ON Semiconductor (NASDAQ:ON) Price Target Raised to $72.00

ON Semiconductor (NASDAQ:ON) had its target price raised by Needham & Company LLC from $68.00 to $72.00 in a report issued on Tuesday, Marketbeat.com reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other equities research analysts have also issued reports on ON. Truist Financial upped their target price on shares of ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a research note on Tuesday. Evercore reiterated an “outperform” rating on shares of ON Semiconductor in a research report on Wednesday, January 7th. Williams Trading set a $60.00 price target on ON Semiconductor in a research report on Tuesday, November 4th. Robert W. Baird lifted their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Cantor Fitzgerald reissued a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, December 16th. Twelve analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $64.19.

ON Semiconductor Price Performance

ON stock opened at $70.63 on Tuesday. The stock’s 50 day moving average is $59.30 and its two-hundred day moving average is $53.32. ON Semiconductor has a 52-week low of $31.04 and a 52-week high of $73.63. The company has a market capitalization of $27.83 billion, a PE ratio of 207.74, a P/E/G ratio of 0.76 and a beta of 1.56. The company has a quick ratio of 3.54, a current ratio of 4.52 and a debt-to-equity ratio of 0.39.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.22%. The business’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.95 earnings per share. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Analysts predict that ON Semiconductor will post 2.6 earnings per share for the current fiscal year.

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

Insider Buying and Selling at ON Semiconductor

In other news, CFO Trent Thad sold 60,000 shares of the business’s stock in a transaction on Thursday, February 12th. The shares were sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the completion of the transaction, the chief financial officer owned 339,460 shares of the company’s stock, valued at approximately $24,176,341.20. The trade was a 15.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Hassane El-Khoury sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $73.02, for a total transaction of $1,460,400.00. Following the completion of the sale, the chief executive officer owned 1,015,610 shares in the company, valued at $74,159,842.20. The trade was a 1.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 100,000 shares of company stock valued at $6,834,600. Corporate insiders own 0.31% of the company’s stock.

Institutional Trading of ON Semiconductor

Several hedge funds have recently added to or reduced their stakes in ON. Vanguard Group Inc. grew its stake in shares of ON Semiconductor by 0.5% in the second quarter. Vanguard Group Inc. now owns 51,367,704 shares of the semiconductor company’s stock worth $2,692,181,000 after purchasing an additional 243,238 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of ON Semiconductor by 7.7% during the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock valued at $639,716,000 after purchasing an additional 877,533 shares in the last quarter. Geode Capital Management LLC lifted its holdings in ON Semiconductor by 0.7% in the second quarter. Geode Capital Management LLC now owns 11,296,301 shares of the semiconductor company’s stock worth $590,383,000 after purchasing an additional 77,795 shares during the period. Allspring Global Investments Holdings LLC grew its position in ON Semiconductor by 8.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock valued at $360,828,000 after buying an additional 474,725 shares in the last quarter. Finally, Norges Bank bought a new position in ON Semiconductor in the 4th quarter valued at about $330,885,000. Institutional investors own 97.70% of the company’s stock.

More ON Semiconductor News

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

• Positive Sentiment: Q4 results, record free cash flow and a large buyback program underpin the bullish case — management beat EPS expectations, highlighted record FCF and the board authorized an additional $6 billion in buybacks (supporting share returns and potential supply reduction). Onsemi Is Near a Breakout—And Free Cash Flow Could Fuel It
• Positive Sentiment: Several analyst houses raised targets or reiterated conviction after the quarter (JPMorgan, Truist, Rosenblatt raised targets), which can attract momentum buyers and institutional support. JPMorgan Increases ON Semiconductor Price Target to $70
• Neutral Sentiment: Barclays initiated coverage with an Equalweight rating — a neutral institutional entry that adds liquidity/coverage but doesn’t signal strong directional conviction. Barclays initiates ON Semiconductor coverage
• Neutral Sentiment: Analyst commentary is mixed overall — some price-target raises and upbeat takeaways on recovery and margins, while a handful of shops trimmed ratings/targets. That creates two-sided analyst flow and keeps the story market-sensitive. Seeking Alpha: ON Semiconductor – Reiterate Buy Upon Correction
• Negative Sentiment: Insider selling by top executives: CFO Trent Thad sold 60,000 shares (~$4.27M) and CEO Hassane El‑Khoury sold 20,000 shares (~$1.46M) this week — sizable insider disposals can signal personal liquidity or reduce near-term conviction and may pressure sentiment. CFO Trent Thad SEC filing CEO Hassane El‑Khoury SEC filing
• Negative Sentiment: Top-line pressure and risk disclosures remain: revenue is still below year-ago levels and management flagged strategic/legal/cyber risks related to AI integration — these keep execution risk elevated while the market awaits durable revenue recovery. Q4 2025 earnings call transcript

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.