B. Riley Securities Rates ON Semiconductor (ON) buy
B. Riley Securities maintains a buy rating on ON Semiconductor with a $135 price target, a 52.42% upside from the current price.
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B. Riley Securities rated ON Semiconductor Corporation ($ON) "buy" with a $135 price target on June 26, 2026.
Since the rating, $ON is up 4.5% after 1 week, down 1.8% after 1 month and down 20.6% to date (from the $90.65 close on Jun 26, 2026).
ON
ON Semiconductor Corporation
Key Points
- B. Riley Securities reiterated its buy rating on ON Semiconductor Corporation (NasdaqGS: ON) with a target price of $135.00 on June 26, 2026.
- The stock is currently trading at $88.57, significantly lower than the new price target, indicating potential upside.
- Analysts remain positive on ON Semiconductor, with a consensus target mean price of $104.67 from 27 opinions.
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B. Riley's Updated Target for ON Semiconductor
B. Riley Securities reiterated its buy rating on ON Semiconductor Corporation (NasdaqGS: ON) on June 26, 2026, setting a target price of $135.00. This reflects a notable increase from the current trading price of $88.57.
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Analysts Set New Price Targets
B. Riley's action comes amid a generally bullish outlook from analysts. On October 15, 2026, StoneX initiated coverage with a Buy rating and a target of $110.00. Wells Fargo maintained an Overweight rating with an increased target of $100.00 on October 2, 2026. Meanwhile, Needham reiterated its Buy rating with a target of $116.00 on the same day. The average price target from 27 analysts stands at $104.67, suggesting room for growth from current levels.
Stock Performance Context
Currently, ON Semiconductor's shares are trading at $88.57, significantly below its 52-week high of $134.92. The stock's recent performance shows it is well above its 50-day moving average of $76.02, indicating a strong upward trend. This price action supports B. Riley's optimistic target.
$ON price target
ON Semiconductor Corporation daily closes and this analyst's $135 target. Not advice.
What ON Semiconductor Corporation Does
ON Semiconductor Corporation, headquartered in Scottsdale, Arizona, provides intelligent sensing and power solutions across various markets. Its diverse product segments cater to automotive, industrial automation, and AI data centers, making it a key player in the semiconductor industry.
What’s Next for ON Semiconductor
Investors will be watching ON Semiconductor closely as it approaches its next earnings report scheduled for November 2, 2026. The recent analyst actions and the upcoming financial results could further influence market sentiment. Remember, B. Riley's rating reflects a view as of June 26, 2026, and may not represent the firm's current position.
Related Filing Alerts
Source: B. Riley Securities's rating change on $ON (Jun 26, 2026). Written by software, not financial advice. How we make alerts