BNP Paribas Exane Reiterates “$62.00” Price Target for ON Semiconductor (NASDAQ:ON)

Posted by Jessica Moore on Jan 22nd, 2026

ON Semiconductor (NASDAQ:ON – Get Free Report) has been assigned a $62.00 price objective by stock analysts at BNP Paribas Exane in a research report issued to clients and investors on Thursday, Marketbeat reports. The firm presently has a “neutral” rating on the semiconductor company’s stock. BNP Paribas Exane’s price objective indicates a potential downside of 1.79% from the company’s previous close.

Other equities analysts have also issued research reports about the company. Stifel Nicolaus increased their target price on ON Semiconductor from $50.00 to $60.00 and gave the company a “hold” rating in a report on Friday, January 16th. Cantor Fitzgerald reiterated a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, December 16th. Morgan Stanley raised their target price on ON Semiconductor from $55.00 to $56.00 and gave the stock an “equal weight” rating in a research report on Monday, November 24th. Cfra reaffirmed a “buy” rating and issued a $64.00 price target on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, Truist Financial raised their price objective on shares of ON Semiconductor from $51.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, December 19th. Thirteen investment analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company. Based on data from MarketBeat.com, ON Semiconductor has an average rating of “Hold” and an average target price of $61.30.

View Our Latest Report on ON Semiconductor

ON Semiconductor Stock Up 5.1%

Shares of NASDAQ:ON opened at $63.13 on Thursday. ON Semiconductor has a fifty-two week low of $31.04 and a fifty-two week high of $63.84. The firm’s 50 day moving average price is $54.54 and its 200 day moving average price is $52.72. The company has a quick ratio of 3.54, a current ratio of 5.23 and a debt-to-equity ratio of 0.43. The stock has a market cap of $25.40 billion, a price-to-earnings ratio of 81.99, a price-to-earnings-growth ratio of 2.61 and a beta of 1.55.

ON Semiconductor (NASDAQ:ON – Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The semiconductor company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.59 by $0.04. ON Semiconductor had a net margin of 5.16% and a return on equity of 13.60%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same quarter in the previous year, the business posted $0.99 EPS. The firm’s revenue was down 12.0% on a year-over-year basis. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, equities research analysts predict that ON Semiconductor will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor announced that its board has authorized a stock buyback plan on Tuesday, November 18th that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 32.7% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Insider Activity at ON Semiconductor

In related news, CFO Trent Thad sold 20,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $55.05, for a total value of $1,101,000.00. Following the completion of the sale, the chief financial officer owned 379,448 shares in the company, valued at $20,888,612.40. This represents a 5.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of ON Semiconductor by 0.5% during the second quarter. Vanguard Group Inc. now owns 51,367,704 shares of the semiconductor company’s stock worth $2,692,181,000 after buying an additional 243,238 shares during the period. Ameriprise Financial Inc. lifted its position in ON Semiconductor by 7.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock worth $639,716,000 after acquiring an additional 877,533 shares during the period. Geode Capital Management LLC lifted its position in ON Semiconductor by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 11,296,301 shares of the semiconductor company’s stock worth $590,383,000 after acquiring an additional 77,795 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of ON Semiconductor by 8.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,363,805 shares of the semiconductor company’s stock valued at $360,828,000 after purchasing an additional 474,725 shares during the last quarter. Finally, Rafferty Asset Management LLC increased its holdings in shares of ON Semiconductor by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after purchasing an additional 2,072,125 shares during the period. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting ON Semiconductor

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

Positive Sentiment: Bank of America raised its price target on ON to $65 (from $60), keeping a neutral stance but increasing implied upside and signaling greater confidence in ON’s near-term outlook. ON Semiconductor had its price target raised by analysts at Bank of America Corporation from $60.00 to $65.00
Positive Sentiment: Market reports show ON trading near a 52‑week high, which often attracts momentum flows and technical buyers. That price action suggests recent news and upgrades are being priced in by investors. On Semiconductor stock hits 52-week high at 63.64 USD
Positive Sentiment: Coverage pieces (TipRanks) argue ON looks like a reasonable buy in 2026 based on chip-market expansion and the company’s end-market exposure (automotive, industrial, power management), supporting investor confidence in revenue recovery and multiple expansion. Is ON Semiconductor Stock (ON) a Good Buy in 2026?
Positive Sentiment: Sector backdrop: recent coverage points to a semiconductor “super cycle” for chipmakers, which benefits diversified analog/power specialists like ON that serve automotive and industrial demand. That macro tailwind helps explain elevated investor appetite. US chipmakers capitalize on semiconductor ‘super cycle’
Neutral Sentiment: Analyst consensus remains mixed: an industry summary notes ON’s average street rating as a “Hold,” indicating some analyst caution despite recent positive datapoints — investors should weigh beat/miss risk and growth visibility vs. current valuation. ON Semiconductor Corporation (NASDAQ:ON) Receives Average Rating of “Hold” from Analysts

About ON Semiconductor

(Get Free Report)

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.