Truist Financial Increases ON Semiconductor (NASDAQ:ON) Price Target to $66.00

ON Semiconductor (NASDAQ:ON) had its target price hoisted by equities researchers at Truist Financial from $57.00 to $66.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s target price indicates a potential downside of 7.28% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Williams Trading set a $60.00 price objective on shares of ON Semiconductor in a report on Tuesday, November 4th. Benchmark downgraded ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday. Robert W. Baird raised their price target on ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 4th. TD Cowen reaffirmed a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Finally, Bank of America boosted their target price 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. Twelve research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $63.76.

ON Semiconductor Stock Performance

NASDAQ ON opened at $71.18 on Tuesday. The stock has a market cap of $28.64 billion, a PE ratio of 209.36, a P/E/G ratio of 2.92 and a beta of 1.56. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.54 and a current ratio of 4.52. The firm has a 50-day moving average of $58.98 and a 200-day moving average of $53.20. ON Semiconductor has a 52-week low of $31.04 and a 52-week high of $71.68.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The business’s revenue was down 11.2% on a year-over-year basis. During the same quarter 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 anticipate that ON Semiconductor will post 2.6 EPS for the current year.

ON Semiconductor announced that its board has authorized a stock buyback plan on Tuesday, November 18th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 32.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of the stock in a transaction dated 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 approximately $20,888,612.40. This trade 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 can be accessed through this link. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On ON Semiconductor

Institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA grew its stake in shares of 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 grew its position in shares of ON Semiconductor by 83.7% in 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 during the last quarter. Root Financial Partners LLC increased its stake in shares of ON Semiconductor by 42.1% in the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 149 shares during the period. Quent Capital LLC bought a new position in shares of ON Semiconductor during the third quarter worth about $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of 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 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.