Bank of America Forecasts Strong Price Appreciation for ON Semiconductor (NASDAQ:ON) Stock

ON Semiconductor (NASDAQ:ON) had its target price upped by analysts at Bank of America from $60.00 to $65.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Bank of America‘s price target would suggest a potential upside of 4.93% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Robert W. Baird raised their price target on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. Stifel Nicolaus raised their target price 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. Wells Fargo & Company boosted their target price on shares of ON Semiconductor from $62.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Truist Financial increased their price target on shares of ON Semiconductor from $51.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. Finally, Citigroup lifted their price objective on shares of ON Semiconductor from $54.00 to $66.00 and gave the company a “neutral” rating in a research note on Thursday, January 15th. Fifteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $61.22.

ON Semiconductor Price Performance

Shares of NASDAQ ON traded up $1.88 during midday trading on Wednesday, reaching $61.94. The company’s stock had a trading volume of 1,195,697 shares, compared to its average volume of 8,539,841. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.54 and a current ratio of 5.23. The company has a market cap of $24.93 billion, a P/E ratio of 80.10, a P/E/G ratio of 2.62 and a beta of 1.55. The business’s 50 day moving average price is $54.27 and its two-hundred day moving average price is $52.65. ON Semiconductor has a fifty-two week low of $31.04 and a fifty-two week high of $63.63.

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

ON Semiconductor declared that its board has initiated a share buyback program 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 programs are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer owned 379,448 shares in the company, valued at $20,888,612.40. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Flagship Harbor Advisors LLC acquired a new stake in shares of ON Semiconductor during the 4th quarter valued at $47,000. Cromwell Holdings LLC raised its position in ON Semiconductor by 17.4% in 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. boosted its stake in shares of ON Semiconductor by 85.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,277 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 590 shares in the last quarter. Evexia Wealth LLC grew its holdings in shares of ON Semiconductor by 6.4% during the fourth quarter. Evexia Wealth LLC now owns 13,186 shares of the semiconductor company’s stock worth $714,000 after purchasing an additional 788 shares during the last quarter. Finally, Aberdeen Group plc increased its stake in shares of ON Semiconductor by 3.1% in the fourth quarter. Aberdeen Group plc now owns 378,552 shares of the semiconductor company’s stock valued at $20,499,000 after buying an additional 11,458 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about ON Semiconductor

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

• Positive Sentiment: Sector tailwind — coverage this morning highlights a renewed semiconductor “super‑cycle” as U.S. chipmakers benefit from rising demand across industrial, automotive and data center end markets; that backdrop supports stronger long‑term demand for ON’s power and automotive analog products. US chipmakers capitalize on semiconductor ‘super cycle’
• Neutral Sentiment: Global capacity shifts — Viettel’s ground‑breaking for a semiconductor plant in Hanoi signals capacity expansion in the region; that can improve supply‑chain resilience for the industry but introduces longer‑term pricing and competition uncertainty. Viettel breaks ground on semiconductor plant in Hanoi, Vietnam
• Negative Sentiment: Tariff and end‑market risk — reporting on semiconductor-related tariffs and European trade frictions shows how regulation and tariff changes are disrupting downstream markets (e.g., collision repair and automotive parts). ON has meaningful exposure to automotive and industrial customers, so tariff-driven cost shifts or slower repair/shop activity could pressure near‑term demand or margins. Semiconductor and European Tariffs Hit Collision Repair from Two Directions
• Negative Sentiment: Company fundamentals and valuation — ON beat Q3 EPS modestly but revenue was down ~12% year‑over‑year and management set Q4 EPS guidance of $0.57–0.67; coupled with a high P/E (~78) and stretched multiples, investors may be trimming exposure until clearer top‑line recovery is visible. (Background: Q3 results and guidance disclosed Nov. 3.)

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.