ON Semiconductor Corporation (NASDAQ:ON) Receives $64.19 Consensus Target Price from Analysts

Shares of ON Semiconductor Corporation (NASDAQ:ON) have been given an average rating of “Hold” by the thirty research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seventeen have assigned a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $64.1923.

ON has been the subject of a number of recent analyst reports. KeyCorp boosted their price objective on ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Mizuho lowered their target price on shares of ON Semiconductor from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Tuesday, February 10th. Williams Trading set a $60.00 price target on shares of ON Semiconductor in a research note on Tuesday, November 4th. UBS Group reissued a “neutral” rating on shares of ON Semiconductor in a research report on Monday, February 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of ON Semiconductor from $56.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 10th.

ON Semiconductor Stock Performance

NASDAQ ON opened at $69.11 on Monday. The business’s 50 day moving average price is $61.14 and its 200-day moving average price is $53.93. ON Semiconductor has a fifty-two week low of $31.04 and a fifty-two week high of $73.76. The company has a market cap of $27.23 billion, a P/E ratio of 203.27, a P/E/G ratio of 0.73 and a beta of 1.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 4.52.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.22%. The company had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. ON Semiconductor’s quarterly 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. Sell-side analysts predict that ON Semiconductor will post 2.6 earnings per share for the current year.

ON Semiconductor declared that its board has approved a stock repurchase program on Tuesday, November 18th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 32.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at ON Semiconductor

In other news, CFO Trent Thad sold 60,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the transaction, the chief financial officer owned 339,460 shares of the company’s stock, valued at approximately $24,176,341.20. This represents a 15.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the sale, the chief executive officer owned 1,015,610 shares of the company’s stock, valued at $74,159,842.20. The trade was a 1.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 100,000 shares of company stock valued at $6,834,600 over the last quarter. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On ON Semiconductor

Hedge funds and other institutional investors have recently modified their holdings of the business. Root Financial Partners LLC raised its stake in ON Semiconductor by 42.1% in the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after buying an additional 149 shares in the last quarter. Deseret Mutual Benefit Administrators raised its position in shares of ON Semiconductor by 28.2% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 728 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 160 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of ON Semiconductor by 3.3% during the 4th quarter. Parallel Advisors LLC now owns 5,847 shares of the semiconductor company’s stock worth $317,000 after purchasing an additional 189 shares during the last quarter. Cromwell Holdings LLC boosted its position in ON Semiconductor by 17.4% during the fourth quarter. Cromwell Holdings LLC now owns 1,312 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 194 shares in the last quarter. Finally, Freedom Investment Management Inc. boosted its position in ON Semiconductor by 2.6% during the second quarter. Freedom Investment Management Inc. now owns 7,853 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 196 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.

ON Semiconductor News Summary

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

• Positive Sentiment: Q4 earnings slightly beat expectations and management gave Q1 EPS guidance (0.560–0.660), helping justify the rally; the company reported $0.64 EPS vs. a $0.62 consensus. MarketBeat ON summary
• Positive Sentiment: Strong liquidity and conservative leverage: quick ratio ~2.98, current ratio ~4.52 and debt/equity ~0.39—gives ON flexibility to invest, fund growth or withstand cyclicality.
• Positive Sentiment: Technical momentum supports upside: price sits above both the 50-day (~$60.86) and 200-day (~$53.79) moving averages and is trading near its 52-week range high — a bullish setup that attracts momentum buyers.
• Neutral Sentiment: Trading volume is below the stock’s recent average (today ~5.27M vs. avg ~9.92M), so the move may lack conviction until higher-volume follow-through occurs.
• Negative Sentiment: Top-line pressure and margin compression: quarterly revenue missed estimates and was down ~11% year‑over‑year; net margin remains thin (~2.02%), increasing sensitivity to execution.
• Negative Sentiment: Rich near-term valuation: trailing P/E is elevated (~203) which raises expectations for continued strong earnings growth—any slip in execution could prompt a sharper pullback.

About ON Semiconductor

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.