ON Semiconductor (NASDAQ:ON) Stock Price Expected to Rise, Bank of America Analyst Says

ON Semiconductor (NASDAQ:ON) had its target price increased by analysts at Bank of America from $60.00 to $65.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. Bank of America‘s target price suggests a potential upside of 3.06% from the stock’s previous close.

Several other analysts have also issued reports on ON. Piper Sandler upped their target price on ON Semiconductor from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 7th. Stifel Nicolaus boosted their price objective on shares of ON Semiconductor from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, January 16th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, December 16th. Truist Financial boosted their price target on shares of ON Semiconductor from $51.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. Finally, Benchmark reaffirmed a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Thirteen equities research analysts have rated the stock with a Buy rating and seventeen have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $61.30.

ON Semiconductor Stock Down 0.1%

Shares of NASDAQ:ON opened at $63.07 on Wednesday. The firm has a market capitalization of $25.38 billion, a PE ratio of 81.91, a price-to-earnings-growth ratio of 2.74 and a beta of 1.55. 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 52-week low of $31.04 and a 52-week high of $65.77. The firm has a fifty day moving average of $54.84 and a 200 day moving average of $52.79.

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

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

Insider Buying and Selling at ON Semiconductor

In related news, CFO Trent Thad sold 20,000 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $20,888,612.40. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On ON Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its stake in ON Semiconductor by 11.6% during the 4th quarter. Apollon Wealth Management LLC now owns 7,003 shares of the semiconductor company’s stock valued at $379,000 after purchasing an additional 728 shares during the period. V Square Quantitative Management LLC purchased a new stake in ON Semiconductor in the 4th quarter worth about $313,000. Aaron Wealth Advisors LLC boosted its position in ON Semiconductor by 8.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 13,666 shares of the semiconductor company’s stock worth $740,000 after acquiring an additional 1,011 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of ON Semiconductor in the 4th quarter valued at about $47,000. Finally, Cromwell Holdings LLC lifted its position in shares of ON Semiconductor by 17.4% in the fourth quarter. Cromwell Holdings LLC now owns 1,312 shares of the semiconductor company’s stock worth $71,000 after purchasing an additional 194 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

ON Semiconductor News Roundup

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

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.