Bank of America Increases ON Semiconductor (NASDAQ:ON) Price Target to $65.00

ON Semiconductor (NASDAQ:ON) had its price objective lifted by Bank of America from $60.00 to $65.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the semiconductor company’s stock. Bank of America‘s price target indicates a potential upside of 4.93% from the company’s previous close.

A number of other analysts have also commented on ON. Wells Fargo & Company boosted their price target on ON Semiconductor from $62.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, January 15th. Williams Trading set a $60.00 target price on ON Semiconductor in a research note on Tuesday, November 4th. UBS Group upped their price target on ON Semiconductor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of ON Semiconductor in a report on Monday, December 29th. Finally, Citigroup increased their target price on shares of ON Semiconductor from $54.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Fifteen analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. Based on data from MarketBeat.com, ON Semiconductor currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.22.

ON Semiconductor Stock Up 3.1%

Shares of ON Semiconductor stock traded up $1.88 on Wednesday, hitting $61.94. The company had a trading volume of 1,195,697 shares, compared to its average volume of 8,539,841. The stock has a 50-day moving average of $54.27 and a 200-day moving average of $52.65. The company has a debt-to-equity ratio of 0.43, a current ratio of 5.23 and a quick ratio of 3.54. ON Semiconductor has a twelve month low of $31.04 and a twelve month high of $63.63. The firm has a market capitalization of $24.93 billion, a P/E ratio of 80.10, a P/E/G ratio of 2.62 and a beta of 1.55.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.59 by $0.04. The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The firm’s revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.99 EPS. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Research analysts predict that ON Semiconductor will post 2.6 earnings per share for the current year.

ON Semiconductor announced that its board has initiated a stock buyback program on Tuesday, November 18th that permits the company to buyback $6.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 32.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction dated 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 transaction, the chief financial officer owned 379,448 shares of the company’s stock, valued at $20,888,612.40. This trade represents a 5.01% decrease in their position. The sale was disclosed in a legal 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

Hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in ON Semiconductor during the 2nd quarter worth approximately $228,835,000. State of Alaska Department of Revenue grew its holdings in ON Semiconductor by 39.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company’s stock valued at $7,328,000 after buying an additional 39,530 shares in the last quarter. Polianta Ltd bought a new position in ON Semiconductor during the 3rd quarter worth $1,420,000. Merit Financial Group LLC lifted its holdings in shares of ON Semiconductor by 75.2% during the third quarter. Merit Financial Group LLC now owns 51,748 shares of the semiconductor company’s stock worth $2,552,000 after buying an additional 22,211 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of ON Semiconductor by 7.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 818,390 shares of the semiconductor company’s stock worth $42,892,000 after buying an additional 60,050 shares in the last quarter. Institutional investors and hedge funds 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: Sector tailwind — coverage this morning highlights a renewed semiconductor “super?cycle” as U.S. chipmakers benefit from rising demand across industrial, automotive and data center end markets; that backdrop supports stronger long?term demand for ON’s power and automotive analog products. US chipmakers capitalize on semiconductor ‘super cycle’
• Neutral Sentiment: Global capacity shifts — Viettel’s ground?breaking for a semiconductor plant in Hanoi signals capacity expansion in the region; that can improve supply?chain resilience for the industry but introduces longer?term pricing and competition uncertainty. Viettel breaks ground on semiconductor plant in Hanoi, Vietnam
• Negative Sentiment: Tariff and end?market risk — reporting on semiconductor-related tariffs and European trade frictions shows how regulation and tariff changes are disrupting downstream markets (e.g., collision repair and automotive parts). ON has meaningful exposure to automotive and industrial customers, so tariff-driven cost shifts or slower repair/shop activity could pressure near?term demand or margins. Semiconductor and European Tariffs Hit Collision Repair from Two Directions
• Negative Sentiment: Company fundamentals and valuation — ON beat Q3 EPS modestly but revenue was down ~12% year?over?year and management set Q4 EPS guidance of $0.57–0.67; coupled with a high P/E (~78) and stretched multiples, investors may be trimming exposure until clearer top?line recovery is visible. (Background: Q3 results and guidance disclosed Nov. 3.)

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.