JPMorgan Chase & Co. Increases ON Semiconductor (NASDAQ:ON) Price Target to $70.00

ON Semiconductor (NASDAQ:ON) had its price target upped by research analysts at JPMorgan Chase & Co. from $56.00 to $70.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 1.66% from the stock’s previous close.

A number of other research firms have also weighed in on ON. Truist Financial lifted their target price on ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday. Williams Trading set a $60.00 price target on shares of ON Semiconductor in a report on Tuesday, November 4th. BNP Paribas Exane raised shares of ON Semiconductor from a “strong sell” rating to a “hold” rating in a report on Thursday, January 22nd. UBS Group restated a “neutral” rating on shares of ON Semiconductor in a research note on Monday, February 2nd. Finally, Benchmark cut ON Semiconductor from a “buy” rating to a “hold” rating in a report on Tuesday. Twelve investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, ON Semiconductor presently has an average rating of “Hold” and a consensus target price of $63.76.

ON Semiconductor Price Performance

NASDAQ ON opened at $71.18 on Tuesday. The firm’s 50-day simple moving average is $58.98 and its two-hundred day simple moving average is $53.20. ON Semiconductor has a 52 week low of $31.04 and a 52 week high of $71.68. The company has a quick ratio of 3.54, a current ratio of 4.52 and a debt-to-equity ratio of 0.39. The company has a market cap of $28.64 billion, a PE ratio of 209.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last announced 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 analysts’ expectations of $1.54 billion. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.22%. ON Semiconductor’s revenue was down 11.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.95 EPS. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Research analysts predict that ON Semiconductor will post 2.6 earnings per share for the current year.

ON Semiconductor declared that its board has authorized a share repurchase program on Tuesday, November 18th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 32.7% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at ON Semiconductor

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total value of $1,101,000.00. Following the completion of the transaction, 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 document filed with the SEC, which is available through the SEC website. Company insiders own 0.31% of the company’s stock.

Institutional Trading of ON Semiconductor

Several hedge funds have recently modified their holdings of the company. Private Trust Co. NA increased its position in ON Semiconductor by 72.8% in the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 220 shares during the last quarter. CVA Family Office LLC raised its position in shares of ON Semiconductor by 83.7% during the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 215 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of ON Semiconductor by 42.1% in the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 149 shares during the last quarter. Quent Capital LLC purchased a new position in ON Semiconductor in the third quarter worth about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in ON Semiconductor by 68.7% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 235 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting ON Semiconductor

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

• Positive Sentiment: Q4 EPS beat and constructive near‑term guidance: ON reported adjusted EPS ahead of consensus (reported $0.64) and gave Q1 FY2026 EPS guidance of $0.56–$0.66, together with management commentary that revenue growth and margin improvement should accelerate through 2026 — a setup investors like for earnings upside and a path to stronger buyback support. Q4 Earnings Snapshot
• Positive Sentiment: Big buyback runway / free cash flow story: Management authorized a sizable buyback program (board added a roughly $6B authorization) and Onsemi flagged record free cash flow margins in 2025 — that increases potential share repurchases as revenue recovers, a clearly positive capital‑return tailwind. Onsemi Is Near a Breakout—And Free Cash Flow Could Fuel It
• Positive Sentiment: Analyst upgrades and higher targets from some shops: Several firms raised price targets or reiterated constructive views after the print (KeyCorp / Needham among those increasing targets), which can sustain buying interest and support the rally. Analyst Revisions After Q4
• Neutral Sentiment: Mixed market/technical view — breakout narrative vs. congestion: Coverage pieces highlight a potential technical breakout and strengthening support base, but also note institutional ownership concentration and likely volatility at higher levels; this makes continuation possible but uneven. MarketBeat breakout analysis
• Negative Sentiment: Revenue decline and segment weakness: Revenue fell ~11% year‑over‑year and the top line missed slightly; Power Solutions and Analog & Mixed Signal segments contracted — a reminder that demand recovery is uneven and could cap near‑term upside if top‑line trends lag. Earnings Beat But Revenues Down Y/Y (Zacks)
• Negative Sentiment: New risk disclosure on AI integration: The company disclosed strategic, legal and cyber risks tied to AI integration initiatives — this is a non‑trivial operational/legal risk that could increase compliance or security costs and add execution uncertainty for AI‑related product launches. AI Integration Risk Disclosure

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.