ON Semiconductor (NASDAQ:ON) Raised to Buy at B. Riley Financial

ON Semiconductor (NASDAQ:ON) was upgraded by B. Riley Financial from a “neutral” rating to a “buy” rating in a report issued on Thursday, MarketBeat reports. The brokerage currently has a $115.00 price objective on the semiconductor company’s stock. B. Riley Financial’s price objective would suggest a potential upside of 16.87% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Rosenblatt Securities raised their price objective on shares of ON Semiconductor from $50.00 to $60.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 10th. Barclays initiated coverage on shares of ON Semiconductor in a research report on Thursday, February 12th. They set an “equal weight” rating and a $75.00 price objective for the company. Evercore restated an “outperform” rating on shares of ON Semiconductor in a research report on Wednesday, January 7th. Truist Financial raised their price objective on shares of ON Semiconductor from $57.00 to $66.00 and gave the stock a “hold” rating in a research report on Tuesday, February 10th. Finally, BNP Paribas Exane upgraded shares of ON Semiconductor from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 22nd. Fourteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $67.15.

ON Semiconductor Trading Up 0.6%

Shares of NASDAQ:ON opened at $98.40 on Thursday. The company has a 50-day simple moving average of $67.55 and a 200 day simple moving average of $59.46. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 4.52. The company has a market capitalization of $38.70 billion, a P/E ratio of 289.42, a price-to-earnings-growth ratio of 0.98 and a beta of 1.53. ON Semiconductor has a 52-week low of $37.19 and a 52-week high of $100.30.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.22%. The business’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Sell-side analysts forecast that ON Semiconductor will post 2.93 earnings per share for the current year.

Insider Activity

In other news, insider Sudhir Gopalswamy sold 6,114 shares of ON Semiconductor stock in a transaction that occurred 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 completion of the sale, the insider directly owned 173,943 shares in the company, valued at approximately $10,205,235.81. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Trent Thad sold 30,000 shares of ON Semiconductor stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $80.00, for a total transaction of $2,400,000.00. Following the completion of the sale, the chief financial officer owned 331,194 shares of the company’s stock, valued at approximately $26,495,520. The trade was a 8.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 116,114 shares of company stock worth $8,492,308. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On ON Semiconductor

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its position in shares of ON Semiconductor by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock valued at $639,716,000 after buying an additional 877,533 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of ON Semiconductor by 8.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock valued at $360,828,000 after buying an additional 474,725 shares in the last quarter. Norges Bank acquired a new stake in shares of ON Semiconductor in the fourth quarter valued at approximately $330,885,000. Rafferty Asset Management LLC raised its position in shares of ON Semiconductor by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after buying an additional 2,072,125 shares in the last quarter. Finally, Pictet Asset Management Holding SA raised its position in shares of ON Semiconductor by 15.5% in the first quarter. Pictet Asset Management Holding SA now owns 4,597,886 shares of the semiconductor company’s stock valued at $284,495,000 after buying an additional 615,905 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.

ON Semiconductor News Roundup

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

• Positive Sentiment: B. Riley upgraded ON to Buy and raised its price target sharply, which helped trigger renewed buying and pushed shares to fresh multi‑year highs. ON Semiconductor (ON) Stock Soars to 52-Week Peak After Major Analyst Upgrade
• Positive Sentiment: A Boston Trust Walden 13F filing shows the fund added 871,786 ON shares for the quarter — a sizable institutional buy that signals professional buyers are increasing exposure. Fund Update: 871,786 ON SEMICONDUCTOR (ON) shares added to Boston Trust Walden Corp portfolio
• Positive Sentiment: Broader semiconductor momentum and recent analyst bullishness have driven short‑term positioning ahead of ON’s upcoming Q1 report, adding technical fuel to the rally. onsemi surges 10% as analysts turn more bullish and traders position ahead of May earnings
• Neutral Sentiment: Upcoming earnings (company scheduled to report in early May) are a near‑term catalyst — that concentrates both upside (beat/raise) and event risk (miss/guide down). Market moves reflect positioning into that event rather than new fundamental proof yet. These Chip Stocks Power Sector’s Latest Advance
• Negative Sentiment: Insiders have been net sellers recently (multiple filings show executive sales), which can be perceived negatively by the market — worth monitoring for follow‑through. onsemi surges 10% as analysts turn more bullish and traders position ahead of May earnings
• Negative Sentiment: Several commentaries flag that the stock’s rapid, multi‑week run looks parabolic and could attract profit‑taking or a sharp pullback; ON’s trailing valuation is rich (background P/E ~289), so a weak print or cautious guidance could reverse gains quickly. ON Semiconductor: Chip Stocks’ Parabolic Rise Draws Concerns
• Negative Sentiment: Prominent commentators (e.g., Jim Cramer) have voiced skepticism about the sustainability of the rally — cautionary views that can amplify volatility if sentiment shifts. Jim Cramer on ON Semiconductor: “Bit of a Mystery to Me”

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.