ON Semiconductor (NASDAQ:ON) Upgraded by B. Riley Financial to Buy Rating

B. Riley Financial upgraded shares of ON Semiconductor (NASDAQ:ON) from a neutral rating to a buy rating in a research report sent to investors on Thursday morning, Marketbeat.com reports. They currently have $115.00 price objective on the semiconductor company’s stock.

ON has been the subject of several other reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ON Semiconductor in a research note on Tuesday, February 10th. Benchmark downgraded ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, February 10th. Wells Fargo & Company upped their price objective on ON Semiconductor from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Citigroup upped their price objective on ON Semiconductor from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Finally, Rosenblatt Securities upped their price objective on ON Semiconductor from $50.00 to $60.00 and gave the company a “neutral” rating in a research note on Tuesday, February 10th. Fourteen equities research analysts have rated the stock with a Buy rating, fifteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $67.15.

ON Semiconductor Stock Up 9.9%

ON Semiconductor stock opened at $97.78 on Thursday. ON Semiconductor has a fifty-two week low of $37.19 and a fifty-two week high of $99.19. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.98 and a current ratio of 4.52. The company has a market capitalization of $38.46 billion, a P/E ratio of 287.60, a PEG ratio of 0.90 and a beta of 1.53. The stock has a 50-day simple moving average of $67.03 and a 200-day simple moving average of $59.12.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. The firm 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 12.22% 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 in the prior year, the business earned $0.95 EPS. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Equities research analysts expect that ON Semiconductor will post 2.93 earnings per share for the current year.

Insider Transactions at ON Semiconductor

In other news, CFO Trent Thad sold 60,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $24,176,341.20. This represents a 15.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sudhir Gopalswamy sold 6,114 shares of the stock in a transaction that occurred on 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 directly owned 173,943 shares of the company’s stock, valued at approximately $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 116,114 shares of company stock valued at $8,492,308. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On ON Semiconductor

A number of large investors have recently modified their holdings of the business. Private Trust Co. NA grew its holdings in shares of ON Semiconductor by 72.8% in the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 220 shares during the period. CVA Family Office LLC grew its holdings in shares of 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 during the period. Root Financial Partners LLC grew its holdings in shares of ON Semiconductor by 42.1% in 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 acquired a new stake in shares of ON Semiconductor in the 3rd quarter worth approximately $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of ON Semiconductor by 68.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 235 shares during the period. 97.70% of the stock is owned by hedge funds and other institutional investors.

Key ON Semiconductor News

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

• Positive Sentiment: B. Riley upgraded ON to a Buy and sharply raised its price target (to $115), a high‑profile analyst endorsement that lifted investor conviction and likely triggered fresh buying. B. Riley upgrade
• Positive Sentiment: Street momentum: multiple analysts have turned more bullish and traders are positioning ahead of onsemi’s May 4 quarter — a classic pre‑earnings rotation that can amplify price moves via momentum and short‑covering. QuiverQuant note on surge
• Positive Sentiment: Sector tailwind: investors are rotating into power‑management chip names (onsemi among them) as data center, EV and AI power demands support re‑rating for power device suppliers. That thematic flow is helping ON catch broad chip‑sector buying. IBD/Yahoo chip sector story
• Neutral Sentiment: Upcoming catalyst: ON reports Q1 results in early May — investors are positioning ahead of the print, which can extend momentum but also creates event risk if results or guidance miss. Earnings catalyst note
• Neutral Sentiment: Mixed media commentary: high‑profile pundits (e.g., Jim Cramer) have called onsemi a bit of a “mystery,” reflecting divergent views that can widen intraday volatility. Traders should expect headlines to continue moving the tape. Jim Cramer commentary
• Negative Sentiment: Valuation & positioning risks: coverage pieces warn the recent move has been rapid and “parabolic,” raising the risk of a sharp pullback or profit‑taking if fundamentals or guidance disappoint. Seeking Alpha caution piece
• Negative Sentiment: Recent insider selling: public filings show meaningful insider sales in recent months, which some investors interpret as a cautionary signal (not uncommon in fast‑rising names). Monitor insider activity around the earnings release. Insider trading data

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.