ON Semiconductor (NASDAQ:ON) Price Target Raised to $75.00 at KeyCorp

ON Semiconductor (NASDAQ:ON) had its price target raised by KeyCorp from $65.00 to $75.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. KeyCorp’s price objective indicates a potential upside of 12.32% from the company’s current price.

Other equities analysts have also issued reports about the company. Cfra reaffirmed a “buy” rating and issued a $64.00 price objective on shares of ON Semiconductor in a research note on Tuesday, November 4th. B. Riley Financial boosted their price target on shares of ON Semiconductor from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 20th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of ON Semiconductor in a research note on Tuesday, December 16th. Rosenblatt Securities lifted their target price on shares of ON Semiconductor from $50.00 to $60.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Robert W. Baird boosted their target price 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 research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, ON Semiconductor currently has an average rating of “Hold” and an average price target of $62.23.

ON Semiconductor Stock Performance

Shares of ON stock opened at $66.77 on Tuesday. The firm has a market capitalization of $26.87 billion, a price-to-earnings ratio of 87.36, a PEG ratio of 2.83 and a beta of 1.56. 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 business’s 50-day moving average price is $58.39 and its 200-day moving average price is $53.00. 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 earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The business 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 earned $0.95 EPS. ON Semiconductor’s revenue for the quarter 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. Equities research analysts forecast that ON Semiconductor will post 2.6 EPS for the current year.

ON Semiconductor announced that its Board of Directors has approved a share buyback plan on Tuesday, November 18th that allows the company to buyback $6.00 billion in shares. This buyback authorization allows the semiconductor company to reacquire up to 32.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer directly owned 379,448 shares of the company’s stock, valued at approximately $20,888,612.40. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On ON Semiconductor

Institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC boosted its stake in ON Semiconductor by 187.9% during the 1st quarter. AQR Capital Management LLC now owns 121,357 shares of the semiconductor company’s stock valued at $4,863,000 after purchasing an additional 79,206 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of ON Semiconductor by 61.2% during the first quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company’s stock valued at $54,000 after buying an additional 507 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of ON Semiconductor during the second quarter valued at approximately $276,000. Callan Family Office LLC bought a new stake in ON Semiconductor during the second quarter worth $573,000. Finally, Aberdeen Group plc raised its position in ON Semiconductor by 7.5% in the 2nd quarter. Aberdeen Group plc now owns 369,614 shares of the semiconductor company’s stock valued at $19,371,000 after buying an additional 25,775 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

Key Headlines Impacting ON Semiconductor

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

• Positive Sentiment: Company generated record free cash flow ($1.4B for 2025) and authorized a new $6 billion share repurchase program, which supports shareholder returns and EPS leverage. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Product/technology progress: introduced vertical GaN power semiconductors and announced collaboration/MoU with GlobalFoundries and Innoscience to scale GaN — potential long-term margin and market-share upside in automotive, industrial and AI power. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Several analysts raised price targets or reiterated constructive views after the quarter (Needham raised its target and kept a Buy; other firms increased targets), reflecting confidence in margin recovery and product pipeline. These Analysts Revise Their Forecasts On ON Semiconductor After Q4 Results
• Neutral Sentiment: Q4 non-GAAP EPS was roughly in line/beat consensus (non-GAAP $0.64 vs. $0.62 estimate) but GAAP metrics and YoY comparisons remain weak; the quarter contained one-time items and restructuring charges that complicate comparability. ON Semiconductor Corp. (ON) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
• Neutral Sentiment: Some analysts trimmed expectations or moved to Hold (Truist raised its target but kept a Hold); expect mixed analyst sentiment near-term as data and guidance are parsed. Analyst Note: Truist / Benzinga summary
• Negative Sentiment: Revenue declined ~11% YoY to $1.53B and missed estimates; the company’s largest segments remain under pressure from inventory destocking and weaker end-market demand. That top-line weakness is the primary driver of downward stock pressure. Chipmaker Onsemi misses quarterly revenue estimates, shares fall
• Negative Sentiment: Q1 (FY Q1 2026) guidance is conservative: revenue guide sits toward the low end of Street expectations and non‑GAAP EPS guidance (0.56–0.66) is roughly in line or slightly below consensus — leaves limited near-term upside and supports a cautious stance. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Negative Sentiment: Several outlets reported a negative market reaction and a downgrade from Benchmark (Buy→Hold), reflecting concern about the sustainability of recovery and near-term demand visibility. Benchmark downgrades ON Semiconductor

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.