ON Semiconductor (NASDAQ:ON) Given New $70.00 Price Target at JPMorgan Chase & Co.

ON Semiconductor (NASDAQ:ON) had its target price lifted by JPMorgan Chase & Co. from $56.00 to $70.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the semiconductor company’s stock.

Other equities research analysts have also recently issued reports about the stock. UBS Group reiterated a “neutral” rating on shares of ON Semiconductor in a research report on Monday, February 2nd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of ON Semiconductor in a research note on Tuesday. Cfra reaffirmed a “buy” rating and set a $64.00 target price on shares of ON Semiconductor in a research note on Tuesday, November 4th. Mizuho cut their price target on ON Semiconductor from $72.00 to $70.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Citigroup lifted their price objective on shares of ON Semiconductor from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday. Twelve investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, ON Semiconductor currently has an average rating of “Hold” and a consensus target price of $63.76.

ON Semiconductor Stock Performance

NASDAQ ON opened at $67.33 on Tuesday. The stock has a fifty day simple moving average of $58.70 and a 200 day simple moving average of $53.07. ON Semiconductor has a twelve month low of $31.04 and a twelve month high of $68.80. The company has a market capitalization of $27.09 billion, a price-to-earnings ratio of 198.04, a PEG ratio of 2.81 and a beta of 1.56. The company has a quick ratio of 3.54, a current ratio of 5.23 and a debt-to-equity ratio of 0.43.

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 analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.54 billion. ON Semiconductor had a return on equity of 12.11% and a net margin of 2.02%.The firm’s revenue was down 11.2% compared to the same quarter last year. During the same period last year, the company earned $0.95 earnings per share. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Sell-side analysts expect that ON Semiconductor will post 2.6 EPS for the current year.

ON Semiconductor declared that its Board of Directors has initiated a stock buyback plan on Tuesday, November 18th that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 32.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, CFO Trent Thad sold 20,000 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the transaction, the chief financial officer directly owned 379,448 shares in the company, valued at approximately $20,888,612.40. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.31% of the company’s stock.

Institutional Trading of ON Semiconductor

A number of hedge funds have recently bought and sold shares of the business. CVA Family Office LLC increased its position in shares of ON Semiconductor by 83.7% during the 4th quarter. CVA Family Office LLC now owns 472 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 215 shares during the last quarter. Root Financial Partners LLC grew its position in ON Semiconductor by 42.1% during the fourth quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 149 shares during the period. Private Trust Co. NA grew its position in ON Semiconductor by 72.8% during the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 220 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in ON Semiconductor during the second quarter worth about $29,000. Finally, Deseret Mutual Benefit Administrators raised its position in ON Semiconductor by 62.3% in the third quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock worth $28,000 after acquiring 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: 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)

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.