ON Semiconductor Maintains Buy Rating, Price Targets Raised May 2026

Two major analysts maintained bullish stances on ON Semiconductor on May 5, signaling confidence in the chipmaker’s growth trajectory. Roth Capital and Deutsche Bank both kept their Buy ratings intact while raising price targets significantly. Roth Capital lifted its target to $125 from $70, while Deutsche Bank increased its target to $110 from $75. These analyst rating maintained decisions reflect growing optimism about ON’s position in the semiconductor sector. The stock trades at $102.67 with a market cap of $40.4 billion.

Roth Capital Raises Price Target to $125

Analyst Rating Maintained at Buy

Roth Capital maintained its Buy rating on ON Semiconductor while significantly raising its price target. The analyst lifted the target to $125 from $70, representing a 79% upside from the stock’s price when the rating was published. This analyst rating maintained decision underscores confidence in the company’s semiconductor solutions for automotive and industrial markets.

Strong Conviction Behind the Move

The substantial price target increase signals Roth Capital’s strong conviction about ON’s growth prospects. The firm believes the company’s intelligent sensing and power solutions position it well for the electrification trend in vehicles. ON Semiconductor’s focus on lighter, longer-range electric vehicles and fast-charging systems aligns with industry tailwinds. The rating was published on May 5 at 9:39 AM ET when the stock traded near $105.

Deutsche Bank Raises Target to $110, Maintains Buy

Consistent Bullish Outlook

Deutsche Bank also maintained its Buy rating on ON Semiconductor while raising its price target to $110 from $75. This analyst rating maintained action reflects the bank’s belief in ON’s competitive advantages in the semiconductor space. The new target implies approximately 7% upside from current levels. Deutsche Bank published its rating earlier on May 5 at 8:50 AM ET when the stock was trading around $102.

Semiconductor Sector Strength

Both analysts recognize ON’s exposure to secular growth trends in semiconductors. The company operates through three segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. Roth Capital’s price target raise to $125 reflects confidence in these business units. ON’s products serve automotive, industrial, and consumer markets globally.

ON Semiconductor Stock Performance and Valuation

Recent Price Action and Trading Metrics

ON Semiconductor trades at $102.67 with a 52-week high of $105.81 and low of $37.19. The stock has surged 167% over the past year, demonstrating strong investor appetite for semiconductor exposure. Trading volume averages 9.1 million shares daily, with current volume at 22 million shares. The company’s market cap stands at $40.4 billion with 393.3 million shares outstanding.

Valuation and Financial Metrics

ON trades at a P/E ratio of 75.51 based on trailing earnings of $1.36 per share. The price-to-sales ratio is 6.62, reflecting premium valuation typical of growth semiconductor companies. Free cash flow per share stands at $3.69, while operating cash flow per share is $3.54. The company maintains a strong balance sheet with a current ratio of 4.87 and debt-to-equity ratio of 0.41.

Meyka AI Stock Grade and Analyst Consensus

Meyka AI Grade Assessment

Meyka AI rates ON Semiconductor with a grade of B, reflecting a balanced outlook. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. The grade suggests the stock is fairly valued relative to its fundamentals and market position. These grades are not guaranteed and we are not financial advisors.

Broad Analyst Support

ON Semiconductor commands strong analyst support with 26 Buy ratings, 15 Hold ratings, and zero Sell ratings. The consensus rating is 3.0 on a scale where 1 is Strong Buy and 5 is Strong Sell. This overwhelmingly bullish consensus aligns with the maintained Buy ratings from both Roth Capital and Deutsche Bank. The analyst rating maintained by these firms reflects confidence in ON’s execution and market opportunities.

Final Thoughts

ON Semiconductor maintains strong analyst support with 26 Buy ratings and no Sell ratings as of May 5. Roth Capital and Deutsche Bank raised price targets, reflecting confidence in the company’s semiconductor leadership. The $40.4 billion market cap company benefits from vehicle electrification and industrial automation trends. Investors should watch the August 3, 2026 earnings announcement for execution updates. The consensus indicates optimism about ON’s growth in automotive, industrial, and consumer markets.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.