Susquehanna Reiterates Buy Rating for ON Semiconductor
Susquehanna maintains its buy rating on ON Semiconductor with a $140 price target, a 48.09% upside from the current price.
Key Points
- Susquehanna reiterated its buy rating on ON Semiconductor on June 26, 2026, with a price target of $140.
- Susquehanna's $140 price target implies 48.09% upside from ON Semiconductor Corporation's ($ON) current $94.54 share price.
- Shares of ON Semiconductor traded near $118.74 on Friday, with a market cap of $46.2 billion and a P/E ratio of 86.7.
- Recent analyst activity includes TD Cowen downgrading to hold with a $110 target and B. Riley Securities maintaining a buy rating at $135.
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On June 26, 2026, Susquehanna reiterated its buy rating for ON Semiconductor Corporation (NasdaqGS: ON) with a price target of $140. Analyst Christopher Rolland supports a long position in the company's stock, affirming confidence in its market prospects.
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ON Semiconductor Corporation Stock Up 30.2%
Shares of ON Semiconductor traded around $118.74 on Friday. The company, with a market cap of roughly $46.2 billion, has a P/E ratio of 86.7 and a forward P/E of 27.5. Its beta is 1.977, indicating higher volatility compared to the market. The stock has seen a 52-week low of $44.56 and a high of $134.92, with moving averages of $109.66 over 50 days and $69.95 over 200 days. The company maintains a strong liquidity position with a current ratio of 4.873 and a quick ratio of 2.797, alongside a debt-to-equity ratio of 44.337.
$ON price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
ON Semiconductor reported revenues of about $6.06 billion, showing a revenue growth of 4.7%. The company's net margin stands at 9.5%, while its return on equity is approximately 7.5%. The next earnings report is expected on May 4, 2026.
Analysts Set New Price Targets
On the same day, TD Cowen downgraded ON Semiconductor to a hold rating, setting a price target of $110. Meanwhile, B. Riley Securities maintained its buy rating with a target of $135. Evercore ISI Group and Needham also maintained buy ratings with targets of $137 and $130, respectively. In contrast, Stifel maintained a hold rating with a $107 target on June 24, 2026.
About ON Semiconductor Corporation
ON Semiconductor Corporation, based in Scottsdale, Arizona, provides intelligent sensing and power solutions across various regions, including Hong Kong, Singapore, and the United States. The company operates through three segments: Power Solutions Group, Analog and Mixed-Signal Group, and Intelligent Sensing Group. These segments offer a range of semiconductor devices and solutions for markets such as automotive, industrial automation, and robotics. ON Semiconductor is led by CEO Hassane S. El-Khoury and employs approximately 22,600 people.
Bottom Line
Investors are watching ON Semiconductor closely as Susquehanna reiterates its buy rating with a $140 target. The company's stock is trading near its 52-week high, reflecting strong investor interest. As always, remember that analyst ratings are just one piece of the puzzle, and it's important to consider the broader market context and company fundamentals.
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