KeyCorp Issues Positive Forecast for ON Semiconductor (NASDAQ:ON) Stock Price

ON Semiconductor (NASDAQ:ON) had its price target upped by KeyCorp from $65.00 to $75.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an overweight rating on the semiconductor company’s stock.

Several other equities analysts have also weighed in on ON. Truist Financial increased their price objective on ON Semiconductor from $57.00 to $66.00 and gave the company a “hold” rating in a report on Tuesday. Needham & Company LLC increased their price target on ON Semiconductor from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday. Rosenblatt Securities lifted their price objective on ON Semiconductor from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, December 16th. 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. Twelve equities research analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $63.76.

ON Semiconductor Price Performance

ON opened at $67.33 on Tuesday. ON Semiconductor has a fifty-two week low of $31.04 and a fifty-two week high of $68.80. The firm has a 50-day moving average of $58.70 and a 200 day moving average of $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. The firm has a market cap of $27.09 billion, a P/E ratio of 198.04, a PEG ratio of 2.81 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. ON Semiconductor had a net margin of 2.02% and a return on equity of 12.11%. The firm had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company earned $0.95 earnings per share. The company’s quarterly 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. On average, research analysts expect that ON Semiconductor will post 2.6 EPS for the current year.

ON Semiconductor declared that its Board of Directors has authorized a share buyback program on Tuesday, November 18th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 32.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total value of $1,101,000.00. Following the completion of the sale, the chief financial officer directly owned 379,448 shares in the company, valued at $20,888,612.40. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.31% of the stock is currently owned by insiders.

Institutional Investors Weigh In On ON Semiconductor

Large investors have recently made changes to their positions in the company. Private Trust Co. NA grew its position in shares of ON Semiconductor by 72.8% during the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 220 shares during the period. CVA Family Office LLC increased its holdings in ON Semiconductor by 83.7% in the 4th 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 raised its stake in ON Semiconductor by 42.1% during the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 149 shares during the period. Quent Capital LLC purchased a new position in ON Semiconductor during the third quarter valued at approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of ON Semiconductor by 68.7% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 235 shares during the period. 97.70% of the stock is currently owned by institutional investors.

More ON Semiconductor News

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.