Seaport Global initiated coverage of ON Semiconductor (NASDAQ: ON) with a Buy recommendation on September 23, 2026. The stock closed at $73.60 on September 22, 2026, reflecting a slight increase of 0.55% over the previous week.
Analysts project a consensus target mean of $109.10 for ON Semiconductor, indicating a potential upside of 48.23% from its current price. The latest quarterly earnings on August 3, 2026, revealed an EPS of 0.74, surpassing estimates of 0.7363, while revenue totaled $1.603 billion, below the expected $1.636 billion.
As of September 2026, analyst recommendations include 5 strong buy, 14 buy, and 19 hold ratings, maintaining a balanced outlook on the stock amidst a slight decline in target estimates since August.
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