TD Cowen Cuts onsemi (NASDAQ:ON) Price Target to $95.00

onsemi (NASDAQ:ON) had its target price reduced by stock analysts at TD Cowen from $110.00 to $95.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price objective indicates a potential upside of 4.57% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Zacks Research downgraded onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Rosenblatt Securities upped their target price on onsemi from $60.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Citigroup upped their target price on onsemi from $100.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, June 15th. Barclays increased their target price on onsemi from $75.00 to $100.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 6th. Finally, Mizuho cut their price target on shares of onsemi from $150.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, July 1st. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, onsemi presently has an average rating of “Hold” and a consensus price target of $102.64.

onsemi Price Performance

Shares of onsemi stock traded down $5.11 during trading hours on Monday, reaching $90.85. The stock had a trading volume of 4,064,827 shares, compared to its average volume of 10,763,548. The stock’s 50 day moving average is $111.13 and its 200 day moving average is $81.69. The company has a current ratio of 4.87, a quick ratio of 3.14 and a debt-to-equity ratio of 0.41. onsemi has a twelve month low of $44.56 and a twelve month high of $134.92. The firm has a market capitalization of $35.60 billion, a PE ratio of 64.52, a PEG ratio of 0.85 and a beta of 2.01.

onsemi (NASDAQ:ON) last posted its earnings results on Monday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. onsemi had a return on equity of 12.79% and a net margin of 9.46%.The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same period last year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 4.7% on a year-over-year basis. onsemi has set its Q2 2026 guidance at 0.650-0.770 EPS. Equities analysts expect that onsemi will post 3.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other onsemi news, CFO Trent Thad sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, April 23rd. The stock was sold at an average price of $93.00, for a total transaction of $2,790,000.00. Following the completion of the sale, the chief financial officer directly owned 301,194 shares in the company, valued at approximately $28,011,042. The trade was a 9.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

Institutional Trading of onsemi

Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in onsemi in the 4th quarter valued at $330,885,000. Two Sigma Investments LP lifted its holdings in onsemi by 636.1% in the 3rd quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock valued at $184,900,000 after purchasing an additional 3,240,375 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in onsemi by 55.0% during the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after purchasing an additional 2,072,125 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of onsemi by 23,784.8% during the fourth quarter. Marshall Wace LLP now owns 1,716,122 shares of the semiconductor company’s stock worth $92,928,000 after buying an additional 1,708,937 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of onsemi by 312.8% in the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock valued at $105,401,000 after buying an additional 1,523,866 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Key onsemi News

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: onsemi is still getting support from a recent earnings beat, with Q1 revenue and EPS both topping expectations and Q2 guidance calling for continued profitability. The company also showed year-over-year revenue growth, which helps reinforce the longer-term turnaround narrative.
• Positive Sentiment: Recent market commentary highlighted onsemi as one of the chip names positioned to benefit from the analog and power-semiconductor cycle recovery, suggesting some investors still view the stock as a beneficiary of electrification and data-center demand.
• Neutral Sentiment: A new earnings preview notes that Wall Street expects onsemi’s second-quarter profitability to improve by double digits. That is supportive, but it is only a preview and does not change fundamentals by itself. Article Title
• Neutral Sentiment: Broader investor discussion around quantum-computing ETFs and other unrelated tech themes is unlikely to materially impact onsemi directly, but it reflects a market environment where capital is rotating across high-beta growth names.

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.