ON Semiconductor (NASDAQ:ON) Price Target Raised to $75.00

ON Semiconductor (NASDAQ:ON) had its target price upped by KeyCorp from $65.00 to $75.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the semiconductor company’s stock.

ON has been the subject of several other research reports. Cfra restated a “buy” rating and issued a $64.00 target price on shares of ON Semiconductor in a research note on Tuesday, November 4th. Benchmark cut shares of ON Semiconductor from a “buy” rating to a “hold” rating in a report on Tuesday. Evercore reaffirmed an “outperform” rating on shares of ON Semiconductor in a report on Wednesday, January 7th. Morgan Stanley boosted their target price on ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday, November 24th. Finally, Needham & Company LLC raised their price target on ON Semiconductor from $68.00 to $72.00 and gave the company a “buy” rating in a report on Tuesday. Twelve investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.19.

ON Semiconductor Trading Down 0.8%

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

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

ON Semiconductor declared that its Board of Directors has initiated a share buyback plan on Tuesday, November 18th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 32.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity at ON Semiconductor

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

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. CVA Family Office LLC boosted 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 worth $26,000 after buying an additional 215 shares in the last quarter. Root Financial Partners LLC raised its position in ON Semiconductor by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 149 shares during the last quarter. Private Trust Co. NA lifted its holdings 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 valued at $26,000 after purchasing an additional 220 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of ON Semiconductor in the second quarter valued at approximately $29,000. Finally, Deseret Mutual Benefit Administrators increased its stake in shares of ON Semiconductor by 62.3% during the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 218 shares in the last quarter. Hedge funds and other 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

About ON Semiconductor

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.