ON Semiconductor (NASDAQ:ON) Downgraded to Hold Rating by Benchmark

Benchmark downgraded shares of ON Semiconductor (NASDAQ:ON) from a buy rating to a hold rating in a report issued on Tuesday, MarketBeat.com reports.

Several other research firms have also issued reports on ON. Cfra reissued a “buy” rating and issued a $64.00 price target on shares of ON Semiconductor in a research report on Tuesday, November 4th. Cantor Fitzgerald reissued a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, December 16th. TD Cowen reaffirmed a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Piper Sandler boosted their price objective on ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $50.00 price objective on shares of ON Semiconductor in a report on Tuesday, November 4th. Twelve investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ON Semiconductor has a consensus rating of “Hold” and a consensus target price of $63.76.

ON Semiconductor Stock Performance

Shares of ON opened at $67.33 on Tuesday. ON Semiconductor has a 1 year low of $31.04 and a 1 year high of $68.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. The stock’s fifty day moving average price is $58.70 and its two-hundred day moving average price is $53.07. The firm has a market cap of $27.09 billion, a PE ratio of 198.04, a PEG ratio of 2.81 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. ON Semiconductor had a return on equity of 12.11% and a net margin of 2.02%.The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the company earned $0.95 EPS. The firm’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. On average, equities research analysts forecast that ON Semiconductor will post 2.6 EPS for the current year.

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

Insider Buying and Selling at ON Semiconductor

In other news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction 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 directly 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. Company insiders own 0.31% of the company’s stock.

Institutional Investors Weigh In On ON Semiconductor

A number of institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in ON Semiconductor during the 2nd quarter valued at approximately $228,835,000. Fisher Funds Management LTD boosted its position in shares of ON Semiconductor by 42.0% during the third quarter. Fisher Funds Management LTD now owns 87,729 shares of the semiconductor company’s stock valued at $4,326,000 after purchasing an additional 25,949 shares in the last quarter. Polianta Ltd purchased a new stake in ON Semiconductor in the third quarter worth $1,420,000. Merit Financial Group LLC raised its holdings in ON Semiconductor by 75.2% in the third quarter. Merit Financial Group LLC now owns 51,748 shares of the semiconductor company’s stock worth $2,552,000 after purchasing an additional 22,211 shares in the last quarter. Finally, Mizuho Markets Cayman LP lifted its position in ON Semiconductor by 2,345.0% during the second quarter. Mizuho Markets Cayman LP now owns 150,807 shares of the semiconductor company’s stock valued at $7,904,000 after buying an additional 144,639 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

Key Stories Impacting ON Semiconductor

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

• Positive Sentiment: Company reported record free cash flow for 2025 and authorized a large $6 billion share‑repurchase program, supporting shareholder returns and buyback-driven EPS upside. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Non‑GAAP EPS beat consensus (reported $0.64 vs. ~$0.62) and management highlighted margin improvement potential — a near-term earnings beat that helped stem the initial selloff. onsemi’s Q4 Earnings Beat Estimates
• Positive Sentiment: Product and supply partnerships (new vertical GaN products; MoU / collaborations to scale GaN production) position ON for higher‑value power semiconductor demand (EV, data center power). That technology roadmap supports a constructive medium‑term growth thesis. onsemi Reports Fourth Quarter and Full Year 2025 Results
• Positive Sentiment: Technical/momentum boost — the stock hit a 52‑week high amid the recovery from the post‑release drop, attracting momentum traders and heavier-than-normal volume. On Semiconductor stock hits 52-week high
• Neutral Sentiment: First‑quarter guidance is roughly in line but conservative: company gave a revenue/eps range that implies only modest sequential recovery — investors must watch execution vs. that guide. onsemi Q4 presentation / Q1 outlook
• Neutral Sentiment: Analyst reactions are mixed: several firms raised price targets or reiterated coverage while others trimmed targets or ratings — this keeps near‑term sentiment split and adds volatility risk. These Analysts Revise Their Forecasts On ON Semiconductor After Q4 Results
• Negative Sentiment: Revenue declined ~11% year‑over‑year and the company missed top‑line consensus, with several end‑market segments down — this weak top‑line trend is the primary downside driver. Chipmaker Onsemi misses quarterly revenue estimates, shares fall (Reuters)
• Negative Sentiment: Margins compressed year‑over‑year amid revenue deleveraging and certain one‑time charges; operating income and net income declined materially vs. prior year, flagging near‑term profitability risk until volumes recover. On Semiconductor Fourth-Quarter Sales Fall (WSJ)

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.