ON Semiconductor (NASDAQ:ON) Hits New 12-Month High Following Analyst Upgrade

Shares of ON Semiconductor Corporation (NASDAQ:ON) hit a new 52-week high on Wednesday after Bank of America raised their price target on the stock from $60.00 to $65.00. Bank of America currently has a neutral rating on the stock. ON Semiconductor traded as high as $63.84 and last traded at $63.4230, with a volume of 6686349 shares traded. The stock had previously closed at $60.06.

A number of other brokerages have also recently weighed in on ON. Williams Trading set a $60.00 price objective on shares of ON Semiconductor in a report on Tuesday, November 4th. Truist Financial boosted their price target on shares of ON Semiconductor from $51.00 to $57.00 and gave the stock a “hold” rating in a research note on Friday, December 19th. UBS Group upped their price objective on ON Semiconductor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. TD Cowen reiterated a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of ON Semiconductor in a research note on Monday, December 29th. Thirteen research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $61.27.

Insider Buying and Selling

In related news, CFO Trent Thad sold 20,000 shares of the stock in a transaction on 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 transaction, the chief financial officer owned 379,448 shares of the company’s stock, valued at $20,888,612.40. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.31% of the stock is owned by company insiders.

ON Semiconductor News Roundup

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.

Institutional Investors Weigh In On ON Semiconductor

A number of institutional investors and hedge funds have recently bought and sold shares of ON. Vanguard Group Inc. grew its holdings in shares of ON Semiconductor by 0.5% during 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 during the last quarter. Ameriprise Financial Inc. boosted its position in shares of ON Semiconductor by 7.7% in the 2nd 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 during the period. Geode Capital Management LLC grew its stake in ON Semiconductor by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 11,296,301 shares of the semiconductor company’s stock worth $590,383,000 after buying an additional 77,795 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in ON Semiconductor by 8.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock worth $360,828,000 after buying an additional 474,725 shares during the period. Finally, Rafferty Asset Management LLC lifted its stake in ON Semiconductor by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after buying an additional 2,072,125 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.

ON Semiconductor Stock Performance

The company has a market cap of $25.40 billion, a PE ratio of 81.99, a PEG ratio of 2.61 and a beta of 1.55. The stock has a 50 day simple moving average of $54.54 and a two-hundred day simple moving average of $52.72. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, beating 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 analysts’ expectations of $1.52 billion. During the same period in the previous year, the company posted $0.99 EPS. The company’s quarterly 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. Equities analysts predict that ON Semiconductor Corporation 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 repurchase $6.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 32.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

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.