ON Semiconductor (NASDAQ:ON) Hits New 1-Year High After Analyst Upgrade

ON Semiconductor Corporation (NASDAQ:ON)’s share price hit a new 52-week high during mid-day trading on Wednesday after Bank of America raised their price target on the stock from $60.00 to $65.00. Bank of America currently has a neutral rating on the stock. ON Semiconductor traded as high as $63.84 and last traded at $63.4230, with a volume of 6686349 shares changing hands. The stock had previously closed at $60.06.

Several other equities analysts have also recently issued reports on ON. Williams Trading set a $60.00 price target on shares of ON Semiconductor in a research report on Tuesday, November 4th. Morgan Stanley upped their target price on ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a report on Monday, November 24th. UBS Group raised their target price on ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Weiss Ratings restated a “hold (c-)” rating on shares of ON Semiconductor in a report on Monday, December 29th. Finally, B. Riley boosted their price objective on shares of ON Semiconductor from $54.00 to $58.00 and gave the stock a “neutral” rating in a research note on Tuesday. Fifteen investment analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.22.

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 transaction of $1,101,000.00. Following the transaction, the chief financial officer owned 379,448 shares of the company’s stock, valued at $20,888,612.40. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.31% of the company’s stock.

Trending Headlines about ON Semiconductor

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

• Positive Sentiment: Earnings/guidance credibility — ON posted an EPS beat in its last report and issued Q4 guidance (0.57–0.67), which analysts and investors view as a constructive forward signal given the industry cycle and helped underwrite buying interest.
• Positive Sentiment: Bank of America raised its price target on ON to $65 (up from $60), giving the stock more analyst support even as BofA kept a “neutral” rating — the higher target is a near‑term catalyst for buyers. Benzinga: BofA raises ON target
• Positive Sentiment: Sector tailwinds — recent coverage highlights a growing semiconductor “super‑cycle” and new capacity projects, which lift demand outlook for power management and automotive chips (ON has exposure to automotive, industrial and power segments). MSN: US chipmakers capitalize on semiconductor ‘super cycle’
• Positive Sentiment: Industry capacity expansion headlines (e.g., new fabs) support long‑term demand for discrete and power semiconductors that ON supplies. Example: Viettel breaking ground on a semiconductor plant signals continued global investment in capacity. DataCenterDynamics: Viettel breaks ground on semiconductor plant
• Neutral Sentiment: Analyst stance mixed — BofA lifted the target but kept a “neutral” rating, so while the target rise is supportive, the overall analyst tone is not uniformly bullish. Benzinga: BofA raises ON target
• Neutral Sentiment: Technical/volume context — the stock is trading above its 50- and 200-day moving averages (momentum-positive), but intraday volume is below its average, so moves could be less liquid and prone to intraday reversals.
• Negative Sentiment: Valuation and recent revenue trend — ON’s trailing P/E is elevated (reflecting higher expectations) and recent quarterly revenue was down year‑over‑year, so upside is dependent on a durable revenue recovery; investors concerned about execution or demand could pressure the stock in a pullback.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Aaron Wealth Advisors LLC raised its holdings in shares of ON Semiconductor by 8.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 13,666 shares of the semiconductor company’s stock worth $740,000 after acquiring an additional 1,011 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in ON Semiconductor during the fourth quarter valued at $47,000. Cromwell Holdings LLC lifted its position in ON Semiconductor by 17.4% during the fourth quarter. Cromwell Holdings LLC now owns 1,312 shares of the semiconductor company’s stock valued at $71,000 after purchasing an additional 194 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of ON Semiconductor by 85.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,277 shares of the semiconductor company’s stock worth $69,000 after buying an additional 590 shares in the last quarter. Finally, Evexia Wealth LLC increased its holdings in shares of ON Semiconductor by 6.4% in the 4th quarter. Evexia Wealth LLC now owns 13,186 shares of the semiconductor company’s stock worth $714,000 after buying an additional 788 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

ON Semiconductor Price Performance

The company has a current ratio of 5.23, a quick ratio of 3.54 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is $54.27 and its 200-day moving average price is $52.65. The stock has a market capitalization of $25.43 billion, a PE ratio of 82.27, a PEG ratio of 2.62 and a beta of 1.55.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.04. The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The firm’s revenue for the quarter was down 12.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.99 earnings per share. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, equities analysts forecast that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.

ON Semiconductor announced that its Board of Directors has initiated a share repurchase program on Tuesday, November 18th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes 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 leadership believes its shares are undervalued.

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.