Bank of America Issues Positive Forecast for ON Semiconductor (NASDAQ:ON) Stock Price

ON Semiconductor (NASDAQ:ON) had its target price hoisted by Bank of America from $60.00 to $65.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Bank of America currently has a neutral rating on the semiconductor company’s stock.

A number of other analysts also recently commented on the company. B. Riley raised their price objective on ON Semiconductor from $54.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company raised their target price on ON Semiconductor from $62.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of ON Semiconductor in a report on Monday, December 29th. Robert W. Baird raised 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, Cfra reiterated a “buy” rating and set a $64.00 target price on shares of ON Semiconductor in a research report on Tuesday, November 4th. Thirteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $61.27.

ON Semiconductor Stock Up 5.1%

Shares of ON stock opened at $63.13 on Wednesday. ON Semiconductor has a 12 month low of $31.04 and a 12 month high of $63.84. 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 firm has a market cap of $25.40 billion, a PE ratio of 81.99, a price-to-earnings-growth ratio of 2.61 and a beta of 1.55. The stock has a 50 day moving average of $54.54 and a 200-day moving average of $52.72.

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

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

Insiders Place Their Bets

In other news, CFO Trent Thad sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the completion of the sale, the chief financial officer 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 filing with the SEC, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On ON Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of ON. Private Trust Co. NA grew its holdings in shares of ON Semiconductor by 72.8% during 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 increased its position in 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 acquiring an additional 215 shares in the last quarter. Quent Capital LLC acquired a new stake in ON Semiconductor in the 3rd quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of ON Semiconductor by 68.7% in 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. Finally, Deseret Mutual Benefit Administrators lifted its position in shares of ON Semiconductor by 62.3% during the third 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. 97.70% of the stock is owned by institutional investors and hedge funds.

ON Semiconductor News Summary

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

• Positive Sentiment: Bank of America raised its price target on ON to $65 (from $60), citing valuation/target upside even as the firm kept a “neutral” stance — the higher target is driving renewed analyst-led interest. Article Title
• Positive Sentiment: Price momentum — ON recently registered a 52‑week high, signaling technical strength that often attracts momentum and ETF flows. On Semiconductor stock hits 52-week high
• Positive Sentiment: Sector tailwinds — fresh coverage on a semiconductor “super cycle” and capacity investments is lifting chip-equipment and device suppliers, supporting demand expectations for ON’s power, analog and automotive products. US chipmakers capitalize on semiconductor ‘super cycle’
• Neutral Sentiment: Recent fundamentals: ON beat consensus on its last reported quarter (EPS and revenue) and provided forward guidance for the next quarter — supportive, but the company is still navigating a revenue decline versus year‑ago levels.
• Negative Sentiment: Valuation and growth risk — ON trades at a high P/E (~82x) and its revenue was down year-over-year; if demand softens or margins compress, the stock could see mean reversion pressure despite current momentum.

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.