ON Semiconductor (NASDAQ:ON) Rating Increased to Hold at Barclays

Barclays upgraded shares of ON Semiconductor (NASDAQ:ON) to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Several other equities research analysts also recently commented on ON. JPMorgan Chase & Co. lifted their price objective on ON Semiconductor from $56.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday. Craig Hallum reaffirmed a “hold” rating on shares of ON Semiconductor in a report on Tuesday. Morgan Stanley boosted their price objective on shares of ON Semiconductor from $55.00 to $56.00 and gave the company an “equal weight” rating in a report on Monday, November 24th. Cfra restated a “buy” rating and set a $64.00 price objective on shares of ON Semiconductor in a research report on Tuesday, November 4th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $60.00 target price on shares of ON Semiconductor in a research report on Tuesday. Twelve research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $64.19.

ON Semiconductor Price Performance

Shares of NASDAQ ON opened at $72.21 on Thursday. The firm has a market cap of $28.45 billion, a P/E ratio of 212.39, a PEG ratio of 0.75 and a beta of 1.56. ON Semiconductor has a twelve month low of $31.04 and a twelve month high of $73.63. The company has a quick ratio of 3.54, a current ratio of 4.52 and a debt-to-equity ratio of 0.39. The company has a 50 day moving average of $59.65 and a 200 day moving average of $53.42.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business posted $0.95 EPS. The company’s revenue was down 11.2% compared to the same quarter last year. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. As a group, research analysts expect that ON Semiconductor will post 2.6 EPS for the current fiscal year.

ON Semiconductor declared that its board has initiated a share repurchase program on Tuesday, November 18th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to buy up to 32.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity at ON Semiconductor

In other ON Semiconductor news, CFO Trent Thad sold 60,000 shares of the company’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $71.22, for a total value of $4,273,200.00. Following the completion of the sale, the chief financial officer owned 339,460 shares in the company, valued at $24,176,341.20. This represents a 15.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $73.02, for a total transaction of $1,460,400.00. Following the completion of the sale, the chief executive officer directly owned 1,015,610 shares of the company’s stock, valued at $74,159,842.20. This represents a 1.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 100,000 shares of company stock valued at $6,834,600 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ON. Private Trust Co. NA lifted its holdings in shares of ON Semiconductor by 72.8% in the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after buying an additional 220 shares in the last quarter. CVA Family Office LLC lifted its stake in ON Semiconductor by 83.7% in the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 215 shares in the last quarter. Root Financial Partners LLC boosted its holdings in shares of ON Semiconductor by 42.1% during 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 during the last quarter. Quent Capital LLC purchased a new position in shares of ON Semiconductor during the third quarter valued at about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of ON Semiconductor by 68.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 235 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.

Key Stories Impacting ON Semiconductor

Here are the key news stories impacting ON Semiconductor this week:

• Positive Sentiment: Q4 results beat EPS expectations, management highlighted record free cash flow and the board authorized an incremental $6.0B repurchase program — a structural support for the share price and a likely driver of momentum buying. Onsemi Is Near a Breakout—And Free Cash Flow Could Fuel It
• Positive Sentiment: Several analysts raised targets or issued supportive notes after the quarter (JPMorgan, Truist, Rosenblatt among others), which can attract institutional buying and underpin upside. JPMorgan Increases ON Semiconductor Price Target to $70
• Neutral Sentiment: Barclays initiated coverage with an Equal‑weight rating — increases coverage/liquidity but is not a directional endorsement. Barclays initiates ON Semiconductor coverage
• Neutral Sentiment: Analyst views are mixed overall (some raises, some trims) — that produces two‑way flows and makes the stock sensitive to near‑term execution updates. Seeking Alpha: ON Semiconductor – Reiterate Buy Upon Correction
• Negative Sentiment: Insider selling by senior executives this week — CEO Hassane El‑Khoury and CFO Trent Thad sold sizable blocks (20k and 60k shares respectively). Large insider disposals can weigh on sentiment and prompt short‑term selling. ON Semiconductor CEO Hassane El‑Khoury Sells 20,000 Shares
• Negative Sentiment: Top‑line remains pressured: revenue declined year‑over‑year and management flagged execution/market risks — investors will be watching whether revenue recovery accelerates to justify the current premium valuation. Q4 2025 earnings call transcript

ON Semiconductor Company Profile

ON Semiconductor, which operates under the onsemi brand, is a global supplier of semiconductor components and related solutions. The company designs, manufactures and sells a broad portfolio that includes power and analog devices, discrete components, sensors and custom mixed-signal products. Its offerings are used to manage, convert and sense electrical power and signals across a wide range of electronic systems.

ON Semiconductor serves customers in key end markets such as automotive, industrial, cloud power and communications, as well as consumer and computing applications.