ON Semiconductor (NASDAQ:ON) Price Target Raised to $72.00 at Needham & Company LLC

ON Semiconductor (NASDAQ:ON) had its target price raised by equities researchers at Needham & Company LLC from $68.00 to $72.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price target indicates a potential upside of 10.60% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Rosenblatt Securities boosted their price target on shares of ON Semiconductor from $50.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday. Robert W. Baird increased their target price on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Piper Sandler restated an “overweight” rating on shares of ON Semiconductor in a research note on Tuesday. TD Cowen reiterated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, Benchmark cut shares of ON Semiconductor from a “buy” rating to a “hold” rating in a report on Tuesday. Eleven research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, ON Semiconductor currently has a consensus rating of “Hold” and an average target price of $61.65.

ON Semiconductor Price Performance

ON stock opened at $65.10 on Tuesday. 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 firm’s 50-day moving average price is $58.39 and its two-hundred day moving average price is $53.00. The company has a current ratio of 5.23, a quick ratio of 3.54 and a debt-to-equity ratio of 0.43. ON Semiconductor has a 12-month low of $31.04 and a 12-month high of $66.86.

ON Semiconductor (NASDAQ:ON) last announced 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 13.60% and a net margin of 5.16%.The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the previous year, the business earned $0.95 EPS. ON Semiconductor’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. As a group, equities analysts predict that ON Semiconductor will post 2.6 earnings per share for the current year.

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

Insider Activity

In related news, CFO Trent Thad sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer owned 379,448 shares in the company, valued at $20,888,612.40. The trade was a 5.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cromwell Holdings LLC increased its position in shares of 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 acquiring an additional 194 shares in the last quarter. Freedom Investment Management Inc. boosted its stake in ON Semiconductor by 2.6% during the 2nd quarter. Freedom Investment Management Inc. now owns 7,853 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 196 shares during the last quarter. Westside Investment Management Inc. boosted its stake in ON Semiconductor by 9.3% during the 4th quarter. Westside Investment Management Inc. now owns 2,360 shares of the semiconductor company’s stock valued at $128,000 after purchasing an additional 200 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of ON Semiconductor by 4.9% in the third quarter. Versant Capital Management Inc now owns 4,264 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 201 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of ON Semiconductor by 4.1% during the third quarter. UMB Bank n.a. now owns 5,334 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 211 shares in the last quarter. Institutional investors 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: 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

ON Semiconductor Company Profile

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.