Barclays Initiates Coverage of ON Semiconductor Corporation (ON) with an Equal Weight Rating

ON Semiconductor Corporation (NASDAQ:ON) is among the 12 Best Tech Stocks that Beat Earnings Estimates. On February 12, 2026, Barclays analyst Tom O’Malley initiated coverage of ON Semiconductor Corporation (NASDAQ:ON) with an Equal Weight rating and a $75 price target. Tom O’Malley said Barclays is “cautiously optimistic” on an industrial recovery as PMIs turn higher but recommends a selective approach, noting each company “faces at least one unique challenge.” He added that On Semi’s high China and auto ...