Needham Rates ON Semiconductor (ON) buy, $130 Price Target
Needham reiterates its buy rating on ON Semiconductor, setting a target price of $130, while the stock trades at $88.57, a 46.78% upside from the current price.
Reviewed by automated data checks against the source data. How we make and check alerts
Needham rated ON Semiconductor Corporation ($ON) "buy" with a $130 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
- On June 26, 2026, Needham reiterated its buy rating on ON Semiconductor (NasdaqGS: ON) with a target price of $130.0, while the stock is currently at $88.57.
- The stock is trading below its 52-week high of $134.92, indicating potential upside as analysts remain bullish on the semiconductor sector.
- Analysts hold a consensus buy recommendation for ON Semiconductor, with a mean price target of $104.67 based on 27 opinions.
Get $ON trade alerts by text
We text you when insiders, Congress or big funds trade $ON. Free.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated ON Semiconductor Corporation alert may contain errors. Disclosures
Needham's Continued Confidence in ON Semiconductor
On June 26, 2026, Needham reiterated its buy rating on ON Semiconductor Corporation (NasdaqGS: ON) and set a target price of $130. This comes as the stock trades at $88.57, suggesting significant upside potential from its current level.
Needham vs. the S&P 500
Hypothetical returns from Needham's disclosed trades, not real profit or advice. How we model this.
What This Means for ON Semiconductor
Needham's reiteration reflects confidence in ON Semiconductor's growth prospects. The stock's current price is well below its 52-week high of $134.92, indicating a potential opportunity for investors as the semiconductor market continues to evolve.
Analysts Set New Price Targets
The sentiment among analysts remains positive for ON Semiconductor. Recently, StoneX initiated coverage with a Buy rating and a $110 target on October 15, 2026. Wells Fargo maintained an Overweight rating with a target of $100 on October 2, 2026, while Stifel kept a Hold rating with a target of $80, up from $75. The consensus among 27 analysts suggests a mean price target of $104.67, indicating a generally optimistic outlook.
Recent Earnings and Market Position
In its latest financials, ON Semiconductor reported revenue of approximately $6.2 billion with a revenue growth of 9.2%. The company has a net margin of 10.2% and a return on equity (ROE) of 8.3%. The next earnings report is scheduled for November 2, 2026, which will provide further insight into its performance.
What ON Semiconductor Corporation Does
ON Semiconductor specializes in intelligent sensing and power solutions. The company operates in various segments, including Power Solutions Group and Intelligent Sensing Group, catering to markets such as automotive and industrial automation. This strategic focus positions ON Semiconductor well within the growing semiconductor industry.
What to Watch at ON Semiconductor Corporation
As ON Semiconductor approaches its next earnings date, investors will be keen to see how the company performs in a competitive market. The reiterated buy rating from Needham and other analysts' coverage will likely keep the stock in focus as new developments unfold. Remember, the 13F filings only reflect past holdings and may not indicate current positions.
$ON price target
ON Semiconductor Corporation daily closes and this analyst's $130 target. Not advice.
Related Filing Alerts
Source: Needham's rating change on $ON (Jun 26, 2026). Written by software, not financial advice. How we make alerts