Roth Capital Raises its Price Target on ON Semiconductor (ON) to $125

On May 5, 2026, Roth Capital raised the firm’s terms people connected ON Semiconductor Corporation (NASDAQ:ON) to $125 from $70 portion maintaining a Buy rating. The steadfast said Q1 gross came successful up of statement expectations and noted that Q2 guidance points to renewed growth, supported by improving automotive request and momentum from AI information halfway programme wins.

Deutsche Bank besides raised its terms people connected ON Semiconductor Corporation (NASDAQ:ON) to $110 from $75 portion maintaining a Buy rating. The steadfast said the Q1 study suggests the institution has reached an inflection point.

Similarly, Jefferies raised its terms people connected ON Semiconductor Corporation (NASDAQ:ON) to $115 from $73 and maintained a Buy rating. The steadfast said softness successful automotive markets whitethorn bounds near-term upside, though trends crossed the broader concern are improving. Jefferies besides noted that the company’s AI information halfway concern continues to outperform, with newer products driving higher semiconductor contented opportunities per XPU deployment.

On May 4, 2026, ON Semiconductor Corporation (NASDAQ:ON) reported Q1 non-GAAP EPS of 64c, versus the 62c statement estimate, portion gross totaled $1.51B compared to expectations of $1.49B. CEO Hassane El-Khoury said the institution exceeded expectations arsenic request strengthened passim the 4th and added that ON Semi has moved beyond the cyclical trough and is present entering a betterment phase. El-Khoury besides said the company’s AI information halfway concern accelerated during the quarter, increasing much than 30% sequentially. He added that absorption remains encouraged by the wide wellness of the concern and the longer-term opportunities tied to rising semiconductor contented crossed automotive, industrial, and AI information halfway applications.

ON Semiconductor Corporation (NASDAQ:ON) provides intelligent sensing and powerfulness solutions globally.

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