Recent Investment Analysts’ Ratings Updates for ON (ONON)

Several analysts have recently updated their ratings and price targets for ON (NYSE: ONON):

• 3/11/2025 – ON was upgraded by analysts at Hsbc Global Res from a “hold” rating to a “strong-buy” rating.
• 3/11/2025 – ON was upgraded by analysts at HSBC Holdings plc from a “hold” rating to a “buy” rating. They now have a $58.00 price target on the stock.
• 3/5/2025 – ON had its “overweight” rating reaffirmed by analysts at KeyCorp. They now have a $68.00 price target on the stock.
• 3/5/2025 – ON had its price target raised by analysts at Morgan Stanley from $62.00 to $66.00. They now have an “overweight” rating on the stock.
• 3/5/2025 – ON had its price target raised by analysts at Barclays PLC from $63.00 to $64.00. They now have an “overweight” rating on the stock.
• 3/5/2025 – ON had its price target raised by analysts at UBS Group AG from $65.00 to $73.00. They now have a “buy” rating on the stock.
• 3/4/2025 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $67.00 price target on the stock.
• 3/4/2025 – ON had its price target raised by analysts at Williams Trading from $60.00 to $62.00. They now have a “buy” rating on the stock.
• 3/4/2025 – ON had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $64.00 price target on the stock.
• 2/25/2025 – ON had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $67.00 price target on the stock.
• 2/12/2025 – ON was downgraded by analysts at The Goldman Sachs Group, Inc. from a “buy” rating to a “neutral” rating. They now have a $57.00 price target on the stock.
• 1/23/2025 – ON had its price target raised by analysts at KeyCorp from $60.00 to $68.00. They now have an “overweight” rating on the stock.
• 1/21/2025 – ON had its price target raised by analysts at Morgan Stanley from $62.00 to $65.00. They now have an “overweight” rating on the stock.

ON Stock Performance

Shares of ONON traded up $0.73 during trading hours on Wednesday, hitting $47.01. The company had a trading volume of 2,707,719 shares, compared to its average volume of 4,341,401. The firm has a fifty day moving average price of $53.63 and a 200-day moving average price of $52.66. The stock has a market capitalization of $29.60 billion, a price-to-earnings ratio of 109.33, a P/E/G ratio of 1.02 and a beta of 2.35. On Holding AG has a 52-week low of $29.84 and a 52-week high of $64.05.

Hedge Funds Weigh In On ON

Several large investors have recently modified their holdings of the stock. Private Trust Co. NA purchased a new position in ON in the 3rd quarter worth about $26,000. MidAtlantic Capital Management Inc. purchased a new position in ON in the 3rd quarter worth about $29,000. Strategic Financial Concepts LLC purchased a new position in ON in the 4th quarter worth about $30,000. Park Square Financial Group LLC purchased a new position in ON in the 4th quarter worth about $32,000. Finally, Legacy Bridge LLC purchased a new position in ON in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

On Holding AG engages in the development and distribution of sports products such as footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. It sells its products worldwide through independent retailers and global distributors, its own online presence, and its own high-end stores.