ON Semiconductor (NASDAQ:ON) Price Target Raised to $66.00

ON Semiconductor (NASDAQ:ON) had its target price lifted by Truist Financial from $57.00 to $66.00 in a research note published on Tuesday morning,Benzinga reports. Truist Financial currently has a hold rating on the semiconductor company’s stock.

ON has been the subject of a number of other research reports. Wells Fargo & Company boosted their target price on shares of ON Semiconductor from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Tuesday. Bank of America lifted their price objective 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. Stifel Nicolaus boosted their price objective on shares of ON Semiconductor from $50.00 to $60.00 and gave the company a “hold” rating in a report on Friday, January 16th. BNP Paribas Exane upgraded shares of ON Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Finally, TD Cowen reiterated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Twelve 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $64.19.

ON Semiconductor Price Performance

ON Semiconductor stock opened at $70.63 on Tuesday. The company has a market capitalization of $27.83 billion, a price-to-earnings ratio of 207.74, a PEG ratio of 0.76 and a beta of 1.56. The company has a current ratio of 4.52, a quick ratio of 3.54 and a debt-to-equity ratio of 0.39. ON Semiconductor has a 12 month low of $31.04 and a 12 month high of $73.63. The stock’s 50 day moving average is $59.30 and its 200-day moving average is $53.32.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (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 during the quarter, compared to the consensus estimate of $1.54 billion. During the same period in the previous year, the company posted $0.95 EPS. The firm’s quarterly 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. Equities research analysts expect that ON Semiconductor will post 2.6 EPS for the current year.

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

Insiders Place Their Bets

In other ON Semiconductor news, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Trent Thad sold 60,000 shares of the business’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 transaction, the chief financial officer directly owned 339,460 shares of the company’s stock, valued at approximately $24,176,341.20. The trade was a 15.02% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 100,000 shares of company stock worth $6,834,600. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On ON Semiconductor

A number of institutional investors have recently added to or reduced their stakes in ON. Norges Bank bought a new stake in shares of ON Semiconductor during the second quarter worth $228,835,000. Fisher Funds Management LTD lifted its stake 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 $1,420,000. Merit Financial Group LLC boosted its holdings in shares of ON Semiconductor by 75.2% during the 3rd quarter. Merit Financial Group LLC now owns 51,748 shares of the semiconductor company’s stock valued at $2,552,000 after acquiring an additional 22,211 shares in the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in ON Semiconductor during the 3rd quarter worth $5,327,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

More ON Semiconductor News

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

• Positive Sentiment: Q4 results, record free cash flow and a large buyback program underpin the bullish case — management beat EPS expectations, highlighted record FCF and the board authorized an additional $6 billion in buybacks (supporting share returns and potential supply reduction). Onsemi Is Near a Breakout—And Free Cash Flow Could Fuel It
• Positive Sentiment: Several analyst houses raised targets or reiterated conviction after the quarter (JPMorgan, Truist, Rosenblatt raised targets), which can attract momentum buyers and institutional support. JPMorgan Increases ON Semiconductor Price Target to $70
• Neutral Sentiment: Barclays initiated coverage with an Equalweight rating — a neutral institutional entry that adds liquidity/coverage but doesn’t signal strong directional conviction. Barclays initiates ON Semiconductor coverage
• Neutral Sentiment: Analyst commentary is mixed overall — some price-target raises and upbeat takeaways on recovery and margins, while a handful of shops trimmed ratings/targets. That creates two-sided analyst flow and keeps the story market-sensitive. Seeking Alpha: ON Semiconductor – Reiterate Buy Upon Correction
• Negative Sentiment: Insider selling by top executives: CFO Trent Thad sold 60,000 shares (~$4.27M) and CEO Hassane El‑Khoury sold 20,000 shares (~$1.46M) this week — sizable insider disposals can signal personal liquidity or reduce near-term conviction and may pressure sentiment. CFO Trent Thad SEC filing CEO Hassane El‑Khoury SEC filing
• Negative Sentiment: Top-line pressure and risk disclosures remain: revenue is still below year-ago levels and management flagged strategic/legal/cyber risks related to AI integration — these keep execution risk elevated while the market awaits durable revenue recovery. Q4 2025 earnings call transcript

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.