Citigroup Cuts onsemi (NASDAQ:ON) Price Target to $98.00

onsemi (NASDAQ:ON) had its price objective cut by Citigroup from $120.00 to $98.00 in a report published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the semiconductor company’s stock.

A number of other equities analysts have also recently issued reports on the company. Susquehanna upped their price objective on onsemi from $140.00 to $150.00 and gave the stock a “positive” rating in a report on Thursday, July 9th. Stifel Nicolaus raised their price objective on onsemi from $90.00 to $107.00 and gave the company a “hold” rating in a report on Wednesday, June 24th. Wells Fargo & Company dropped their target price on onsemi from $130.00 to $110.00 and set an “overweight” rating for the company in a research report on Tuesday. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $85.00 target price on shares of onsemi in a research note on Tuesday. Finally, Robert W. Baird increased their price target on shares of onsemi from $100.00 to $108.00 and gave the company a “neutral” rating in a research report on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $100.62.

onsemi Stock Performance

onsemi stock opened at $81.17 on Wednesday. onsemi has a fifty-two week low of $44.56 and a fifty-two week high of $134.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 3.14 and a current ratio of 3.46. The stock has a market cap of $31.60 billion, a P/E ratio of 52.03, a price-to-earnings-growth ratio of 0.64 and a beta of 2.03. The firm’s fifty day moving average price is $100.70 and its 200-day moving average price is $85.42.

onsemi (NASDAQ:ON) last announced its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.02. The company had revenue of $1.60 billion during 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 firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, equities research analysts expect that onsemi will post 3.23 earnings per share for the current fiscal year.

Hedge Funds Weigh In On onsemi

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Contravisory Investment Management Inc. bought a new stake in onsemi in the second quarter valued at approximately $1,553,000. Arista Wealth Management LLC purchased a new stake in shares of onsemi during the second quarter valued at approximately $284,000. Everhart Financial Group Inc. grew its holdings in shares of onsemi by 6.6% in the second quarter. Everhart Financial Group Inc. now owns 5,627 shares of the semiconductor company’s stock worth $532,000 after purchasing an additional 348 shares during the last quarter. Quantum Financial Advisors LLC bought a new position in shares of onsemi in the second quarter worth approximately $242,000. Finally, Strategic Investment Solutions Inc. IL increased its stake in shares of onsemi by 12.4% in the second quarter. Strategic Investment Solutions Inc. IL now owns 2,943 shares of the semiconductor company’s stock worth $278,000 after buying an additional 325 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: Optimism around onsemi’s earnings outlook supported the stock after Zacks upgraded the company to a No. 2 (Buy) ranking. The upgrade reflects expectations for improving earnings momentum following the company’s recent quarterly results. ON Semiconductor Corp. Moves to Buy
• Positive Sentiment: Investor interest is also being supported by onsemi’s strategy to become a broader physical-AI and robotics supplier, including technologies for intelligent sensing and power management. A MarketBeat analysis argued that this expansion could create a longer-term growth opportunity beyond the company’s traditional automotive exposure. The AI Chip Stock Making a Quiet Move Toward Dominance
• Positive Sentiment: Some analysts remain constructive: Citigroup set a $98 price target, while a separate analysis raised its valuation target after onsemi’s second-quarter report. The company recently exceeded quarterly EPS and revenue expectations and issued third-quarter EPS guidance of $0.81 to $0.93. onsemi Given New $98 Price Target
• Neutral Sentiment: Analyst sentiment remains mixed. TD Cowen reiterated a Hold rating with a $95 target, while Rosenblatt maintained a Neutral rating, suggesting that data-center strength is being offset by softer automotive and industrial demand. ON Semiconductor Hold Rating Reiterated
• Negative Sentiment: Several firms reduced or maintained cautious targets, including Mizuho’s cut to $110 and pessimistic outlooks from Wells Fargo, B. Riley and Needham. Analysts cited broader semiconductor-sector concerns and uneven recovery in automotive and industrial markets. Why Wall Street Cut ON Semiconductor’s Price Target

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.