Truist Financial Issues Positive Forecast for ON Semiconductor (NASDAQ:ON) Stock Price

ON Semiconductor (NASDAQ:ON) had its price target boosted by Truist Financial from $51.00 to $57.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

A number of other brokerages have also recently issued reports on ON. Cfra reissued a “buy” rating and issued a $64.00 price objective on shares of ON Semiconductor in a research note on Tuesday, November 4th. Cowen reiterated a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, November 4th. Morgan Stanley boosted their price objective on ON Semiconductor from $55.00 to $56.00 and gave the company an “equal weight” rating in a research report on Monday, November 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of ON Semiconductor in a research report on Monday. Finally, UBS Group lifted their target price on ON Semiconductor from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $59.35.

ON Semiconductor Stock Up 1.6%

NASDAQ ON opened at $55.21 on Friday. ON Semiconductor has a 52 week low of $31.04 and a 52 week high of $67.95. The company has a quick ratio of 3.54, a current ratio of 5.23 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $22.22 billion, a P/E ratio of 71.70, a price-to-earnings-growth ratio of 2.90 and a beta of 1.57. The stock’s 50-day moving average price is $51.14 and its 200-day moving average price is $51.85.

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

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

Insider Activity at ON Semiconductor

In related news, CFO Trent Thad sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were 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 of the company’s stock, 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 SEC, which can be accessed through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On ON Semiconductor

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of ON Semiconductor by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 51,367,704 shares of the semiconductor company’s stock worth $2,692,181,000 after buying an additional 243,238 shares during the last quarter. Ameriprise Financial Inc. grew its position in ON Semiconductor by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock worth $639,716,000 after acquiring an additional 877,533 shares in the last quarter. Geode Capital Management LLC increased its stake in ON Semiconductor by 0.7% during the second quarter. Geode Capital Management LLC now owns 11,296,301 shares of the semiconductor company’s stock worth $590,383,000 after acquiring an additional 77,795 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in ON Semiconductor by 0.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,889,080 shares of the semiconductor company’s stock valued at $284,737,000 after purchasing an additional 53,748 shares during the period. Finally, Rafferty Asset Management LLC lifted its stake in shares of ON Semiconductor by 55.0% in the 2nd quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after purchasing an additional 2,072,125 shares during the last quarter. Institutional investors own 97.70% of the company’s stock.

Trending Headlines about ON Semiconductor

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

• Positive Sentiment: onsemi announced a collaboration with GlobalFoundries to develop next‑generation 650V lateral GaN power devices targeting AI data centers, automotive, aerospace and other high‑growth end markets — a product expansion that can lift ASPs and address high‑margin demand for power ICs. onsemi to Develop Next-Generation GaN Power Devices with GlobalFoundries
• Positive Sentiment: Truist raised its price target on ON (from $51 to $57) and kept a Hold rating — analyst action provides validation for upside vs. prior estimates and can support short‑term buying. Benzinga note on Truist price target
• Neutral Sentiment: Broader market context — U.S. inflation data and rate expectations have been moderating, which generally supports semiconductors via lower discount rates and potential easing of end‑market demand concerns; this is a market tailwind but not company‑specific.
• Negative Sentiment: Earlier weakness and short‑term volatility remain risks: some analysts/news highlighted recent pullbacks in ON’s price and the company’s trailing results show revenue softness year‑over‑year, leaving execution and margin recovery as watch points for investors. Zacks: ON suffered a larger drop than market

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.