Bank of America upgraded shares of ON Semiconductor (NASDAQ:ON – Free Report) from a neutral rating to a buy rating in a report issued on Monday morning, Marketbeat Ratings reports. Bank of America currently has $85.00 target price on the semiconductor company’s stock, up from their prior target price of $70.00.
Several other equities research analysts have also recently commented on ON. Mizuho lowered their target price on ON Semiconductor from $72.00 to $70.00 and set an “outperform” rating for the company in a research note on Tuesday, February 10th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, February 10th. Needham & Company LLC lifted their target price on ON Semiconductor from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. TD Cowen reissued a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, February 10th. Finally, Weiss Ratings cut ON Semiconductor from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, January 30th. Thirteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.96.
Get Our Latest Research Report on ON
ON Semiconductor Trading Up 3.4%
ON Semiconductor (NASDAQ:ON – Get Free Report) last released its earnings results on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The business’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same period last year, the firm earned $0.95 EPS. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Analysts expect that ON Semiconductor will post 2.6 EPS for the current fiscal year.
Insider Transactions at ON Semiconductor
In other ON Semiconductor news, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor 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 in the company, valued at approximately $74,159,842.20. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Trent Thad sold 60,000 shares of ON Semiconductor stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $71.22, for a total value of $4,273,200.00. Following the transaction, the chief financial officer owned 339,460 shares in the company, valued at approximately $24,176,341.20. This represents a 15.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 86,114 shares of company stock worth $6,092,308 in the last three months. Insiders own 0.35% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CVA Family Office LLC lifted its holdings in ON Semiconductor by 83.7% during the fourth quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 215 shares in the last quarter. Root Financial Partners LLC lifted its holdings in ON Semiconductor by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 149 shares in the last quarter. Private Trust Co. NA lifted its holdings in ON Semiconductor by 72.8% during the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 220 shares in the last quarter. DV Equities LLC bought a new position in ON Semiconductor during the fourth quarter worth about $30,000. Finally, Deseret Mutual Benefit Administrators raised 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 valued at $28,000 after purchasing an additional 218 shares during the period. 97.70% of the stock is currently owned by institutional investors.
Key Stories Impacting ON Semiconductor
Here are the key news stories impacting ON Semiconductor this week:
- Positive Sentiment: BofA upgraded ON to a “Buy” and raised its price target to $85, citing ON’s AI pipeline (Treo family), AI power products and a large capital return plan (BofA flagged ~$6B in buybacks over three years) — this is the main catalyst behind today’s upside. BofA Elevates ON Semiconductor (ON) Stock to Buy With $85 Target Amid AI Growth
- Positive Sentiment: Sector tailwind: semiconductor stocks are seeing multi‑day gains as the AI rally broadens — investors are rotating into AI‑exposed chip names, helping ON catch flows even before company‑specific upgrades. Semiconductor stocks eye best 9-day stretch in 24 years as AI rally powers on
- Neutral Sentiment: Analyst discussion and buy notes continue to appear across outlets (BofA, Barchart coverage); these notes tend to boost short‑term momentum but may already be priced in given recent gains. On Semiconductor Pops on Analyst Upgrade. Should You Buy ON Stock Here?
- Neutral Sentiment: Valuation debate: recent coverage (including a valuation piece) notes strong momentum but flags stretched multiples — investors should weigh growth prospects from AI versus a high current P/E. Assessing ON Semiconductor (ON) Valuation After Recent Share Price Momentum
- Negative Sentiment: Fundamentals remain mixed: ON beat EPS ($0.64 vs. $0.62 est.) but revenue fell ~11% year‑over‑year and slightly missed estimates; margins and a low net margin (around 2%) plus a high P/E (~209) leave the stock vulnerable to profit‑taking if AI optimism fades. Q1 guidance is a range (EPS $0.560–0.660), implying execution risk. ON Semiconductor Corporation
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.
See Also
Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.
