onsemi (NASDAQ:ON) Stock Gets Price Target Cut from The Goldman Sachs Group

onsemi (NASDAQ:ON) had its price target cut by The Goldman Sachs Group from $95.00 to $85.00 in a research report issued on Tuesday. The Goldman Sachs Group‘s price objective suggests a potential upside of 17.08% from the company’s previous close.

A number of other analysts have also commented on ON. DA Davidson set a $110.00 price objective on onsemi in a report on Tuesday. Susquehanna dropped their target price on onsemi from $150.00 to $120.00 and set a “positive” rating on the stock in a report on Wednesday, October 21st. Zacks Research cut onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Citigroup decreased their price target on onsemi from $120.00 to $98.00 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Finally, Stifel Nicolaus increased their price target on onsemi from $75.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and fifteen have assigned a Hold rating to the stock. According to data from MarketBeat, onsemi currently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

onsemi Stock Up 3.6%

Shares of ON traded up $2.49 during trading hours on Tuesday, hitting $72.60. The stock had a trading volume of 15,526,353 shares, compared to its average volume of 10,547,412. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The firm has a market capitalization of $28.26 billion, a P/E ratio of 46.54, a price-to-earnings-growth ratio of 0.62 and a beta of 2.05. The firm has a 50 day simple moving average of $74.67 and a 200-day simple moving average of $82.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 2.49.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On onsemi

Several institutional investors have recently modified their holdings of the business. Greenleaf Trust lifted its holdings in shares of onsemi by 2.5% in the third quarter. Greenleaf Trust now owns 5,890 shares of the semiconductor company’s stock worth $453,000 after buying an additional 144 shares in the last quarter. V Square Quantitative Management LLC grew its stake in onsemi by 2.7% during the first quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock valued at $368,000 after acquiring an additional 157 shares in the last quarter. Compound Planning Inc. grew its stake in onsemi by 3.9% during the first quarter. Compound Planning Inc. now owns 4,733 shares of the semiconductor company’s stock valued at $293,000 after acquiring an additional 179 shares in the last quarter. Root Financial Partners LLC grew its stake in onsemi by 39.4% during the first quarter. Root Financial Partners LLC now owns 701 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 198 shares in the last quarter. Finally, Brookstone Capital Management increased its holdings in onsemi by 5.6% during the 3rd quarter. Brookstone Capital Management now owns 5,318 shares of the semiconductor company’s stock worth $409,000 after acquiring an additional 284 shares during the period. 97.70% of the stock is owned by institutional investors.

Trending Headlines about 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.