensing products. Analysts also pointed to improving cyclical conditions and AI-related momentum as potential catalysts for the stock. ON Semiconductor rises after solid Q2
• Positive Sentiment: Zacks upgraded ON to a Rank #2, or “Buy,” citing improving earnings prospects. ON Semiconductor upgraded to Buy
• Neutral Sentiment: Analyst sentiment remains divided. Citigroup reduced its price target to $98 from $120 while maintaining a Neutral rating; TD Cowen kept a Hold rating with a $95 target, and Rosenblatt reaffirmed Neutral. These targets remain above the current trading level but signal limited conviction in a rapid recovery. onsemi receives new Citigroup price target
• Negative Sentiment: Analysts continue to flag weakness in onsemi’s automotive and industrial businesses, partially offsetting stronger data-center demand. Several firms, including Needham, Wells Fargo and B. Riley, issued cautious or pessimistic outlooks, reinforcing concerns about the pace and durability of the recovery.

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.