ON Semiconductor (NASDAQ:ON) Upgraded by Wall Street Zen to “Buy” Rating

ON Semiconductor (NASDAQ:ON) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other equities analysts have also issued reports on the stock. Stifel Nicolaus raised their target price on shares of ON Semiconductor from $50.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, January 16th. TD Cowen reiterated a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, February 10th. Wells Fargo & Company increased their price target on shares of ON Semiconductor from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Benchmark downgraded shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th. Finally, Weiss Ratings lowered shares of ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, January 30th. Twelve equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, ON Semiconductor presently has an average rating of “Hold” and a consensus price target of $64.19.

ON Semiconductor Stock Down 6.5%

ON Semiconductor stock opened at $56.87 on Friday. The company has a market capitalization of $22.41 billion, a P/E ratio of 167.27, a PEG ratio of 0.65 and a beta of 1.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 4.52. ON Semiconductor has a fifty-two week low of $31.04 and a fifty-two week high of $73.76. The stock has a 50-day simple moving average of $63.22 and a 200-day simple moving average of $55.06.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter last year, the business posted $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. Equities research analysts expect that ON Semiconductor will post 2.6 earnings per share 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.

Insiders Place Their Bets

In other news, CFO Trent Thad sold 60,000 shares of the business’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the transaction, the chief financial officer directly owned 339,460 shares in the company, valued at $24,176,341.20. The trade was a 15.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $73.02, for a total transaction of $1,460,400.00. Following the transaction, the chief executive officer directly owned 1,015,610 shares of the company’s stock, valued at $74,159,842.20. This represents a 1.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.31% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ON Semiconductor

A number of institutional investors have recently added to or reduced their stakes in ON. Norges Bank acquired a new position in shares of ON Semiconductor during the 2nd quarter worth $228,835,000. Fisher Funds Management LTD lifted its stake in shares of ON Semiconductor by 42.0% in 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 during the period. Polianta Ltd purchased a new stake in ON Semiconductor during the third quarter worth about $1,420,000. Merit Financial Group LLC grew its position in ON Semiconductor by 75.2% during the third quarter. Merit Financial Group LLC now owns 51,748 shares of the semiconductor company’s stock worth $2,552,000 after buying an additional 22,211 shares during the period. Finally, Rakuten Investment Management Inc. acquired a new position in ON Semiconductor during the third quarter worth about $5,327,000. Hedge funds and other institutional investors own 97.70% of the company’s stock.

ON Semiconductor News Roundup

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

• Positive Sentiment: Renewed investor appetite for semiconductor names after a prominent investor bought a large stake in Nvidia — this kind of high-profile buying can lift sentiment across the chip sector and benefit ON as investors rotate into semiconductor exposure. This Billionaire Just Bought 1 MILLION Shares of Nvidia Stock
• Neutral Sentiment: Coverage piece highlighting rising investor attention in ON — notes valuation and liquidity metrics and flags ON as a name drawing retail and analyst focus; such attention can increase trading volume but doesn’t guarantee direction. ON Semiconductor Corporation (ON) is Attracting Investor Attention
• Neutral Sentiment: Recent quarterly results: ON reported $0.64 EPS (slightly above consensus) but revenue was down ~11% year-over-year and missed estimates — the company set Q1 fiscal guidance of $0.560–0.660 EPS. The EPS beat supports valuation, while weaker revenue and modest guidance temper the outlook.
• Negative Sentiment: End-market uncertainty in data-heavy segments: reports that video-game companies and other customers face storage and AI-related adoption issues may reduce near-term demand for components; sector-specific weakness can weigh on ON’s cyclical end markets. SONY vs. MSFT vs. NTDOF: Video Games Have a Storage Problem Thanks to AI
• Negative Sentiment: Valuation and recent run-up: ON’s P/E and recent 50-day/200-day moving average context make the stock vulnerable to profit-taking after hitting multi-month highs; combined with the revenue decline, that likely contributed to today’s downside pressure.

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.