Mizuho Rates ON Semiconductor (ON) buy, $125 Price Target
Mizuho has reaffirmed its buy rating for ON Semiconductor, increasing the price target to $125, a 32.22% upside from the current price.
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Mizuho rated ON Semiconductor Corporation ($ON) "buy" with a $125 price target on July 1, 2026.
Since the rating, $ON is down 0.9% after 1 week, down 13.8% after 1 month and down 23.9% to date (from the $94.63 close on Jul 1, 2026).
ON
ON Semiconductor Corporation
Key Points
- On July 1, 2026, Mizuho reiterated its buy rating on ON Semiconductor Corporation (NasdaqGS: ON) and set a price target of $125.
- Currently, ON Semiconductor shares are priced at $94.54, significantly below the new target, which indicates potential upside.
- Analysts have a consensus buy recommendation for ON Semiconductor with a mean price target of $104.67, reflecting positive sentiment in the market.
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Mizuho's Updated Outlook for ON Semiconductor
On July 1, 2026, Mizuho reiterated its buy rating on ON Semiconductor Corporation (NasdaqGS: ON) and increased the price target to $125. This move reflects Mizuho's confidence in the company's growth potential within the semiconductor industry. Currently, shares are trading at $94.54, which presents a notable upside opportunity based on the new target.
Mizuho vs. the S&P 500
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Other Analyst Actions
In recent weeks, several firms have adjusted their ratings and price targets for ON Semiconductor. On October 15, 2026, StoneX initiated coverage with a buy rating and a target of $110. Wells Fargo maintained an overweight rating with a target of $100 on October 2, up from $85. Needham reiterated its buy rating with a target of $116 on the same day. Meanwhile, Stifel has maintained a hold rating, adjusting its target from $75 to $80 on October 5. These varied opinions suggest that analysts are generally optimistic about ON Semiconductor’s prospects, despite differing views on the stock's valuation.
Stock Performance Context
ON Semiconductor shares have been showing a strong performance, especially considering they are currently priced at $94.54, which is below the 52-week high of $134.92. The stock's price position indicates that it may have room for growth, especially with a new target set significantly higher than its current trading price. This suggests that analysts see value in the stock at this level, given the company's fundamentals and market conditions.
$ON price target
ON Semiconductor Corporation daily closes and this analyst's $125 target. Not advice.
Recent Earnings
ON Semiconductor reported revenue of approximately $6.2 billion, with a revenue growth rate of 9.2%. The company has a net margin of about 10.2% and an ROE of 8.3%. The next earnings report is scheduled for November 2, 2026, which will provide further insights into the company's performance and market position.
What ON Semiconductor Corporation Does
ON Semiconductor Corporation specializes in intelligent sensing and power solutions. The company serves various markets, including automotive, industrial automation, and AI data centers. Given the growing demand for semiconductor technology, Mizuho's updated rating reflects a positive outlook for the company in this competitive landscape.
What's Ahead for ON Semiconductor Corporation
Investors will be watching for the upcoming earnings report on November 2, 2026, which could provide additional insights into ON Semiconductor's performance. Mizuho's recent actions, along with positive analyst sentiment, indicate a strong interest in the company's future growth, although the reiterated target reflects a backward-looking perspective from the firm's analysis as of July 1, 2026.
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Source: Mizuho's rating change on $ON (Jul 1, 2026). Written by software, not financial advice. How we make alerts