ON Semiconductor (NASDAQ:ON) Lowered to Hold Rating by Wall Street Zen

ON Semiconductor (NASDAQ:ON) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Sunday.

Several other analysts have also weighed in on ON. Barclays initiated coverage on shares of ON Semiconductor in a research note on Thursday, February 12th. They issued an “equal weight” rating and a $75.00 price objective for the company. B. Riley Financial raised their price target on shares of ON Semiconductor from $54.00 to $58.00 and gave the stock a “neutral” rating in a report on Tuesday, January 20th. Rosenblatt Securities lifted their price target on shares of ON Semiconductor from $50.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Truist Financial upped their price objective on shares of ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday, February 10th. Finally, Evercore restated an “outperform” rating on shares of ON Semiconductor in a research note on Wednesday, January 7th. Twelve research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, ON Semiconductor has an average rating of “Hold” and an average price target of $64.19.

ON Semiconductor Price Performance

Shares of NASDAQ:ON opened at $62.19 on Friday. ON Semiconductor has a 1 year low of $31.04 and a 1 year high of $73.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98. The business’s 50-day moving average is $63.55 and its 200-day moving average is $56.60. The company has a market capitalization of $24.50 billion, a price-to-earnings ratio of 182.92, a P/E/G ratio of 0.66 and a beta of 1.53.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The business had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The firm’s revenue was down 11.2% on a year-over-year basis. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Equities research analysts predict that ON Semiconductor will post 2.6 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction on Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the completion of the sale, the chief executive officer directly owned 1,015,610 shares of the company’s stock, valued at approximately $74,159,842.20. This represents a 1.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Sudhir Gopalswamy sold 6,114 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the transaction, the insider owned 173,943 shares in the company, valued at approximately $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 86,114 shares of company stock worth $6,092,308. 0.31% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Corient Private Wealth LLC increased its stake in ON Semiconductor by 18.2% in the 4th quarter. Corient Private Wealth LLC now owns 96,120 shares of the semiconductor company’s stock valued at $5,205,000 after buying an additional 14,776 shares during the last quarter. Pure Financial Advisors LLC bought a new position in shares of ON Semiconductor during the 4th quarter worth approximately $213,000. SHP Wealth Management purchased a new position in shares of ON Semiconductor in the 4th quarter worth approximately $32,000. Kera Capital Partners Inc. grew its holdings in shares of ON Semiconductor by 14.3% in the fourth quarter. Kera Capital Partners Inc. now owns 7,391 shares of the semiconductor company’s stock valued at $443,000 after acquiring an additional 922 shares in the last quarter. Finally, Compound Planning Inc. bought a new position in shares of ON Semiconductor in the fourth quarter valued at approximately $247,000. 97.70% of the stock is owned by institutional investors.

Key ON Semiconductor News

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

• Positive Sentiment: Design win with Sineng Electric — Sineng announced it will use ON’s FS7 IGBT and EliteSiC hybrid power modules in new utility‑scale solar string inverters and liquid‑cooled energy storage systems. That’s a direct commercial validation of ON’s IGBT/SiC power portfolio and could drive incremental revenue in renewables and ESS markets where modules command higher ASPs. Should ON Semiconductor’s Sineng Design Win in Utility‑Scale Inverters Require Action From ON (ON) Investors?
• Positive Sentiment: Vision/camera design traction — Vadzo Imaging’s expanded Innova GigE camera portfolio lists onsemi sensors (AR0234, AR0521) and other onsemi components, highlighting continued wins for ON in machine‑vision, surveillance and industrial cameras — adjacent markets to automotive and edge vision where scale could matter over time. Vadzo Imaging Expands Innova High Resolution GigE Camera Series
• Neutral Sentiment: SiC industry momentum — financing for SiC‑based VFD developer SmartD (backed by strategic investors) underscores broader adoption of SiC in power conversion and industrial drives, a market tailwind for ON’s SiC and hybrid module product lines. This supports longer‑term demand but is not an immediate revenue guarantee. SmartD Technologies Secures $15M CAD Financing Round
• Neutral Sentiment: Recent results and guidance mixed — ON beat the EPS consensus modestly for its last quarter but missed revenue by ~$10M and reported an 11% y/y revenue decline; Q1 2026 EPS guidance of $0.56–$0.66 keeps expectations tethered to recovery in end markets. These results validate margin resilience but leave top‑line recovery uncertain. ON Semiconductor Price & Earnings Summary
• Negative Sentiment: Revenue pressure and valuation risk — year‑over‑year revenue decline and a very high trailing P/E (~183x) raise the bar for future execution. If end‑market recovery or further design wins slow, the stock’s lofty multiple could amplify downside. (Background data from recent company results and market metrics.)

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.