B. Riley Financial Cuts onsemi (NASDAQ:ON) Price Target to $127.00

onsemi (NASDAQ:ON) had its target price trimmed by B. Riley Financial from $135.00 to $127.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Other equities research analysts also recently issued reports about the company. Wells Fargo & Company lowered their price target on onsemi from $130.00 to $110.00 and set an “overweight” rating on the stock in a research report on Tuesday. Zacks Research cut onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Susquehanna raised their target price on onsemi from $140.00 to $150.00 and gave the company a “positive” rating in a report on Thursday, July 9th. Robert W. Baird lifted their price target on onsemi from $100.00 to $108.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Truist Financial reiterated a “hold” rating and set a $101.00 price target (up from $66.00) on shares of onsemi in a report on Tuesday, May 5th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $100.62.

onsemi Trading Up 1.8%

Shares of ON stock opened at $78.33 on Tuesday. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92. The company has a market cap of $30.49 billion, a PE ratio of 50.21, a price-to-earnings-growth ratio of 0.64 and a beta of 2.03. The company has a quick ratio of 3.14, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. The business’s 50 day moving average is $101.49 and its two-hundred day moving average is $85.45.

onsemi (NASDAQ:ON) last issued its quarterly earnings data 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 net margin of 10.17% and a return on equity of 14.06%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the previous year, the company earned $0.53 earnings per share. onsemi’s revenue for the quarter 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 predict that onsemi will post 3.2 EPS for the current year.

Hedge Funds Weigh In On onsemi

Several institutional investors and hedge funds have recently added to or reduced their stakes in ON. Janus Henderson Group PLC lifted its position in shares of onsemi by 10.9% in 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 during the period. Ameriprise Financial Inc. increased its position in shares of onsemi by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock valued at $639,716,000 after purchasing an additional 877,533 shares during the period. Norges Bank bought a new stake in shares of onsemi during the fourth quarter valued at approximately $330,885,000. Rafferty Asset Management LLC raised its stake in shares of onsemi by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after purchasing an additional 2,072,125 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its position in onsemi by 15.5% in the first quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock worth $284,495,000 after purchasing an additional 615,905 shares during the period. 97.70% of the stock is currently owned by institutional investors.

More onsemi News

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.

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.