Mizuho Reiterates Buy Rating on ON Semiconductor with $125 Price Target
Mizuho maintains its bullish stance on ON Semiconductor, setting a $125 price target, a 32.22% upside from the current price.
Key Points
- Mizuho reiterated its buy rating on ON Semiconductor, setting a $125 price target on July 1, 2026.
- Mizuho's $125 price target implies 32.22% upside from ON Semiconductor Corporation's ($ON) current $94.54 share price.
- ON Semiconductor traded around $94.54 on Wednesday, with a market cap of about $36.79 billion and a forward P/E of 21.9.
- Recent institutional activity shows varied interest, with firms like FMR LLC reducing holdings while JPMorgan Chase & Co increased its stake by 107.8%.
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Mizuho has reiterated its buy rating on ON Semiconductor Corporation (ON:NasdaqGS), setting a price target of $125. Analyst Vijay Rakesh made the announcement on July 1, 2026, maintaining a positive outlook for the semiconductor company.
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Other Institutional Activity in ON Semiconductor
Recent activity among institutional investors in ON Semiconductor shows a mix of strategies. FMR LLC reduced 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 trimmed its position by 491,029 shares, now holding 39,911,681 shares worth about $2.47 billion, a 1.2% reduction. Meanwhile, Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, each acquiring 25,633,199 and 20,062,560 shares, respectively. JPMorgan Chase & Co notably increased its stake by 8,358,035 shares, a 107.8% rise, bringing its total to 16,107,943 shares valued at $896.57 million.
ON Semiconductor Corporation Stock Up 30.2%
Shares of ON Semiconductor traded near $94.54 on Wednesday. The company has a market capitalization of approximately $36.79 billion. Its price-to-earnings (P/E) ratio stands at 69.5, with a forward P/E of 21.9. The stock has experienced a 52-week range between $44.56 and $134.92. The 50-day moving average is around $110.19, while the 200-day moving average is about $70.37. ON Semiconductor's beta is 1.977, indicating higher volatility compared to the market.
$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 achieved a net margin of 9.46% and a return on equity of 7.49%. Earnings per share (EPS) came in at $1.36. The next earnings release is scheduled for August 3, 2026.
Insider Buying and Selling at ON Semiconductor Corporation
Several insiders at ON Semiconductor have been active recently. On May 26, 2026, Gopalswamy Sudhir, Group President of AMG & ISG, sold 470 shares at an average price of $127. Meanwhile, on May 14, 2026, Susan Carter, Bruce Kiddoo, Thomas Deitrich, Christine Yan, and Paul Anthony Mascarenas each bought 1,986 shares, though the price was not disclosed.
Analysts Set New Price Targets
On July 1, 2026, Mizuho maintained its buy rating for ON Semiconductor with a price target of $125. Cantor Fitzgerald reiterated a hold rating with a $110 target on June 29, 2026. Susquehanna, B. Riley Securities, Evercore ISI Group, and Needham all maintained buy ratings with targets of $140, $135, $137, and $130, respectively, on June 26, 2026. TD Cowen downgraded the stock to hold with a $110 target on the same day.
About ON Semiconductor
ON Semiconductor Corporation, headquartered in Scottsdale, Arizona, provides intelligent sensing and power solutions worldwide. 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 industries such as automotive, industrial automation, and AI data centers. Led by CEO Hassane S. El-Khoury, ON Semiconductor employs approximately 22,600 people.
Bottom Line
Mizuho's reiteration of a buy rating with a $125 target reinforces confidence in ON Semiconductor's potential. Investors track such analyst updates for insights into market sentiment and stock potential. It's important to note that these ratings reflect opinions as of July 1, 2026, and may not represent current market conditions.
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