ON Semiconductor Corporation

• ON Stock Price 24h change: +5.11%. From 60.06 USD to 63.13 USD. The stock surged after Bank of America raised its price target to $65, fueling a breakout to a new 52-week high amid positive sentiment following a recent earnings beat.
• From a technical perspective, ON is showing a "Strong Buy" signal with high momentum. The stock recently cleared its 52-week high of $63.84 intraday and is trading well above its short-term moving averages, though the RSI may approach overbought territory following the sharp 5% daily gain.
• Bank of America raised its price target for ON Semiconductor to $65 from $60 on January 21, citing improved earnings credibility and constructive forward signals in the industry cycle.
• ON Semiconductor's Board of Directors recently approved a significant $6.0 billion share repurchase program, potentially covering up to 32% of its outstanding shares.
• Analysts at Evercore ISI reiterated an "Outperform" rating with a $80 price target earlier this month, highlighting long-term confidence in the company's silicon carbide (SiC) and automotive power leadership.
• Global semiconductor revenues are projected to exceed $1 trillion by 2026, driven by a historic surge in AI-related demand for memory and logic chips, according to Omdia's latest market report.
• Market analysts at the SPIE Photonics West 2026 conference noted that while AI infrastructure remains a primary driver, supply chain constraints and rising raw material costs (such as silver) are emerging as key risks for the sector.

• ON Stock Price 24h change: +4.58%. From 60.06 USD to 62.81 USD. (As of Jan 21, 2026).• Technical indicators suggest a "Strong Buy" outlook; ON is currently trading near its 52-week high of $63.63, supported by its 50-day SMA ($53.75) and 200-day SMA ($49.94), indicating a strong upward momentum despite being slightly overvalued based on a P/E ratio of 83.• On Jan 21, 2026, BofA Securities raised ON Semiconductor's price target to $65 from $60, maintaining a Neutral rating, while the stock hit a intraday high of $62.89 driven by investor confidence in its growth markets.• On Jan 20, 2026, B. Riley Securities maintained a Neutral rating on ON and increased the price target to $58 from $54, following a series of similar target hikes by Stifel ($60) and Wells Fargo ($70) in recent days.• ON Semiconductor announced restructuring costs between $200M-$300M for manufacturing asset impairments, which are expected to reduce recurring depreciation expenses by $10M-$15M starting in 2026.• TSMC announced on Jan 20, 2026, that it will increase its Arizona investment to $465 billion, adding five new fabs to meet soaring AI-driven demand, signaling long-term growth for the global chip supply chain.• Industry forecasts from WSTS and Bank of America on Jan 20, 2026, predict global semiconductor revenue will hit the $1 trillion landmark by late 2026, driven by a 30% surge in AI data center and memory chip spending.