ON Semiconductor (NASDAQ:ON) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of ON Semiconductor (NASDAQ:ON) from a hold rating to a buy rating in a research report released on Saturday.

Several other analysts have also recently commented on the company. Piper Sandler upped their target price on ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Evercore restated an “outperform” rating on shares of ON Semiconductor in a research report on Wednesday, January 7th. UBS Group reaffirmed a “neutral” rating on shares of ON Semiconductor in a research note on Monday, February 2nd. B. Riley Financial increased their price objective on shares of ON Semiconductor from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Finally, Bank of America lifted their target price on shares of ON Semiconductor from $60.00 to $65.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 21st. Twelve equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $64.19.

ON Semiconductor Stock Down 6.5%

Shares of NASDAQ:ON opened at $56.87 on Friday. The firm has a market cap of $22.41 billion, a P/E ratio of 167.27, a P/E/G ratio of 0.60 and a beta of 1.52. ON Semiconductor has a 12-month low of $31.04 and a 12-month high of $73.76. The business has a fifty day simple moving average of $63.22 and a 200 day simple moving average of $55.10. The company has a quick ratio of 2.98, a current ratio of 4.52 and a debt-to-equity ratio of 0.39.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.54 billion. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The business’s revenue was down 11.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.95 EPS. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Analysts predict that ON Semiconductor will post 2.6 earnings per share for the current year.

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

Insider Buying and Selling

In other news, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor stock in a transaction on 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 in the company, valued at $74,159,842.20. The trade was a 1.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Trent Thad sold 60,000 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were 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 in the company, valued at $24,176,341.20. The trade was a 15.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ON Semiconductor

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC boosted its position in shares of ON Semiconductor by 187.9% during the 1st quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock worth $4,863,000 after purchasing an additional 79,206 shares in the last quarter. Geneos Wealth Management Inc. increased its position in ON Semiconductor by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 507 shares in the last quarter. Resona Asset Management Co. Ltd. raised its stake in ON Semiconductor by 9.2% during the 2nd quarter. Resona Asset Management Co. Ltd. now owns 141,276 shares of the semiconductor company’s stock worth $7,416,000 after buying an additional 11,902 shares during the period. SouthState Corp raised its stake in ON Semiconductor by 740.3% during the 2nd quarter. SouthState Corp now owns 1,210 shares of the semiconductor company’s stock worth $63,000 after buying an additional 1,066 shares during the period. Finally, Savant Capital LLC bought a new position in ON Semiconductor in the second quarter worth approximately $269,000. 97.70% of the stock is owned by institutional investors.

ON Semiconductor News Summary

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

• Positive Sentiment: Renewed investor appetite for semiconductor names after a prominent investor bought a large stake in Nvidia — this kind of high-profile buying can lift sentiment across the chip sector and benefit ON as investors rotate into semiconductor exposure. This Billionaire Just Bought 1 MILLION Shares of Nvidia Stock
• Neutral Sentiment: Coverage piece highlighting rising investor attention in ON — notes valuation and liquidity metrics and flags ON as a name drawing retail and analyst focus; such attention can increase trading volume but doesn’t guarantee direction. ON Semiconductor Corporation (ON) is Attracting Investor Attention
• Neutral Sentiment: Recent quarterly results: ON reported $0.64 EPS (slightly above consensus) but revenue was down ~11% year-over-year and missed estimates — the company set Q1 fiscal guidance of $0.560–0.660 EPS. The EPS beat supports valuation, while weaker revenue and modest guidance temper the outlook.
• Negative Sentiment: End-market uncertainty in data-heavy segments: reports that video-game companies and other customers face storage and AI-related adoption issues may reduce near-term demand for components; sector-specific weakness can weigh on ON’s cyclical end markets. SONY vs. MSFT vs. NTDOF: Video Games Have a Storage Problem Thanks to AI
• Negative Sentiment: Valuation and recent run-up: ON’s P/E and recent 50-day/200-day moving average context make the stock vulnerable to profit-taking after hitting multi-month highs; combined with the revenue decline, that likely contributed to today’s downside pressure.

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.