Wall Street Zen Downgrades ON Semiconductor (NASDAQ:ON) to Hold

ON Semiconductor (NASDAQ:ON) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday.

Other research analysts have also issued reports about the company. UBS Group reaffirmed a “neutral” rating on shares of ON Semiconductor in a report on Monday, February 2nd. Citigroup raised their price objective on shares of ON Semiconductor from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Tuesday, February 10th. Evercore reaffirmed an “outperform” rating on shares of ON Semiconductor in a research note on Wednesday, January 7th. Truist Financial increased their target price on shares of ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a research note on Tuesday, February 10th. Finally, Bank of America upped their target price on ON Semiconductor from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Wednesday, January 21st. Twelve investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $64.19.

ON Semiconductor Trading Up 2.3%

Shares of NASDAQ:ON opened at $59.88 on Friday. The company has a 50 day moving average of $63.67 and a 200-day moving average of $55.49. The company has a current ratio of 4.52, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39. The firm has a market cap of $23.59 billion, a P/E ratio of 176.12, a P/E/G ratio of 0.62 and a beta of 1.52. ON Semiconductor has a twelve month low of $31.04 and a twelve month high of $73.76.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last 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. As a group, analysts anticipate that ON Semiconductor will post 2.6 earnings per share for the current fiscal year.

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

Insider Transactions at ON Semiconductor

In other news, insider Sudhir Gopalswamy sold 6,114 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $58.67, for a total transaction of $358,708.38. Following the completion of the sale, the insider directly owned 173,943 shares of the company’s stock, valued at $10,205,235.81. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hassane El-Khoury sold 20,000 shares of the business’s stock in a transaction that occurred 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 directly owned 1,015,610 shares of the company’s stock, valued at approximately $74,159,842.20. The trade was a 1.93% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 86,114 shares of company stock valued at $6,092,308 in the last three months. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On ON Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of ON Semiconductor in the second quarter worth about $228,835,000. Fisher Funds Management LTD lifted its holdings in ON Semiconductor by 42.0% in the 3rd quarter. Fisher Funds Management LTD now owns 87,729 shares of the semiconductor company’s stock worth $4,326,000 after purchasing an additional 25,949 shares during the last quarter. Polianta Ltd bought a new stake in ON Semiconductor during the third quarter worth approximately $1,420,000. Merit Financial Group LLC grew its holdings 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 valued at $2,552,000 after purchasing an additional 22,211 shares during the last quarter. Finally, Rakuten Investment Management Inc. acquired a new position in ON Semiconductor during the third quarter valued at approximately $5,327,000. 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: None in the past 24–36 hours.
• Neutral Sentiment: Latest reported quarter: ON posted $0.64 EPS (beat by ~$0.02) on revenue roughly in line with expectations and issued Q1 2026 EPS guidance of $0.560–0.660 — a near-term fundamental anchor that investors cite when valuing the shares. MarketBeat ON profile & recent results
• Negative Sentiment: Insider sale disclosed: Sudhir Gopalswamy sold 6,114 ON shares on Mar 13 at an average price of $58.67 (SEC filing). Insider selling can be interpreted as a mild negative signal about near-term insider conviction. SEC filing for insider sale
• Negative Sentiment: Analyst action: Wall Street Zen recently lowered ON’s rating to “Hold” (reported Mar 15). A downgrade can reduce buying pressure from sentiment-driven traders and may weigh on short-term momentum. American Banking News: Rating lowered to Hold

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.