B. Riley Securities Reaffirms Buy Rating on ON Semiconductor
B. Riley Securities has reiterated its buy rating on ON Semiconductor with a price target of $135, a 52.42% upside from the current price.
Key Points
- B. Riley Securities reiterated its buy rating on ON Semiconductor, setting a target price of $135 on June 26, 2026.
- B. Riley Securities's $135 price target implies 52.42% upside from ON Semiconductor Corporation's ($ON) current $88.57 share price.
- ON Semiconductor shares traded at $118.74 on Friday, with a market cap of $46.2 billion and a P/E ratio of 86.7.
- Major funds like FMR LLC and BlackRock have reduced their holdings, while analysts maintain a positive outlook.
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B. Riley Securities has reiterated its buy rating on ON Semiconductor Corporation (NasdaqGS: ON), setting a price target of $135. This update was made by analyst Craig Ellis on June 26, 2026. ON Semiconductor shares traded at $118.74 on Friday.
B. Riley Securities vs. the S&P 500
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Other Institutional Activity in ON Semiconductor
Several major institutional investors have recently adjusted their positions in ON Semiconductor. FMR LLC trimmed its holdings by 1,213,771 shares, leaving it with 58,158,341 shares valued at approximately $3.6 billion, a 2% decrease. BlackRock, Inc. also reduced its stake by 491,029 shares, holding 39,911,681 shares worth about $2.47 billion, a 1.2% decrease. In contrast, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, acquiring 25,633,199 and 20,062,560 shares, valued at about $1.59 billion and $1.24 billion, respectively. Meanwhile, JPMorgan Chase & Co increased its stake significantly by 8,358,035 shares, now owning 16,107,943 shares valued at $896.6 million, marking a 107.8% increase.
ON Semiconductor Corporation Stock Up 22.0%
Shares of ON Semiconductor traded near $118.74 on Friday. The company has a market cap of approximately $46.2 billion. It boasts a P/E ratio of 86.7 and a forward P/E of 27.5, reflecting investor expectations for future earnings growth. The stock has exhibited volatility, with a 52-week range between $44.56 and $134.92. The company's 50-day moving average is $109.66, and its 200-day moving average is $69.95. ON Semiconductor maintains a strong liquidity position with a current ratio of 4.87 and a quick ratio of 2.80, although it has a debt-to-equity ratio of 44.34.
$ON price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
ON Semiconductor reported revenue of $6.06 billion, reflecting a growth rate of 4.7%. The company's net margin stands at 9.5%, with a return on equity of 7.5%. Its earnings per share (EPS) is $1.37. The next earnings report is expected on May 4, 2026.
Insider Buying and Selling at ON Semiconductor Corporation
Recent insider transactions include Gopalswamy Sudhir, Group President of AMG & ISG, selling 470 shares on May 26, 2026, at an average price of $127. Meanwhile, multiple insiders including Susan Carter, Bruce Kiddoo, Thomas Deitrich, Christine Yan, and Paul Anthony Mascarenas each purchased 1,986 shares on May 14, 2026.
Analysts Set New Price Targets
On June 26, 2026, B. Riley Securities maintained its buy rating on ON Semiconductor with a $135 price target. Similarly, Evercore ISI Group and Needham reiterated their buy ratings with targets of $137 and $130, respectively. Stifel maintained a hold rating with a $107 target on June 24. Overall, the consensus among 27 analysts is a buy rating, with an average target price of $107.78.
About ON Semiconductor
ON Semiconductor Corporation, headquartered in Scottsdale, Arizona, provides intelligent sensing and power solutions worldwide. The company operates through three main segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. It offers products ranging from power conversion devices to image sensors and signal processors, serving industries such as automotive, industrial automation, and data centers. The company is led by CEO Hassane S. El-Khoury and employs approximately 22,600 people.
Bottom Line
B. Riley Securities' reiteration of a buy rating on ON Semiconductor with a $135 target reflects continued confidence in the company's growth potential. Despite some institutional investors reducing their stakes, the stock remains attractive to analysts. As ON Semiconductor continues to expand its product offerings and market reach, investors are keeping a close watch on its performance.
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