onsemi’s (ON) “Buy” Rating Reaffirmed at Needham & Company LLC

by · The Cerbat Gem

onsemi (NASDAQ:ON – Get Free Report)‘s stock had its “buy” rating reaffirmed by analysts at Needham & Company LLC in a research note issued to investors on Thursday, Benzinga reports. They currently have a $116.00 target price on the semiconductor company’s stock. Needham & Company LLC’s price target would indicate a potential upside of 74.17% from the company’s previous close.

Several other equities analysts also recently weighed in on ON. B. Riley Financial reduced their target price on onsemi from $135.00 to $127.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Robert W. Baird lifted their price target on onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a report on Tuesday, August 4th. Weiss Ratings raised shares of onsemi from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 7th. Evercore reiterated an “outperform” rating and set a $137.00 price objective on shares of onsemi in a report on Friday, June 26th. Finally, Cantor Fitzgerald lowered their target price on shares of onsemi from $110.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday. Fifteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.64.

Get Our Latest Research Report on onsemi

onsemi Stock Performance

NASDAQ:ON opened at $66.60 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.46 and a quick ratio of 2.49. The firm has a market cap of $25.93 billion, a PE ratio of 42.69, a P/E/G ratio of 0.60 and a beta of 2.00. The firm has a 50 day simple moving average of $80.23 and a 200-day simple moving average of $87.41. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92.

onsemi (NASDAQ:ON – Get Free Report) last issued its quarterly earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $1.59 billion. During the same period in the previous year, the firm posted $0.53 EPS. 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. On average, equities analysts expect that onsemi will post 3.23 EPS for the current year.

Institutional Investors Weigh In On onsemi

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC raised its holdings in shares of onsemi by 42.1% in the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after purchasing an additional 149 shares during the period. SHP Wealth Management purchased a new stake in shares of onsemi during the 4th quarter worth about $32,000. Ascentis Independent Advisors acquired a new stake in onsemi during the 1st quarter worth approximately $36,000. Deseret Mutual Benefit Administrators raised its holdings in onsemi by 28.2% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 728 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 160 shares during the period. Finally, Clearstead Advisors LLC raised its holdings in onsemi by 180.4% in the fourth quarter. Clearstead Advisors LLC now owns 1,113 shares of the semiconductor company’s stock valued at $60,000 after buying an additional 716 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

onsemi News Summary

Here are the key news stories impacting onsemi this week:

  • Positive Sentiment: onsemi launched its Embedded Power Platform (EPP), which integrates silicon, silicon carbide and gallium nitride devices in a wafer-level package. The company says the architecture could deliver three to five times higher power density, lower power losses and faster development for AI data centers, electric vehicles and industrial systems. onsemi Introduces the Embedded Power Platform
  • Positive Sentiment: Subaru entered a strategic technology engagement to evaluate EPP for future electrified vehicles, giving onsemi an early design partner and potential validation for its automotive strategy. Sampling is expected to begin in 2026. Subaru to Evaluate onsemi’s Embedded Power Platform
  • Neutral Sentiment: Management outlined a potential $213 billion addressable market by 2030 across automotive, industrial, AI data centers and automation, with a strategy centered on higher-value system solutions rather than individual components. However, the opportunity remains long term and forward-looking, with limited evidence yet of customer revenue, production commitments or financial targets. onsemi Charts Path to Power the Next Decade of Innovation
  • Negative Sentiment: Investors appeared disappointed that Investor Day emphasized ambitious technology and market projections rather than immediate earnings growth, concrete customer commitments or detailed financial milestones. The reaction suggests the market wanted clearer proof that EPP can translate into near-term revenue and margin expansion.

About onsemi

(Get Free Report)

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.

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