What Are Wall Street Analysts' Target Price for ON Semiconductor Stock?

Core Insights - ON Semiconductor Corporation has a market cap of $20.5 billion and specializes in intelligent power and sensing technologies across various sectors including automotive and industrial applications [1] - The company's stock has significantly underperformed the broader market, with a year-to-date decline of 20.6% and a 52-week drop of 32%, contrasting with the S&P 500 Index's gains of 16.3% in 2025 and 17.7% over the past year [2] - ON has also lagged behind the Technology Select Sector SPDR Fund, which saw gains of 29.3% in 2025 and 31% over the past 52 weeks [3] Stock Performance and Market Sentiment - On October 20, ON's shares increased by 4.8% due to a rally in the semiconductor sector, which pushed the Philadelphia Semiconductor Index to a record high, driven by a broader tech rebound and strong AI optimism [4] - For FY2025, analysts predict a 42.5% decline in non-GAAP EPS to $2.30, with a mixed earnings surprise history where the company has met or exceeded estimates in two of the last four quarters [5] - The stock currently holds a consensus "Moderate Buy" rating, with 12 "Strong Buys," 2 "Moderate Buys," 18 "Holds," and 1 "Strong Sell" among the 33 analysts covering it [5] Analyst Ratings and Price Targets - The current analyst sentiment is less bullish compared to three months ago, when there were 13 "Strong Buy" recommendations [6] - UBS analyst Pradeep Ramani maintained a "Neutral" rating on ON Semiconductor and raised the price target from $50 to $55, indicating a modestly improved outlook [6] - The mean price target for ON is $58.21, suggesting a 2.1% upside from current levels, while the highest target of $70 indicates a potential 33.1% premium [6]