StoneX Rates ON Semiconductor (ON) Buy, $110 Price Target

StoneX maintains a Buy rating and sets a target of $110 for ON Semiconductor, a 51.85% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:16 PM EDT

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StoneX rated ON Semiconductor Corporation ($ON) "Buy" with a $110 price target on October 15, 2026.

Since the rating, $ON is down 2.3% to date (from the $73.70 close on Oct 15, 2026).

ON ON Semiconductor Corporation

$72.02 +27.02% year to date

Daily close · Oct 16, 2026

Key Points

StoneX reiterated its Buy rating on ON Semiconductor with a price target of $110 on October 15, 2026.
StoneX's $110 price target implies 51.85% upside from ON Semiconductor Corporation's ($ON) current $72.44 share price.
ON Semiconductor's stock is currently trading at $72.44, below its 50-day moving average of $76.02.
The average analyst target for ON Semiconductor is $104.67, with 27 analysts covering the stock.

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StoneX has reiterated its Buy rating on ON Semiconductor Corporation (NasdaqGS: ON), setting a price target of $110. This action took place on October 15, 2026, and comes as the stock trades at $72.44, which is around the 50-day moving average of $76.02.

Other Institutional Activity in ON Semiconductor

FMR, LLC reduced its holdings by 1,477,177 shares, leaving it with 56,679,393 shares valued at about $4.1 billion. Blackrock Inc. added 1,069,618 shares, now holding a total of 40,980,739 shares worth about $2.97 billion. State Street Corporation grew its stake by 248,992 shares, bringing its total to 18,557,255 shares valued at around $1.34 billion. Meanwhile, Vanguard Capital Management LLC trimmed its position by 17,944 shares, ending with 25,616,396 shares worth about $1.85 billion.

ON Semiconductor Corporation Stock Down 1.3%

Currently, ON Semiconductor's stock is trading at $72.44, which is below the recent close of $73.36. The stock remains significantly below its 52-week high of $134.92, highlighting the volatility in the semiconductor market.

12-month forecast

$ON price target

ON Semiconductor Corporation daily closes and this analyst's $110 target. Not advice.

Recent Earnings

In its latest earnings report, ON Semiconductor posted revenues of about $6.2 billion, a 9.2% increase from the prior year. It achieved an EPS of $1.48, with a net margin of approximately 10.17%. The company is set to announce its next earnings results on November 2, 2026.

Insider Buying and Selling at ON Semiconductor Corporation

Recently, multiple insiders have sold shares. Chief Financial Officer Thad Trent sold 60,000 shares on April 24, 2026, valued at $5.79 million, and another 30,000 shares on April 16, 2026, for $2.4 million at an average price of $80. Officer Gopalswamy Sudhir sold 6,114 shares on March 13, 2026, valued at $358,708, and Officer Keeton Simon sold 48,860 shares on February 17, 2026, worth about $3.51 million.

Analysts Set New Price Targets

On October 15, 2026, StoneX reiterated its Buy rating and set a $110 target for the stock. Earlier in October, Stifel maintained a Hold rating with a target of $80, while Wells Fargo upgraded its rating to Overweight with a new target of $100. The consensus from 27 analysts has a mean price target of $104.67 for ON Semiconductor.

About ON Semiconductor

ON Semiconductor Corporation, headquartered in Scottsdale, AZ, offers power and intelligent sensing solutions, catering to a global market. The company operates through various segments, including Power Solutions and Intelligent Sensing, making it a key player in the tech and semiconductor sectors.

Bottom Line

As ON Semiconductor prepares for its upcoming earnings report, analysts are watching closely, especially with StoneX's endorsement of a Buy. The company's performance in the semiconductor market will be pivotal as it navigates competitive pressures. Investors should keep an eye on further analyst updates and the next earnings announcement on November 2, 2026.