ON Semiconductor’s (ON) “Neutral” Rating Reiterated at Cantor Fitzgerald

ON Semiconductor (NASDAQ:ON)‘s stock had its “neutral” rating reiterated by investment analysts at Cantor Fitzgerald in a report issued on Tuesday,Benzinga reports. They presently have a $60.00 price target on the semiconductor company’s stock. Cantor Fitzgerald’s price target indicates a potential downside of 10.55% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. BNP Paribas Exane raised ON Semiconductor from a “strong sell” rating to a “hold” rating in a report on Thursday, January 22nd. UBS Group reiterated a “neutral” rating on shares of ON Semiconductor in a research note on Monday, February 2nd. Bank of America lifted their price objective on shares of ON Semiconductor from $60.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, January 21st. Needham & Company LLC boosted their price objective on shares of ON Semiconductor from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Piper Sandler reiterated an “overweight” rating on shares of ON Semiconductor in a research note on Tuesday. Eleven equities 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $62.23.

ON Semiconductor Stock Up 3.0%

ON stock traded up $1.98 during mid-day trading on Tuesday, hitting $67.08. 4,558,848 shares of the company were exchanged, compared to its average volume of 9,519,550. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.54 and a current ratio of 5.23. ON Semiconductor has a 1-year low of $31.04 and a 1-year high of $67.80. The firm’s 50 day simple moving average is $58.39 and its 200 day simple moving average is $53.00. The firm has a market cap of $26.99 billion, a P/E ratio of 86.87, a P/E/G ratio of 2.83 and a beta of 1.56.

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

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

Insider Activity

In related news, CFO Trent Thad sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was 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 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 Securities & Exchange Commission, which is available at this link. 0.31% of the stock is owned by insiders.

Institutional Trading of ON Semiconductor

Several institutional investors and hedge funds have recently bought and sold shares of ON. Norges Bank purchased a new stake in shares of ON Semiconductor during the fourth quarter valued at approximately $330,885,000. Two Sigma Investments LP boosted 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 during the last quarter. Rafferty Asset Management LLC increased its holdings in shares of ON Semiconductor by 55.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock worth $305,943,000 after purchasing an additional 2,072,125 shares in the last quarter. M&G PLC increased its holdings in shares of ON Semiconductor by 164.2% in the 2nd quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company’s stock worth $127,873,000 after purchasing an additional 1,528,311 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of ON Semiconductor by 312.8% in the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock worth $105,401,000 after purchasing an additional 1,523,866 shares during the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories 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

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.