onsemi (NASDAQ:ON) Given New $80.00 Price Target at Citigroup

onsemi (NASDAQ:ON) had its price objective decreased by investment analysts at Citigroup from $98.00 to $80.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Citigroup‘s target price would suggest a potential upside of 12.30% from the company’s previous close.

Other research analysts also recently issued reports about the company. TD Cowen reiterated a “hold” rating and set a $75.00 target price on shares of onsemi in a research report on Tuesday. Stonex Financia upgraded shares of onsemi to a “strong-buy” rating in a research report on Wednesday, October 14th. Seaport Research Partners initiated coverage on shares of onsemi in a research note on Tuesday, September 22nd. They set a “buy” rating and a $100.00 price target on the stock. B. Riley Financial lowered their price objective on shares of onsemi from $105.00 to $97.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Susquehanna dropped their price objective on shares of onsemi from $150.00 to $120.00 and set a “positive” rating for the company in a research note on Wednesday, October 21st. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and sixteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.03.

onsemi Price Performance

Shares of NASDAQ:ON traded down $1.36 during mid-day trading on Wednesday, reaching $71.24. The stock had a trading volume of 10,701,896 shares, compared to its average volume of 10,534,641. The business’s 50 day moving average price is $74.68 and its 200 day moving average price is $82.08. onsemi has a 1 year low of $44.56 and a 1 year high of $134.92. The company has a market cap of $27.73 billion, a P/E ratio of 41.42, a price-to-earnings-growth ratio of 0.58 and a beta of 2.11. The company has a current ratio of 3.46, a quick ratio of 2.49 and a debt-to-equity ratio of 0.51.

onsemi (NASDAQ:ON) last released its quarterly earnings results on Monday, November 2nd. The semiconductor company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.02. onsemi had a return on equity of 15.61% and a net margin of 10.82%. The business had revenue of $1.72 billion during the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the business posted $0.63 EPS. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. Research analysts expect that onsemi will post 3.21 EPS for the current fiscal year.

Insider Activity

In other news, insider Sudhir Gopalswamy sold 15,578 shares of onsemi stock in a transaction that occurred on 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 completion of the transaction, the insider owned 158,177 shares in the company, valued at approximately $12,654,160. The trade was a 8.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.35% of the stock is owned by insiders.

Institutional Trading of onsemi

Several hedge funds and other institutional investors have recently bought and sold shares of ON. AlphaCore Capital LLC boosted its stake in onsemi by 93.9% during the third quarter. AlphaCore Capital LLC now owns 5,296 shares of the semiconductor company’s stock worth $407,000 after buying an additional 2,564 shares during the period. Fulcrum Asset Management LLP raised its stake in shares of onsemi by 1,398.2% in the third quarter. Fulcrum Asset Management LLP now owns 4,090 shares of the semiconductor company’s stock valued at $311,000 after acquiring an additional 3,817 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of onsemi by 8.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,334,491 shares of the semiconductor company’s stock valued at $267,026,000 after acquiring an additional 268,267 shares during the period. Beverly Hills Private Wealth LLC raised its stake in shares of onsemi by 35.6% in the third quarter. Beverly Hills Private Wealth LLC now owns 2,925 shares of the semiconductor company’s stock valued at $225,000 after acquiring an additional 768 shares during the period. Finally, University of Texas Texas AM Investment Management Co. lifted its holdings in shares of onsemi by 1,365.6% in the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 10,069 shares of the semiconductor company’s stock worth $774,000 after acquiring an additional 9,382 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: AI opportunity is expanding: AI data-center revenue jumped 175% year over year. onsemi agreed to acquire Ferric for $600 million in cash, plus up to $175 million tied to milestones, to add integrated voltage-regulator technology for AI processors. The deal lifts its 2030 AI data-center revenue target by $500 million to more than $3 billion. onsemi Ferric acquisition announcement
• Positive Sentiment: Q3 results and Q4 guidance were encouraging: onsemi reported adjusted EPS of $0.90 and revenue of $1.72 billion, with revenue up 11% year over year. Its Q4 adjusted EPS guidance of $0.95–$1.07 came in above the $0.88 consensus midpoint comparison cited in coverage, while the company also pointed to improving industrial demand and manufacturing efficiencies. onsemi earnings and guidance report
• Negative Sentiment: Automotive remains a near-term headwind: onsemi is prioritizing AI and industrial customers and has temporarily delayed some automakers’ inventory orders, signaling that auto restocking is not yet a reliable growth driver. TheStreet report on auto restocking and AI sales
• Negative Sentiment: Analyst target cuts may temper enthusiasm: Evercore, Goldman Sachs and Mizuho lowered their price targets after the results, reflecting caution about the balance between AI growth and automotive risks. The reductions may add pressure even as the targets remain above the recent trading level. Evercore analyst recommendation information

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.