onsemi (NASDAQ:ON) Stock Rating Reaffirmed as “Hold” by TD Cowen

onsemi (NASDAQ:ON)‘s stock had its “hold” rating reissued by equities researchers at TD Cowen in a report issued on Tuesday, Benzinga reports. They currently have a $75.00 target price on the semiconductor company’s stock. TD Cowen‘s target price suggests a potential upside of 1.72% from the stock’s current price.

A number of other research firms have also weighed in on ON. Sanford C. Bernstein reiterated an “outperform” rating and set a $62.00 target price on shares of onsemi in a report on Wednesday, August 12th. Truist Financial decreased their price target on shares of onsemi from $91.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, September 18th. Craig Hallum upgraded onsemi from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Tuesday. Rosenblatt Securities dropped their target price on shares of onsemi from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, UBS Group reiterated a “neutral” rating on shares of onsemi in a report on Thursday, September 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and fifteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $91.81.

onsemi Price Performance

NASDAQ ON traded up $3.62 on Tuesday, reaching $73.73. 3,768,543 shares of the company’s stock traded hands, compared to its average volume of 10,489,184. 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 current ratio of 3.46 and a quick ratio of 2.49. The stock has a 50-day simple moving average of $74.67 and a 200 day simple moving average of $82.02. The stock has a market cap of $28.70 billion, a PE ratio of 47.31, a P/E/G ratio of 0.62 and a beta of 2.05.

onsemi (NASDAQ:ON) last issued its earnings results on Monday, November 2nd. The semiconductor company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.02. onsemi had a net margin of 10.17% and a return on equity of 14.06%. The company had revenue of $1.72 billion for the quarter, compared to analysts’ expectations of $1.71 billion. During the same quarter last year, the company earned $0.63 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. As a group, research analysts predict that onsemi will post 3.21 earnings per share for the current year.

Insider Buying and Selling at onsemi

In related news, insider Sudhir Gopalswamy sold 15,578 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $80.00, for a total value of $1,246,240.00. Following the completion of the transaction, the insider owned 158,177 shares of the company’s stock, valued at approximately $12,654,160. This represents a 8.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On onsemi

A number of institutional investors have recently added to or reduced their stakes in the stock. CenterBook Partners LP grew its stake in onsemi by 162.4% during the third quarter. CenterBook Partners LP now owns 187,420 shares of the semiconductor company’s stock valued at $14,407,000 after acquiring an additional 115,987 shares in the last quarter. Alta Advisers Ltd purchased a new stake in onsemi during the third quarter valued at approximately $225,000. Kestra Advisory Services LLC raised its holdings in onsemi by 13.5% during the 3rd quarter. Kestra Advisory Services LLC now owns 16,911 shares of the semiconductor company’s stock valued at $1,300,000 after buying an additional 2,006 shares during the period. Chicago Partners Investment Group LLC lifted its holdings in shares of onsemi by 33.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,555 shares of the semiconductor company’s stock worth $763,000 after acquiring an additional 2,631 shares during the last quarter. Finally, Rakuten Investment Management Inc. lifted its holdings in shares of onsemi by 12.9% in the 3rd quarter. Rakuten Investment Management Inc. now owns 129,575 shares of the semiconductor company’s stock worth $9,841,000 after acquiring an additional 14,771 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting onsemi

Here are the key news stories impacting onsemi this week:

• Positive Sentiment: AI growth outlook strengthened: onsemi agreed to acquire Ferric for $600 million in cash, plus up to $175 million in contingent consideration. The deal adds integrated voltage-regulator technology for next-generation AI processors and raises the company’s 2030 AI data-center revenue target by $500 million to more than $3 billion. onsemi to Acquire Ferric
• Positive Sentiment: Quarterly results topped expectations: third-quarter adjusted EPS was $0.90 versus the $0.88 consensus, while revenue rose 11.1% year over year to approximately $1.72 billion, slightly ahead of estimates. Cash flow also improved, with operating cash flow up 23% and free cash flow up 31%. onsemi Reports Third Quarter 2026 Results
• Positive Sentiment: Fourth-quarter guidance was above consensus at the midpoint: onsemi forecast adjusted EPS of $0.95-$1.07 and revenue of $1.7-$1.8 billion, compared with analyst estimates of $0.96 EPS and $1.7 billion in revenue. Why Is ON Semiconductor Stock Gaining Tuesday?
• Neutral Sentiment: Analyst sentiment was mixed: Craig Hallum upgraded onsemi from Hold to Buy with an $85 target, while Cantor Fitzgerald maintained Neutral with a $90 target. These targets remain above the current trading level but indicate continued debate over the pace of recovery.
• Negative Sentiment: Rosenblatt Securities lowered its price target from $85 to $80 and retained a Neutral rating. Investors also initially focused on the possibility that the earnings beat and AI opportunity were not large enough to fully justify elevated expectations. onsemi Q3 results and Ferric deal

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.