Truist Financial Cuts onsemi (NASDAQ:ON) Price Target to $75.00

onsemi (NASDAQ:ON) had its price objective trimmed by Truist Financial from $91.00 to $75.00 in a research report released on Friday, Marketbeat reports. The brokerage currently has a hold rating on the semiconductor company’s stock.

ON has been the topic of several other research reports. Susquehanna boosted their price objective on onsemi from $140.00 to $150.00 and gave the stock a “positive” rating in a research report on Thursday, July 9th. Zacks Research lowered onsemi from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. TD Cowen lowered their target price on onsemi from $110.00 to $95.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Needham & Company LLC reissued a “buy” rating and issued a $116.00 price target on shares of onsemi in a report on Thursday. Finally, Rosenblatt Securities restated a “neutral” rating and set a $85.00 price target on shares of onsemi in a research report on Thursday. 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.com, the stock has an average rating of “Moderate Buy” and an average target price of $94.76.

onsemi Price Performance

onsemi stock opened at $69.98 on Friday. onsemi has a 52 week low of $44.56 and a 52 week high of $134.92. The company’s 50 day moving average price is $79.12 and its two-hundred day moving average price is $87.45. The company has a quick ratio of 2.49, a current ratio of 3.46 and a debt-to-equity ratio of 0.51. The stock has a market cap of $27.24 billion, a P/E ratio of 44.86, a P/E/G ratio of 0.57 and a beta of 2.00.

onsemi (NASDAQ:ON) last announced its earnings results on Monday, August 3rd. The semiconductor company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.02. The firm had revenue of $1.60 billion for the quarter, compared to the consensus estimate of $1.59 billion. onsemi had a return on equity of 14.06% and a net margin of 10.17%.The company’s revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. onsemi has set its Q3 2026 guidance at 0.810-0.930 EPS. On average, equities analysts predict that onsemi will post 3.23 earnings per share for the current year.

Institutional Trading of onsemi

Several hedge funds have recently made changes to their positions in ON. Kestra Private Wealth Services LLC grew its position in onsemi by 2.8% during the first quarter. Kestra Private Wealth Services LLC now owns 4,554 shares of the semiconductor company’s stock valued at $282,000 after acquiring an additional 125 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of onsemi by 1.8% in the 1st quarter. Apollon Wealth Management LLC now owns 7,130 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 127 shares during the last quarter. Evexia Wealth LLC lifted its holdings in shares of onsemi by 1.1% in the 1st quarter. Evexia Wealth LLC now owns 13,328 shares of the semiconductor company’s stock worth $825,000 after acquiring an additional 142 shares during the last quarter. Root Financial Partners LLC boosted its stake in shares of onsemi by 42.1% in the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 149 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of onsemi by 2.7% in the 1st quarter. V Square Quantitative Management LLC now owns 5,946 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 157 shares in the last quarter. 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: onsemi said its AI data-center business is expected to more than double in 2026 and outlined a path toward approximately $11 billion in revenue by 2030. Management identified power density as a major bottleneck for AI infrastructure, potentially creating demand for onsemi’s power-management products. ON Semiconductor Says AI Data Center Business Will More Than Double in 2026
• Positive Sentiment: The company launched its Embedded Power Platform, which integrates silicon, silicon carbide and gallium nitride technologies and is designed to deliver three to five times greater power density for AI data centers and electric vehicles. Subaru is evaluating the platform and has received early engineering access, providing a potential path to future automotive design wins. Subaru Partners With onsemi To Advance Power Architecture Integration
• Positive Sentiment: Several analysts remain constructive on the long-term opportunity. Needham reiterated a Buy rating with a $116 target, while Wells Fargo maintained Overweight with an $85 target. onsemi Buy Rating Reaffirmed

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.