ON Semiconductor (NASDAQ:ON) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of ON Semiconductor (NASDAQ:ON) from a buy rating to a hold rating in a research report released on Sunday morning.

Other equities analysts also recently issued reports about the stock. BNP Paribas Exane raised shares of ON Semiconductor from a “strong sell” rating to a “hold” rating in a report on Thursday, January 22nd. Piper Sandler upped their target price on shares of ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 10th. Needham & Company LLC raised their price target on shares of ON Semiconductor from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. KeyCorp lifted their price objective on ON Semiconductor from $65.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 10th. Finally, B. Riley Financial upped their price objective on ON Semiconductor from $54.00 to $58.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Twelve equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $64.19.

ON Semiconductor Stock Performance

ON opened at $62.19 on Friday. The stock’s 50 day simple moving average is $63.55 and its 200-day simple moving average is $56.65. The company has a current ratio of 4.52, a quick ratio of 2.98 and a debt-to-equity ratio of 0.39. The stock has a market cap of $24.50 billion, a PE ratio of 182.92, a P/E/G ratio of 0.66 and a beta of 1.53. ON Semiconductor has a 1 year low of $31.04 and a 1 year high of $73.76.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Monday, February 9th. The semiconductor company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. ON Semiconductor had a return on equity of 12.22% and a net margin of 2.02%.ON Semiconductor’s quarterly revenue was down 11.2% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share. ON Semiconductor has set its Q1 2026 guidance at 0.560-0.660 EPS. Sell-side analysts forecast that ON Semiconductor will post 2.6 EPS for the current year.

Insider Activity

In related news, insider Sudhir Gopalswamy sold 6,114 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $58.67, for a total value of $358,708.38. Following the completion of the sale, the insider owned 173,943 shares of the company’s stock, valued at $10,205,235.81. This trade represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Trent Thad sold 60,000 shares of the business’s 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 owned 339,460 shares of the company’s stock, valued at $24,176,341.20. This trade represents a 15.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 86,114 shares of company stock valued at $6,092,308 over the last three months. 0.31% of the stock is owned by insiders.

Institutional Trading of ON Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in ON. Private Trust Co. NA raised its stake in shares of ON Semiconductor by 72.8% during the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after buying an additional 220 shares during the last quarter. CVA Family Office LLC grew its holdings in ON Semiconductor by 83.7% during 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 raised its position in shares of ON Semiconductor by 42.1% during the 4th quarter. Root Financial Partners LLC now owns 503 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 149 shares during the last quarter. Quent Capital LLC bought a new stake in shares of ON Semiconductor during the 3rd quarter valued at $28,000. Finally, Migdal Insurance & Financial Holdings Ltd. lifted its stake 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 valued at $28,000 after purchasing an additional 235 shares during the period. 97.70% of the stock is owned by institutional investors.

Key Headlines Impacting ON Semiconductor

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

• Positive Sentiment: Design win with Sineng Electric — Sineng announced it will use ON’s FS7 IGBT and EliteSiC hybrid power modules in new utility‑scale solar string inverters and liquid‑cooled energy storage systems. That’s a direct commercial validation of ON’s IGBT/SiC power portfolio and could drive incremental revenue in renewables and ESS markets where modules command higher ASPs. Should ON Semiconductor’s Sineng Design Win in Utility‑Scale Inverters Require Action From ON (ON) Investors?
• Positive Sentiment: Vision/camera design traction — Vadzo Imaging’s expanded Innova GigE camera portfolio lists onsemi sensors (AR0234, AR0521) and other onsemi components, highlighting continued wins for ON in machine‑vision, surveillance and industrial cameras — adjacent markets to automotive and edge vision where scale could matter over time. Vadzo Imaging Expands Innova High Resolution GigE Camera Series
• Neutral Sentiment: SiC industry momentum — financing for SiC‑based VFD developer SmartD (backed by strategic investors) underscores broader adoption of SiC in power conversion and industrial drives, a market tailwind for ON’s SiC and hybrid module product lines. This supports longer‑term demand but is not an immediate revenue guarantee. SmartD Technologies Secures $15M CAD Financing Round
• Neutral Sentiment: Recent results and guidance mixed — ON beat the EPS consensus modestly for its last quarter but missed revenue by ~$10M and reported an 11% y/y revenue decline; Q1 2026 EPS guidance of $0.56–$0.66 keeps expectations tethered to recovery in end markets. These results validate margin resilience but leave top‑line recovery uncertain. ON Semiconductor Price & Earnings Summary
• Negative Sentiment: Revenue pressure and valuation risk — year‑over‑year revenue decline and a very high trailing P/E (~183x) raise the bar for future execution. If end‑market recovery or further design wins slow, the stock’s lofty multiple could amplify downside. (Background data from recent company results and market metrics.)

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.