Evercore ISI Reiterates Buy Rating on ON Semiconductor
Evercore ISI maintains its buy rating on ON Semiconductor, setting a price target of $137, a 54.68% upside from the current price.
Key Points
- Evercore ISI reiterated its buy rating on ON Semiconductor with a target price of $137.
- Evercore ISI Group's $137 price target implies 54.68% upside from ON Semiconductor Corporation's ($ON) current $88.57 share price.
- ON Semiconductor traded near $118.74 on Friday, with a market cap of $46.17 billion and a forward P/E of 27.5.
- Recent insider buying included purchases by multiple executives, while major funds like JPMorgan increased their stakes.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Evercore ISI Group has reiterated its buy rating on ON Semiconductor Corporation (NasdaqGS: ON), setting a price target of $137. Analyst Mark Lipacis made the announcement on June 26, 2026. Shares of ON Semiconductor traded near $118.74 on Friday.
Evercore ISI Group vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
Other Institutional Activity in ON Semiconductor
Several major institutional investors have adjusted their positions in ON Semiconductor. FMR LLC reduced its holdings by 1,213,771 shares, leaving it with 58,158,341 shares valued at approximately $3.60 billion. BlackRock, Inc. also trimmed its position by 491,029 shares, resulting in 39,911,681 shares worth about $2.47 billion. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions with 25,633,199 and 20,062,560 shares, respectively. JPMorgan Chase & Co significantly boosted its holdings by 8,358,035 shares, now holding 16,107,943 shares valued at $896.57 million.
ON Semiconductor Corporation Stock Up 22.0%
ON Semiconductor Corporation, with a market cap of roughly $46.17 billion, is a key player in the semiconductor industry. The stock has a P/E ratio of 86.7 and a forward P/E of 27.5, indicating a high valuation based on current earnings but a more moderate one looking forward. The stock's beta of 1.977 suggests it's more volatile than the broader market. Over the past year, the stock has ranged from a low of $44.56 to a high of $134.92, with 50-day and 200-day moving averages of $109.66 and $69.95, respectively. The company's financial health is supported by a current ratio of 4.87 and a quick ratio of 2.80, with 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
In its latest financial results, ON Semiconductor reported revenue of about $6.06 billion, reflecting a growth rate of 4.7%. The company achieved a net margin of 9.46% and a return on equity of 7.49%. Earnings per share came in at $1.37. The next earnings report is scheduled for May 4, 2026.
Insider Buying and Selling at ON Semiconductor Corporation
Recent insider activity at ON Semiconductor included several purchases. Notably, insiders such as Susan Carter, Bruce Kiddoo, Thomas Deitrich, Christine Yan, and Paul Anthony Mascarenas each acquired 1,986 shares on May 14, 2026. On the other hand, Gopalswamy Sudhir, Group President of AMG & ISG, sold 470 shares on May 26, 2026, at an average price of $127.
Analysts Set New Price Targets
On June 26, 2026, Evercore ISI Group maintained its buy rating on ON Semiconductor with a $137 price target. On the same day, Needham also reiterated a buy rating with a $130 target. Earlier, on June 24, Stifel maintained a hold rating with a $107 target. Wells Fargo, on June 9, set a buy rating with a $140 target, while Mizuho, on May 28, maintained a buy rating with a $150 target. The consensus among 27 analysts is a buy recommendation, with a mean price target of $107.78.
About ON Semiconductor
ON Semiconductor Corporation provides smart sensing and power solutions globally, including in Hong Kong, Singapore, the UK, and the US. The company operates through three main segments: Power Solutions, Analog and Mixed-Signal, and Intelligent Sensing. Products include semiconductor devices for power conversion, analog solutions for various industries, and image sensors for depth sensing and robotics. Founded in 1992, ON Semiconductor is headquartered in Scottsdale, Arizona, and led by CEO Hassane S. El-Khoury. The company employs approximately 22,600 people.
Bottom Line
Evercore ISI's maintained buy rating on ON Semiconductor reflects continued confidence in the company's growth prospects. Investors often track such ratings to gauge market sentiment and potential stock performance. As always, it's important to remember that analyst ratings are backward-looking and should be considered as part of a broader investment strategy.
Get ON Semiconductor Corporation alerts
New 13F filings, insider trades, and analyst moves on $ON, sent to your inbox. Free, and you can unsubscribe anytime.
This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.