Wall Street Zen Upgrades ON Semiconductor (NASDAQ:ON) to Buy

15 Apr 2026, 01:28 by Teresa Graham · The Cerbat Gem

ON Semiconductor (NASDAQ:ON – Get Free Report) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Monday.

Several other brokerages also recently weighed in on ON. UBS Group restated a “neutral” rating on shares of ON Semiconductor in a report on Monday, February 2nd. Rosenblatt Securities upped their price target on ON Semiconductor from $50.00 to $60.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Stifel Nicolaus upped their price target on ON Semiconductor from $50.00 to $60.00 and gave the stock a “hold” rating in a report on Friday, January 16th. JPMorgan Chase & Co. upped their price target on ON Semiconductor from $56.00 to $70.00 and gave the stock a “neutral” rating in a report on Tuesday, February 10th. Finally, Wells Fargo & Company upped their price target on ON Semiconductor from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Thirteen analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, ON Semiconductor currently has an average rating of “Hold” and an average target price of $64.96.

Get Our Latest Stock Analysis on ON

ON Semiconductor Price Performance

Shares of NASDAQ ON opened at $72.00 on Monday. The stock’s 50-day moving average is $64.43 and its two-hundred day moving average is $57.50. The company has a debt-to-equity ratio of 0.39, a current ratio of 4.52 and a quick ratio of 2.98. ON Semiconductor has a 1-year low of $32.85 and a 1-year high of $73.76. The company has a market cap of $28.32 billion, a price-to-earnings ratio of 211.77, a price-to-earnings-growth ratio of 0.75 and a beta of 1.53.

ON Semiconductor (NASDAQ:ON – Get Free Report) last issued its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.02. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The company had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same quarter in the prior year, the business earned $0.95 EPS. ON Semiconductor’s 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. Analysts forecast that ON Semiconductor will post 2.6 EPS for the current fiscal year.

Insider Activity

In other news, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $73.02, for a total value of $1,460,400.00. Following the transaction, the chief executive officer owned 1,015,610 shares in the company, valued at approximately $74,159,842.20. This represents a 1.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Trent Thad sold 60,000 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $71.22, for a total value of $4,273,200.00. Following the completion of the transaction, the chief financial officer owned 339,460 shares in the company, valued at approximately $24,176,341.20. The trade was a 15.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 86,114 shares of company stock worth $6,092,308. 0.35% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ON. Root Financial Partners LLC lifted its position 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. Deseret Mutual Benefit Administrators lifted its position in ON Semiconductor by 28.2% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 728 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 160 shares during the period. Parallel Advisors LLC lifted its position in ON Semiconductor by 3.3% during the 4th quarter. Parallel Advisors LLC now owns 5,847 shares of the semiconductor company’s stock worth $317,000 after acquiring an additional 189 shares during the period. Cromwell Holdings LLC lifted its position in ON Semiconductor by 17.4% during the 4th quarter. Cromwell Holdings LLC now owns 1,312 shares of the semiconductor company’s stock worth $71,000 after acquiring an additional 194 shares during the period. Finally, Westside Investment Management Inc. lifted its position in ON Semiconductor by 9.3% during the 4th quarter. Westside Investment Management Inc. now owns 2,360 shares of the semiconductor company’s stock worth $128,000 after acquiring an additional 200 shares during the period. Hedge funds and other institutional investors own 97.70% of the company’s stock.

ON Semiconductor News Summary

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

Positive Sentiment: Bank of America upgraded ON to a “Buy” and raised its $85 price target, citing ON’s AI‑power pipeline, traction for its Treo products and a multi‑year buyback plan that could support shares. BofA upgrade and thesis
Positive Sentiment: Broad semiconductor rally driven by AI demand is lifting analog/power suppliers like ON as investors rotate into chip names expected to benefit from data‑center and edge AI spending. Semiconductor sector momentum
Positive Sentiment: Recent quarterly results showed an EPS beat (ON reported $0.64 vs. $0.62 expected) and management provided Q1 guidance, which together give some near‑term visibility while market narrative focuses on AI content per product. The stock reaction reflects investors giving credit for margin improvement potential and product roadmaps. Zacks: ON rises
Neutral Sentiment: Market research cites ON among players in the growing power Schottky diode market — a long‑term positive for product addressable market but not an immediate share mover. Industry market report
Negative Sentiment: Underlying fundamentals remain mixed: revenue declined ~11% year‑over‑year in the last quarter, net margin is low (~2%), and ON’s trailing P/E is elevated — all of which raise valuation and execution risk if AI tailwinds slow. (See analyst discussion on valuation.) Valuation assessment
Negative Sentiment: Revenue beat/miss nuance: EPS beat while revenue slightly missed estimates, so investors should watch upcoming top‑line prints and product revenue cadence rather than just EPS. (No new corporate release linked.)

ON Semiconductor Company Profile

(Get Free Report)

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.