On April 13, 2026, B of A Securities upgraded ON Semiconductor (NasdaqGS:ON) from Neutral to Buy. The average one-year price target for the stock is $68.94 per share, reflecting a potential downside of 2.92% from its latest closing price of $71.01 per share.
Projected annual revenue for ON Semiconductor is $10.22 billion, marking an increase of 70.50%. Additionally, the company is expected to report a non-GAAP EPS of 4.81. As of the last quarter, institutional ownership decreased by 19.23% to 416,364K shares, with 816 funds reporting positions in the company.
Significant shareholders include Janus Henderson Group, which reduced its stake by 23.05% to 12,355K shares, and J.P. Morgan Chase, which cut its holdings by 95.13% to 7,750K shares. The put/call ratio stands at 1.02, indicating a bearish outlook on the stock.
