ON Semiconductor (NASDAQ:ON) Hits New 1-Year High on Analyst Upgrade

Shares of ON Semiconductor Corporation (NASDAQ:ON) reached a new 52-week high during trading on Wednesday after Exane BNP Paribas upgraded the stock from an underperform rating to a neutral rating. The company traded as high as $63.84 and last traded at $63.4230, with a volume of 6686349 shares trading hands. The stock had previously closed at $60.06.

A number of other research firms also recently weighed in on ON. Evercore ISI restated an “outperform” rating on shares of ON Semiconductor in a research report on Wednesday, January 7th. TD Cowen reiterated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Truist Financial boosted their target price on ON Semiconductor from $51.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. Cfra reaffirmed a “buy” rating and issued a $64.00 target price on shares of ON Semiconductor in a research note on Tuesday, November 4th. Finally, Citigroup increased their price target on shares of ON Semiconductor from $54.00 to $66.00 and gave the company a “neutral” rating in a research report on Thursday, January 15th. Thirteen equities research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $61.30.

Insider Activity at ON Semiconductor

In related news, CFO Trent Thad sold 20,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the completion of the sale, the chief financial officer directly owned 379,448 shares in the company, valued at $20,888,612.40. This represents a 5.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by insiders.

ON Semiconductor News Summary

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

• Positive Sentiment: Bank of America raised its price target to $65 (from $60) — a modest analyst upgrade that supports upside and reflects continued confidence in ON’s growth outlook. Bank of America raises PT to $65
• Positive Sentiment: The stock recently hit a 52-week high, signaling strong buying interest and momentum that can attract momentum/technical traders. 52-week high report
• Positive Sentiment: ON’s Relative Strength (RS) rating jumped (reported coverage notes an RS increase to 84), reinforcing the view that price momentum is improving versus peers. RS rating jump
• Neutral Sentiment: Market aggregate remains cautious — sources show ON’s consensus analyst rating as roughly a “Hold,” indicating mixed views among sell-side analysts. That moderates the impact of single-firm upgrades. Analyst consensus ‘Hold’
• Neutral Sentiment: Research/feature pieces (e.g., TipRanks coverage) continue to highlight ON’s stable 2026 outlook and industry exposure to automotive and industrial chips — useful context but not an immediate catalyst. Is ON a good buy in 2026?
• Negative Sentiment: BNP Paribas Exane set a new $62 price target with a “neutral” rating — a lower target that can weigh on sentiment for investors seeking higher upside. BNP Paribas Exane PT $62

Institutional Investors Weigh In On ON Semiconductor

A number of large investors have recently modified their holdings of ON. CVA Family Office LLC raised its stake in ON Semiconductor by 83.7% in the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after buying an additional 215 shares in the last quarter. Private Trust Co. NA grew its holdings in shares of ON Semiconductor by 72.8% during the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 220 shares during the period. Trust Co. of Toledo NA OH bought a new position in shares of ON Semiconductor in the 2nd quarter worth approximately $29,000. Deseret Mutual Benefit Administrators lifted its stake in shares of ON Semiconductor by 62.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 218 shares during the period. Finally, Quent Capital LLC purchased a new position in shares of ON Semiconductor in the 3rd quarter valued at approximately $28,000. Institutional investors own 97.70% of the company’s stock.

ON Semiconductor Stock Down 0.1%

The company has a 50-day moving average of $54.84 and a two-hundred day moving average of $52.79. The company has a quick ratio of 3.54, a current ratio of 5.23 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $25.38 billion, a P/E ratio of 81.91, a price-to-earnings-growth ratio of 2.74 and a beta of 1.55.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $1.55 billion during 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 for the quarter was down 12.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.99 earnings per share. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, research analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current year.

ON Semiconductor announced that its board has approved a stock repurchase program on Tuesday, November 18th that allows the company to buyback $6.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 32.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

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.