onsemi (NASDAQ:ON) Given New $87.00 Price Target at Mizuho

onsemi (NASDAQ:ON) had its price objective dropped by research analysts at Mizuho from $95.00 to $87.00 in a research report issued on Tuesday. Mizuho‘s target price suggests a potential upside of 19.83% from the stock’s previous close.

ON has been the subject of several other research reports. DA Davidson set a $110.00 price target on shares of onsemi in a report on Tuesday. Truist Financial upped their price target on shares of onsemi from $75.00 to $76.00 and gave the stock a “hold” rating in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and set a $116.00 price objective on shares of onsemi in a research note on Tuesday. Craig Hallum raised shares of onsemi from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $90.00 price objective on shares of onsemi in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and fifteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.00.

onsemi Stock Up 3.6%

Shares of onsemi stock traded up $2.49 during trading on Tuesday, hitting $72.60. 15,526,353 shares of the stock traded hands, compared to its average volume of 10,547,412. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51. The stock’s fifty day simple moving average is $74.67 and its 200 day simple moving average is $82.02. The firm has a market cap 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. onsemi has a 52-week low of $44.56 and a 52-week high of $134.92.

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, topping 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 company had revenue of $1.72 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same period in the prior year, the firm earned $0.63 earnings per share. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts predict that onsemi will post 3.21 earnings per share for the current fiscal year.

Insider Transactions at onsemi

In other onsemi news, insider Sudhir Gopalswamy sold 15,578 shares of onsemi stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $80.00, for a total value of $1,246,240.00. Following the transaction, the insider owned 158,177 shares in the company, valued at $12,654,160. The trade was a 8.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by company insiders.

Institutional Trading of onsemi

Hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC raised its stake in shares of onsemi by 10.9% during the 1st quarter. Janus Henderson Group PLC now owns 13,700,884 shares of the semiconductor company’s stock worth $848,392,000 after acquiring an additional 1,345,894 shares in the last quarter. Van ECK Associates Corp lifted its position in onsemi by 16.6% during the second quarter. Van ECK Associates Corp now owns 5,143,343 shares of the semiconductor company’s stock valued at $486,252,000 after acquiring an additional 731,540 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in onsemi by 7.4% in the third quarter. Pictet Asset Management Holding SA now owns 4,550,913 shares of the semiconductor company’s stock valued at $349,788,000 after acquiring an additional 314,203 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in onsemi by 74.8% in the second quarter. Assenagon Asset Management S.A. now owns 2,807,808 shares of the semiconductor company’s stock valued at $265,450,000 after acquiring an additional 1,201,534 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in onsemi by 6.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,442,177 shares of the semiconductor company’s stock valued at $212,997,000 after acquiring an additional 207,587 shares in the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting 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.

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.