What Are Wall Street Analysts' Target Price for ON Semiconductor Stock?

With a market cap of $20.5 billion, ON Semiconductor Corporation (ON) is a leading global semiconductor company based in Scottsdale, Arizona. The company focuses on intelligent power and sensing technologies, supporting key applications across automotive, industrial, communications, computing, consumer electronics, medical, and aerospace and defense markets.

The chip titan has significantly underperformed the broader market over the past year. ON stock has dropped 20.6% on a YTD basis and 32% over the past 52 weeks, lagging behind the S&P 500 Index’s ($SPX) 16.3% gains in 2025 and 17.7% returns over the past year.