ON Semiconductor (NASDAQ:ON) Given a $62.00 Price Target at BNP Paribas Exane

BNP Paribas Exane set a $62.00 price objective on ON Semiconductor (NASDAQ:ON) in a research note issued to investors on Thursday morning, MarketBeat reports. The firm currently has a neutral rating on the semiconductor company’s stock.

Several other brokerages have also commented on ON. Cfra reissued a “buy” rating and set a $64.00 price objective on shares of ON Semiconductor in a report on Tuesday, November 4th. Wells Fargo & Company lifted their target price on shares of ON Semiconductor from $62.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Williams Trading set a $60.00 price target on shares of ON Semiconductor in a report on Tuesday, November 4th. Robert W. Baird raised their price objective on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, Truist Financial upped their target price on shares of ON Semiconductor from $51.00 to $57.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. Thirteen investment analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company. According to data from MarketBeat.com, ON Semiconductor presently has an average rating of “Hold” and a consensus price target of $61.30.

ON Semiconductor Stock Down 0.1%

ON opened at $63.07 on Thursday. The firm has a market capitalization of $25.38 billion, a P/E ratio of 81.91, a price-to-earnings-growth ratio of 2.74 and a beta of 1.55. ON Semiconductor has a one year low of $31.04 and a one year high of $65.77. The company has a fifty day moving average price of $54.84 and a 200-day moving average price of $52.79. 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 posted its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $1.52 billion. During the same quarter last year, the company earned $0.99 earnings per share. The firm’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 research analysts expect that ON Semiconductor will post 2.6 earnings per share for the current fiscal year.

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

Insider Activity at ON Semiconductor

In other news, CFO Trent Thad sold 20,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief financial officer owned 379,448 shares of the company’s stock, valued at approximately $20,888,612.40. The trade was a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On ON Semiconductor

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its holdings in 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 acquiring an additional 220 shares during the period. CVA Family Office LLC grew its stake in shares of ON Semiconductor by 83.7% during the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 215 shares during the period. Quent Capital LLC purchased a new stake in shares of ON Semiconductor during the 3rd quarter valued at about $28,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of ON Semiconductor by 68.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 235 shares during the period. Finally, Deseret Mutual Benefit Administrators lifted its stake in shares of ON Semiconductor by 62.3% in 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 during the period. 97.70% of the stock is owned by institutional investors.

ON Semiconductor News Summary

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

• Positive Sentiment: Bank of America raised its price target to $65 (from $60) — a modest analyst upgrade that supports upside and reflects continued confidence in ON’s growth outlook. Bank of America raises PT to $65
• Positive Sentiment: The stock recently hit a 52-week high, signaling strong buying interest and momentum that can attract momentum/technical traders. 52-week high report
• Positive Sentiment: ON’s Relative Strength (RS) rating jumped (reported coverage notes an RS increase to 84), reinforcing the view that price momentum is improving versus peers. RS rating jump
• Neutral Sentiment: Market aggregate remains cautious — sources show ON’s consensus analyst rating as roughly a “Hold,” indicating mixed views among sell-side analysts. That moderates the impact of single-firm upgrades. Analyst consensus ‘Hold’
• Neutral Sentiment: Research/feature pieces (e.g., TipRanks coverage) continue to highlight ON’s stable 2026 outlook and industry exposure to automotive and industrial chips — useful context but not an immediate catalyst. Is ON a good buy in 2026?
• Negative Sentiment: BNP Paribas Exane set a new $62 price target with a “neutral” rating — a lower target that can weigh on sentiment for investors seeking higher upside. BNP Paribas Exane PT $62

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.