ON Semiconductor (NASDAQ:ON) Price Target Raised to $60.00

ON Semiconductor (NASDAQ:ON) had its price objective upped by equities researchers at Rosenblatt Securities from $50.00 to $60.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the semiconductor company’s stock. Rosenblatt Securities’ target price would suggest a potential downside of 7.83% from the company’s previous close.

Several other equities research analysts have also commented on the company. Benchmark lowered ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company reiterated an “overweight” rating on shares of ON Semiconductor in a research report on Tuesday. BNP Paribas Exane raised ON Semiconductor from a “strong sell” rating to a “hold” rating in a report on Thursday, January 22nd. Stifel Nicolaus raised their price target on ON Semiconductor from $50.00 to $60.00 and gave the company a “hold” rating in a research report on Friday, January 16th. Finally, Cfra reiterated a “buy” rating and issued a $64.00 price objective on shares of ON Semiconductor in a research report on Tuesday, November 4th. Eleven investment analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $61.65.

ON Semiconductor Price Performance

Shares of NASDAQ:ON opened at $65.10 on Tuesday. ON Semiconductor has a one year low of $31.04 and a one year high of $66.86. The stock has a market capitalization of $26.19 billion, a price-to-earnings ratio of 84.55, a PEG ratio of 2.83 and a beta of 1.56. The company has a 50-day simple moving average of $58.39 and a 200-day simple moving average of $53.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.54 and a current ratio of 5.23.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data 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 13.60% and a net margin of 5.16%.The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the prior year, the business earned $0.95 EPS. The firm’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. On average, analysts predict that ON Semiconductor will post 2.6 EPS for the current year.

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

Insider Buying and Selling

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction that occurred on 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 sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On ON Semiconductor

Large investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in ON Semiconductor during the second quarter valued at approximately $228,835,000. Fisher Funds Management LTD increased its holdings in shares of ON Semiconductor by 42.0% in the 3rd quarter. Fisher Funds Management LTD now owns 87,729 shares of the semiconductor company’s stock valued at $4,326,000 after acquiring an additional 25,949 shares during the last quarter. Polianta Ltd acquired a new stake in shares of ON Semiconductor during the 3rd quarter valued at approximately $1,420,000. Merit Financial Group LLC lifted its stake in ON Semiconductor by 75.2% during the third quarter. Merit Financial Group LLC now owns 51,748 shares of the semiconductor company’s stock worth $2,552,000 after purchasing an additional 22,211 shares during the last quarter. Finally, Mizuho Markets Cayman LP increased its stake in ON Semiconductor by 2,345.0% during the second quarter. Mizuho Markets Cayman LP now owns 150,807 shares of the semiconductor company’s stock valued at $7,904,000 after purchasing an additional 144,639 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting ON Semiconductor

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

• Positive Sentiment: Strong cash generation and shareholder return — onsemi reported record free cash flow (~$1.4B for 2025) and authorized a new share repurchase program up to $6 billion over three years, supporting buyback-driven EPS upside and capital returns. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Product/market positioning — company introduced vertical GaN (vGaN) power semiconductors and announced partnerships (Innoscience MoU, GlobalFoundries collaboration) that position onsemi for higher-value power and AI/automotive opportunities. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Neutral Sentiment: Mixed quarter delivery — non-GAAP EPS (~$0.64) roughly beat consensus while GAAP EPS and several operating metrics fell year-over-year; the beat on EPS contrasts with top-line weakness, making the print ambiguous for valuation. ON Semiconductor Q4 Earnings: Top Estimates
• Neutral Sentiment: Analyst stance remains mixed/neutral — some brokers keep a hold/neutral view given gradual margin recovery potential from AI and power trends but uncertainty about the near-term rebound. Balanced Outlook on ON Semiconductor
• Negative Sentiment: Revenue and segment declines — Q4 revenue fell ~11% YoY and several business units declined (up to ~17%), driven by persistent inventory glut and weaker power/analog demand; that top-line softness pressured sentiment. Chipmaker Onsemi misses quarterly revenue estimates, shares fall
• Negative Sentiment: Cautious near-term guidance and market reaction — Q1 revenue/EPS ranges are conservative and the market sold off on the mixed print; Quiver/market writeups highlight the drop and note insider sales in recent months. ON Semiconductor Stock Falls on Q4 2025 Earnings

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.