Wells Fargo & Company Cuts onsemi (NASDAQ:ON) Price Target to $110.00

onsemi (NASDAQ:ON) had its price target cut by Wells Fargo & Company from $130.00 to $110.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

A number of other research analysts also recently weighed in on the company. Morgan Stanley raised their price objective on onsemi from $85.00 to $87.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. Needham & Company LLC lowered their price target on onsemi from $130.00 to $116.00 and set a “buy” rating on the stock in a report on Tuesday. Roth Capital reissued a “buy” rating on shares of onsemi in a research report on Tuesday, May 5th. Stifel Nicolaus raised their target price on shares of onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a research note on Wednesday, June 24th. Finally, TD Cowen dropped their target price on shares of onsemi from $110.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Fourteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $100.62.

onsemi Stock Up 1.8%

onsemi stock opened at $78.33 on Tuesday. The company has a current ratio of 3.46, a quick ratio of 3.14 and a debt-to-equity ratio of 0.51. onsemi has a 1-year low of $44.56 and a 1-year high of $134.92. The firm’s fifty day simple moving average is $101.49 and its 200-day simple moving average is $85.45. The company has a market capitalization of $30.49 billion, a P/E ratio of 50.21, a P/E/G ratio of 0.64 and a beta of 2.03.

onsemi (NASDAQ:ON) last issued its quarterly earnings data on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) 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 firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.59 billion. During the same period in the prior year, the company posted $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. Sell-side analysts forecast that onsemi will post 3.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On onsemi

Several institutional investors have recently bought and sold shares of ON. Root Financial Partners LLC boosted its stake in onsemi by 42.1% in the fourth 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. DV Equities LLC acquired a new stake in shares of onsemi in the fourth quarter valued at $30,000. SHP Wealth Management acquired a new stake in shares of onsemi in the fourth quarter valued at $32,000. Summit Securities Group LLC raised its holdings in shares of onsemi by 346.3% in the fourth quarter. Summit Securities Group LLC now owns 598 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 464 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in onsemi during the 2nd quarter worth about $32,000. Institutional investors own 97.70% of the company’s stock.

Trending Headlines about onsemi

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.