ON Semiconductor (NASDAQ:ON) Price Target Raised to $72.00 at Needham & Company LLC

ON Semiconductor (NASDAQ:ON) had its target price increased by Needham & Company LLC from $68.00 to $72.00 in a research report released on Tuesday morning, MarketBeat reports. The firm currently has a buy rating on the semiconductor company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial lifted their price target on shares of ON Semiconductor from $57.00 to $66.00 and gave the stock a “hold” rating in a report on Tuesday. Evercore restated an “outperform” rating on shares of ON Semiconductor in a research note on Wednesday, January 7th. Benchmark downgraded ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday. TD Cowen reissued a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, Williams Trading set a $60.00 price objective on shares of ON Semiconductor in a report on Tuesday, November 4th. Twelve equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $63.76.

ON Semiconductor Price Performance

Shares of NASDAQ:ON opened at $67.33 on Tuesday. The company has a market capitalization of $27.09 billion, a P/E ratio of 198.04, a price-to-earnings-growth ratio of 2.81 and a beta of 1.56. The company’s 50-day moving average is $58.70 and its 200 day moving average is $53.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.54 and a current ratio of 5.23. ON Semiconductor has a fifty-two week low of $31.04 and a fifty-two week high of $68.80.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data 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. The business 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 12.11%. The firm’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 earnings per share. 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 earnings per share for the current year.

ON Semiconductor declared that its Board of Directors has approved a stock repurchase program on Tuesday, November 18th that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 32.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at ON Semiconductor

In other news, CFO Trent Thad sold 20,000 shares of the company’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the sale, the chief financial officer directly owned 379,448 shares in the company, valued at $20,888,612.40. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by corporate insiders.

Institutional Trading of ON Semiconductor

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank purchased a new stake in ON Semiconductor in the 4th quarter worth approximately $330,885,000. Two Sigma Investments LP increased its holdings in shares of ON Semiconductor by 636.1% in the third quarter. Two Sigma Investments LP now owns 3,749,751 shares of the semiconductor company’s stock worth $184,900,000 after purchasing an additional 3,240,375 shares during the period. 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 worth $305,943,000 after buying an additional 2,072,125 shares in the last quarter. M&G PLC raised its position in shares of ON Semiconductor by 164.2% in the second quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company’s stock worth $127,873,000 after buying an additional 1,528,311 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in ON Semiconductor by 312.8% during the second quarter. Alliancebernstein L.P. now owns 2,011,077 shares of the semiconductor company’s stock valued at $105,401,000 after buying an additional 1,523,866 shares during the period. Institutional investors own 97.70% of the company’s stock.

Trending Headlines about 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)

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.