Mizuho Lowers ON Semiconductor (NASDAQ:ON) Price Target to $70.00

ON Semiconductor (NASDAQ:ON) had its target price reduced by Mizuho from $72.00 to $70.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Mizuho’s price target suggests a potential upside of 4.83% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Needham & Company LLC increased their target price on shares of ON Semiconductor from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Tuesday. Piper Sandler reissued an “overweight” rating on shares of ON Semiconductor in a report on Tuesday. UBS Group restated a “neutral” rating on shares of ON Semiconductor in a report on Monday, February 2nd. Citigroup reiterated a “neutral” rating on shares of ON Semiconductor in a report on Tuesday. Finally, Bank of America boosted their price target on ON Semiconductor from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 21st. Eleven research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $62.23.

ON Semiconductor Trading Up 2.6%

Shares of ON opened at $66.77 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. The firm has a market capitalization of $26.87 billion, a price-to-earnings ratio of 87.36, a PEG ratio of 2.83 and a beta of 1.56. The company has a 50-day moving average of $58.39 and a 200 day moving average of $53.00. ON Semiconductor has a 1-year low of $31.04 and a 1-year high of $66.86.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. The company’s revenue was down 11.2% on a year-over-year basis. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. On average, research analysts expect that ON Semiconductor will post 2.6 EPS for the current year.

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

Insider Buying and Selling at ON Semiconductor

In other news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total value of $1,101,000.00. Following the completion of the transaction, the chief financial officer directly owned 379,448 shares of the company’s stock, valued at approximately $20,888,612.40. The trade was a 5.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cromwell Holdings LLC lifted its stake in ON Semiconductor by 17.4% in the fourth quarter. Cromwell Holdings LLC now owns 1,312 shares of the semiconductor company’s stock valued at $71,000 after buying an additional 194 shares during the last quarter. Freedom Investment Management Inc. increased its stake in shares of ON Semiconductor by 2.6% in 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 during the period. Westside Investment Management Inc. raised its holdings in shares of ON Semiconductor by 9.3% during the fourth quarter. Westside Investment Management Inc. now owns 2,360 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 200 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of ON Semiconductor by 4.9% during the third quarter. Versant Capital Management Inc now owns 4,264 shares of the semiconductor company’s stock worth $210,000 after buying an additional 201 shares during the period. Finally, UMB Bank n.a. grew its holdings in ON Semiconductor by 4.1% in the 3rd quarter. UMB Bank n.a. now owns 5,334 shares of the semiconductor company’s stock worth $263,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Key ON Semiconductor News

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

• Positive Sentiment: Company generated record free cash flow ($1.4B for 2025) and authorized a new $6 billion share repurchase program, which supports shareholder returns and EPS leverage. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Product/technology progress: introduced vertical GaN power semiconductors and announced collaboration/MoU with GlobalFoundries and Innoscience to scale GaN — potential long-term margin and market-share upside in automotive, industrial and AI power. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Several analysts raised price targets or reiterated constructive views after the quarter (Needham raised its target and kept a Buy; other firms increased targets), reflecting confidence in margin recovery and product pipeline. These Analysts Revise Their Forecasts On ON Semiconductor After Q4 Results
• Neutral Sentiment: Q4 non-GAAP EPS was roughly in line/beat consensus (non-GAAP $0.64 vs. $0.62 estimate) but GAAP metrics and YoY comparisons remain weak; the quarter contained one-time items and restructuring charges that complicate comparability. ON Semiconductor Corp. (ON) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
• Neutral Sentiment: Some analysts trimmed expectations or moved to Hold (Truist raised its target but kept a Hold); expect mixed analyst sentiment near-term as data and guidance are parsed. Analyst Note: Truist / Benzinga summary
• Negative Sentiment: Revenue declined ~11% YoY to $1.53B and missed estimates; the company’s largest segments remain under pressure from inventory destocking and weaker end-market demand. That top-line weakness is the primary driver of downward stock pressure. Chipmaker Onsemi misses quarterly revenue estimates, shares fall
• Negative Sentiment: Q1 (FY Q1 2026) guidance is conservative: revenue guide sits toward the low end of Street expectations and non‑GAAP EPS guidance (0.56–0.66) is roughly in line or slightly below consensus — leaves limited near-term upside and supports a cautious stance. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Negative Sentiment: Several outlets reported a negative market reaction and a downgrade from Benchmark (Buy→Hold), reflecting concern about the sustainability of recovery and near-term demand visibility. Benchmark downgrades ON Semiconductor

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.