ON Semiconductor (NASDAQ:ON) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded ON Semiconductor from a "hold" to a "buy", but the broader analyst mix remains muted (12 buys, 17 holds, 1 sell) with a consensus target of $64.19.
• ON posted quarterly EPS of $0.64 (beat) while revenue fell 11.2% year‑over‑year, and the shares trade at a rich P/E (~202), signaling valuation and revenue risks ahead of Q1 guidance of $0.56–0.66.
• Insiders have been selling recently — notably the CFO sold 60,000 shares at about $71.22 — even as institutional ownership sits very high (~97.7%), a factor that may influence sentiment and liquidity.

ON Semiconductor (NASDAQ:ON - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Monday.

Other analysts have also recently issued reports about the company. Benchmark cut ON Semiconductor from a "buy" rating to a "hold" rating in a report on Tuesday, February 10th. BNP Paribas Exane raised ON Semiconductor from a "strong sell" rating to a "hold" rating in a report on Thursday, January 22nd. Evercore reissued an "outperform" rating on shares of ON Semiconductor in a report on Wednesday, January 7th. Cantor Fitzgerald reissued a "neutral" rating and set a $60.00 price objective on shares of ON Semiconductor in a report on Tuesday, February 10th. Finally, UBS Group reissued a "neutral" rating on shares of ON Semiconductor in a report on Monday, February 2nd. Twelve research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, ON Semiconductor has an average rating of "Hold" and a consensus target price of $64.19.

ON Semiconductor Stock Performance

ON Semiconductor stock opened at $68.65 on Monday. The stock has a 50-day simple moving average of $63.99 and a 200 day simple moving average of $57.19. The company has a quick ratio of 2.98, a current ratio of 4.52 and a debt-to-equity ratio of 0.39. ON Semiconductor has a 12-month low of $32.10 and a 12-month high of $73.76. The stock has a market capitalization of $27.00 billion, a price-to-earnings ratio of 201.92, a P/E/G ratio of 0.73 and a beta of 1.53.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released its quarterly earnings results on Monday, February 9th. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.The business had revenue of $1.53 billion during the quarter, compared to analysts' expectations of $1.54 billion. During the same period in the previous year, the business posted $0.95 earnings per share. The firm's revenue for the quarter was down 11.2% compared to the same quarter last year. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. On average, research analysts anticipate that ON Semiconductor will post 2.6 earnings per share for the current fiscal year.

Insider Transactions at ON Semiconductor

In other news, CFO Trent Thad sold 60,000 shares of the business's stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $71.22, for a total transaction of $4,273,200.00. Following the completion of the transaction, the chief financial officer directly owned 339,460 shares in the company, valued at approximately $24,176,341.20. The trade was a 15.02% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sudhir Gopalswamy sold 6,114 shares of the business's stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $58.67, for a total value of $358,708.38. Following the transaction, the insider owned 173,943 shares of the company's stock, valued at $10,205,235.81. The trade was a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 86,114 shares of company stock worth $6,092,308. 0.35% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ON Semiconductor

Institutional investors have recently modified their holdings of the stock. Fisher Funds Management LTD raised its stake in ON Semiconductor by 42.0% in the 3rd quarter. Fisher Funds Management LTD now owns 87,729 shares of the semiconductor company's stock valued at $4,326,000 after acquiring an additional 25,949 shares during the period. Polianta Ltd bought a new stake in ON Semiconductor in the 3rd quarter valued at $1,420,000. Merit Financial Group LLC raised its stake in ON Semiconductor by 75.2% in the 3rd quarter. Merit Financial Group LLC now owns 51,748 shares of the semiconductor company's stock valued at $2,552,000 after acquiring an additional 22,211 shares during the period. Rakuten Investment Management Inc. bought a new stake in ON Semiconductor in the 3rd quarter valued at $5,327,000. Finally, Quantbot Technologies LP raised its stake in ON Semiconductor by 67.3% in the 3rd quarter. Quantbot Technologies LP now owns 94,146 shares of the semiconductor company's stock valued at $4,642,000 after acquiring an additional 37,881 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

ON Semiconductor News Roundup

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

• Positive Sentiment: Broad semiconductor rally lifts peers including onsemi — chip stocks jumped after news of geopolitical de‑escalation and a wider risk‑on move, which helped push ON higher as investors rotated back into semiconductors. onsemi, Seagate, Impinj, and Amtech Shares Are Soaring
• Positive Sentiment: Upcoming earnings act as a near-term catalyst — previews from market outlets note analysts expect stronger bottom‑line results for the quarter (double‑digit EPS growth anticipated), so some investors are positioning ahead of the report in hopes of an upside surprise or bullish guidance. Earnings Preview: What to Expect From ON Semiconductor's Report
• Positive Sentiment: Edge‑AI / infrastructure narrative supports demand visibility — coverage that lists ON among relevant edge‑AI names reinforces the company’s exposure to power management, sensing and custom ICs used in AI/edge and automotive applications, a positive thematic driver for long‑term demand. 3 Edge AI Stocks to Watch as the Next Wave of AI Demand Builds (ON)
• Neutral Sentiment: Increased media and analyst attention — Zacks and other outlets flag that ON is attracting more views from retail and institutional investors, which can raise short‑term volume and volatility but doesn’t guarantee direction. ON Semiconductor Corporation (ON) is Attracting Investor Attention
• Negative Sentiment: Fundamentals / valuation risks to monitor — recent reported revenue was down year‑over‑year and ON trades at a rich P/E, so the stock is vulnerable if the company issues cautious guidance or revenue misses. Investors should watch the upcoming earnings release and management commentary closely. Article reference: Zacks and company filings discussed above.

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.

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