B. Riley Securities Cuts ON Price Target to $105
Key Points
- B. Riley Securities maintained its Buy rating on ON Semiconductor Corporation while lowering its price target from $127.00 to $105.00 on October 22, 2026.
- B. Riley Securities's $105 price target implies 43.71% upside from ON Semiconductor Corporation's ($ON) current $73.06 share price.
- ON Semiconductor Corporation closed at $73.20 on October 22, 2026, and trades with a trailing twelve-month revenue of $6.20 billion.
- The broader analyst community lists a consensus recommendation of buy with 27 opinions on file ahead of the next earnings report.
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B. Riley's Call on ON Semiconductor Corporation
On October 22, 2026, B. Riley Securities maintained its Buy rating on ON Semiconductor Corporation (NASDAQ:ON) while lowering its price target from $127.00 to $105.00. The research note was issued on the same day the stock closed at $73.20. Even with the target reduction, the firm stands by its positive view on the semiconductor maker as Wall Street weighs varying opinions across the sector.
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Other Institutional Activity in ON Semiconductor Corporation
Large funds continue to adjust their holdings in the chipmaker. Jupiter Topco LLC held 13,427,527 shares worth about $982.89 million after adding 6,713,764 shares.
ON Semiconductor Corporation Stock Down 3.4%
The stock recently traded around $73.06 as of October 22, 2026, sitting below its 50-day moving average of $75.57 and its 200-day moving average of $81.91. Shares have traded between a 52-week low of $44.56 and a 52-week high of $134.92.
$ON price target
ON Semiconductor Corporation daily closes and this analyst's $105 target. Not advice.
Recent Earnings
ON Semiconductor Corporation reported trailing-twelve-month revenue of $6.20 billion and earnings of $1.55 per share. The company posts a net margin of 10.2% and a return on equity of 8.3%. Management scheduled the next financial results release for November 2, 2026.
Insider Buying and Selling at ON Semiconductor Corporation
Company insiders executed several transactions prior to the rating update. Chief Financial Officer Trent Thad sold 30,000 shares for $80.00 each on April 16, 2026, and later disposed of another 60,000 shares on April 24, 2026. Other officers, including Simon Keeton and Sudhir Gopalswamy, also completed share sales earlier in the year.
Analysts Set New Price Targets
Other research firms updated their views ahead of the B. Riley note. On October 5, 2026, Stifel maintained a Hold rating and raised its target to $80.00. StoneX initiated coverage with a Buy rating and a $110.00 target on October 15, 2026. TD Cowen maintained a Hold rating and lowered its target to $75.00 on October 19, 2026. Susquehanna maintained a Positive rating and trimmed its target to $120.00 on October 21, 2026. Across the broader analyst community, the stock holds a consensus recommendation of buy with a mean price target of $102.81 based on 27 opinions.
About ON Semiconductor Corporation
Based in Scottsdale, Arizona, ON Semiconductor Corporation designs and manufactures intelligent sensing and power solutions for automotive, industrial, and communication markets worldwide. Its product lines support efficient power management, motor control, and sensing applications across global supply chains.
Bottom Line
Investors are watching for the company's upcoming earnings report on November 2, 2026, for further insight into demand across its power and sensing units. B. Riley's lowered target reflects a shifting valuation landscape while maintaining a long-term view on the company's market position.
Related Filing Alerts
Source: B. Riley Securities's rating change on $ON (Oct 22, 2026). Written by software, not financial advice. How we make alerts