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

ON Semiconductor (NASDAQ:ON) had its price objective increased by analysts at Truist Financial from $57.00 to $66.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s price target suggests a potential upside of 1.38% from the stock’s current price.

A number of other brokerages have also recently issued reports on ON. B. Riley Financial upped their price objective on shares of ON Semiconductor from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Cantor Fitzgerald restated a “neutral” rating on shares of ON Semiconductor in a research report on Tuesday, December 16th. TD Cowen reiterated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Benchmark cut ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird upped their price target on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday, November 4th. Eleven analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $61.65.

ON Semiconductor Stock Performance

NASDAQ ON opened at $65.10 on Tuesday. ON Semiconductor has a 52-week low of $31.04 and a 52-week high of $66.86. 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 capitalization of $26.19 billion, a P/E ratio of 84.55, a P/E/G ratio of 2.83 and a beta of 1.56. The company has a fifty day moving average of $58.39 and a 200-day moving average of $53.00.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The company’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.95 earnings per share. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. As a group, equities research analysts predict that ON Semiconductor will post 2.6 EPS for the current fiscal year.

ON Semiconductor declared that its Board of Directors has initiated a stock buyback program on Tuesday, November 18th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor company to repurchase up to 32.7% of its stock through open market purchases. Stock repurchase 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 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 sale, the chief financial officer owned 379,448 shares in the company, valued at approximately $20,888,612.40. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is owned by insiders.

Institutional Trading of ON Semiconductor

A number of hedge funds have recently made changes to their positions in ON. Norges Bank purchased a new position in ON Semiconductor during the second quarter valued at $228,835,000. Two Sigma Investments LP increased its stake in ON Semiconductor by 636.1% during the 3rd quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock valued at $184,900,000 after purchasing an additional 3,240,375 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in ON Semiconductor by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after buying an additional 2,072,125 shares during the last quarter. M&G PLC lifted its stake in shares of ON Semiconductor by 164.2% in the second quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company’s stock worth $127,873,000 after buying an additional 1,528,311 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of ON Semiconductor by 312.8% during the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock valued at $105,401,000 after buying an additional 1,523,866 shares during the last quarter. 97.70% of the stock is owned by institutional investors.

ON Semiconductor News Roundup

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.