Truist Financial Issues Pessimistic Forecast for onsemi (NASDAQ:ON) Stock Price

onsemi (NASDAQ:ON) had its price target decreased by stock analysts at Truist Financial from $91.00 to $75.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s price objective points to a potential upside of 8.38% from the stock’s previous close.

Several other equities research analysts also recently weighed in on ON. Needham & Company LLC reissued a “buy” rating and set a $116.00 price objective on shares of onsemi in a report on Thursday. Stifel Nicolaus dropped their target price on onsemi from $90.00 to $75.00 and set a “hold” rating for the company in a research report on Thursday. B. Riley Financial cut their price target on onsemi from $135.00 to $127.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Bank of America boosted their price target on onsemi from $115.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $62.00 price objective on shares of onsemi in a report on Wednesday, August 12th. Fifteen equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the stock. According to MarketBeat, onsemi currently has an average rating of “Moderate Buy” and an average target price of $94.76.

onsemi Price Performance

Shares of onsemi stock traded up $0.90 during midday trading on Friday, hitting $69.20. 4,806,861 shares of the company traded hands, compared to its average volume of 10,410,768. The firm’s fifty day moving average price is $79.64 and its 200-day moving average price is $87.42. The stock has a market cap of $26.94 billion, a price-to-earnings ratio of 44.38, a PEG ratio of 0.55 and a beta of 2.00. onsemi has a 12 month low of $44.56 and a 12 month high of $134.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.49 and a current ratio of 3.46.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.59 billion. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the business posted $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. As a group, sell-side analysts forecast that onsemi will post 3.23 earnings per share for the current year.

Hedge Funds Weigh In On onsemi

Hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC increased its holdings in onsemi by 42.1% during 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 in the last quarter. SHP Wealth Management bought a new position in shares of onsemi in the fourth quarter valued at approximately $32,000. Ascentis Independent Advisors purchased a new position in shares of onsemi during the first quarter valued at approximately $36,000. Deseret Mutual Benefit Administrators grew its holdings in onsemi by 28.2% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 728 shares of the semiconductor company’s stock worth $39,000 after buying an additional 160 shares in the last quarter. Finally, Clearstead Advisors LLC grew its holdings in onsemi by 180.4% during the fourth quarter. Clearstead Advisors LLC now owns 1,113 shares of the semiconductor company’s stock worth $60,000 after buying an additional 716 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi introduced 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 up to three-to-five times higher power density, lower losses and faster development for AI infrastructure and electric vehicles. Sampling is expected to begin in 2026. onsemi Introduces the Embedded Power Platform
• Positive Sentiment: Subaru entered a strategic technology engagement to evaluate EPP for future electrified vehicles. Although this is an evaluation rather than a commercial contract, it provides early customer validation and could support future automotive design wins. Subaru to Evaluate onsemi’s Embedded Power Platform
• Positive Sentiment: Management outlined a potential $213 billion total addressable market by 2030 spanning automotive, industrial, AI data centers and physical AI. onsemi also said its AI data-center business is expected to more than double in 2026, strengthening the longer-term growth narrative. onsemi Charts Path to Power the Next Decade of Innovation
• Positive Sentiment: Needham reaffirmed a Buy rating with a $116 price target, while Wells Fargo maintained Overweight despite reducing its target to $85. These targets imply analysts see substantial recovery potential after the recent selloff. onsemi Buy Rating Reaffirmed
• Neutral Sentiment: Unusually high call-option activity suggests some traders are positioning for a rebound, but options flow is speculative and does not confirm improving fundamentals.
• Negative Sentiment: The prior Investor Day triggered a sharp selloff because investors viewed onsemi’s long-term outlook and growth targets as insufficient relative to expectations. Stifel, Cantor Fitzgerald and other firms lowered price targets, with some retaining Neutral or Hold ratings. onsemi’s 2030 Outlook Falls Short

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.