ON Semiconductor Corp. – Recent Analyst Activity and Market Response
The U.S.‑based semiconductor company, listed on the Nasdaq under the ticker ON, experienced a series of analyst upgrades and a notable insider‑sale event in mid‑April 2026. The company’s recent quarter delivered earnings per share (EPS) of $0.64, surpassing the consensus estimate of $0.62 by $0.02. Revenue for the quarter, however, declined 11.2 % from the same period in 2025, amounting to $1.53 billion versus the expected $1.54 billion.
Analyst Ratings and Price Objectives
| Analyst | Rating | Target Price (USD) | Date |
|---|---|---|---|
| Wall Street Zen | Buy | – | 13 Apr 2026 |
| Needham & Co. | Buy | 72.00 | 10 Feb 2026 |
| KeyCorp | Overweight | 75.00 | 10 Feb 2026 |
| Stifel Nicolaus | Hold | 60.00 | 16 Jan 2026 |
| Bank of America | Neutral | 65.00 | 21 Jan 2026 |
| Cantor Fitzgerald | Neutral | 60.00 | 10 Feb 2026 |
Twelve analysts have issued a Buy rating, seventeen have issued a Hold rating, and one has issued a Sell rating. The consensus rating remains Hold with an average target price of $64.19 according to MarketBeat.
Market‑Capitalization and Valuation Metrics
- Market cap: $27 billion
- P/E ratio: 201.92
- PEG ratio: 0.73
- Beta: 1.53
- 52‑week high: $73.76 (17 Feb 2026)
- 52‑week low: $32.85 (15 Apr 2025)
The stock opened at $68.65 on Monday, 9 Apr 2026. The 50‑day moving average is $63.99 and the 200‑day moving average is $57.19.
Financial Health
- Debt‑to‑equity ratio: 0.39
- Current ratio: 4.52
- Quick ratio: 2.98
- Return on equity: 12.22 %
- Net margin: 2.02 %
Earnings Guidance
For the first quarter of 2026, ON Semiconductor has projected EPS between $0.560 and $0.660. Analysts expect the company to report 2.6 EPS for the current fiscal year.
Insider Activity
On 12 Feb 2026, Chief Executive Officer Hassane El‑Khoury sold 20,000 shares at an average price of $73.02, realizing $1,460,400. After the transaction, the CEO owned 1,015,610 shares, valued at approximately $74,159,842.20, reflecting a 1.93 % reduction in ownership. The filing was made with the SEC.
Investor Attention
Zacks.com users have been actively monitoring ON Semiconductor in recent days, indicating growing interest in the company’s prospects.
Conclusion
The combination of a modest earnings beat, a significant decline in quarterly revenue, multiple analyst upgrades to Buy, and a noticeable insider‑sale event paints a nuanced picture for ON Semiconductor. Investors and analysts will likely weigh the company’s valuation multiples against its financial fundamentals and the broader semiconductor market dynamics as it approaches its next earnings release.
