StoneX sets USD 110.00 target for ON Semiconductor stock

Published on 10/15/2026 at 22:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter 2026 revenue rose 9.20 percent to USD 1.60 billion. ON Semiconductor stock costs EUR 65.25 on October 15, 2026.

StoneX target shapes valuation

StoneX initiated coverage with a USD 110.00 target and Buy rating on October 15, 2026.
Second-quarter 2026 revenue rose 9.20 percent to USD 1.60 billion.
ON Semiconductor stock costs EUR 65.25 at Lang & Schwarz on October 15, 2026 at 10:18 p.m. CEST.
ON Semiconductor carried a P/E ratio of 47.24 and a market capitalization of USD 28.7 billion.

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ON Semiconductor (ISIN US6821891057) drew a Buy rating and a USD 110.00 price target from StoneX on October 15, 2026, implying 49.95 percent upside from the USD 73.36 price cited in the note, according to Investing.com. ON Semiconductor stock was trading at EUR 65.25 at Lang & Schwarz on October 15, 2026 at 10:18 p.m. CEST.

Revenue recovery reaches USD 1.60 billion

The company reported second-quarter 2026 revenue of USD 1.60 billion, up 9.20 percent from USD 1.47 billion a year earlier. GAAP diluted earnings per share rose 36.60 percent to USD 0.56 from USD 0.41, while GAAP operating margin reached 16.10 percent, according to Financial Report Insights.

What does the valuation imply?

StoneX based its target on 16.00 times fiscal year 2028 non-GAAP earnings per share and cited the pending Synaptics acquisition. The target is 49.95 percent above the USD 73.36 price stated in the October 15, 2026 analyst report. The firm also expects more than 12.00 percentage points of gross-margin expansion between fiscal years 2026 and 2030, according to Investing.com.

Price position and peers

ON Semiconductor's USD 44.56 to USD 134.92 52-week range places the latest USD 73.70 quote well below its high. The company traded 10,963,185 shares against an average volume of 10,030,864 shares on October 15, 2026. Its market capitalization was USD 28.7 billion and its P/E ratio was 47.24.

Comparison with peers

ON Semiconductor (NASDAQ, USD): P/E 47.24, market capitalization USD 28.7 billion
GLOBALFOUNDRIES (NASDAQ, USD): minus 0.37 percent, P/E 38.09, market capitalization USD 26.8 billion
NXP Semiconductors (NASDAQ, USD): plus 4.65 percent, P/E 19.72, market capitalization USD 58.3 billion

Price and investor context

ON Semiconductor's second-quarter recovery has improved revenue and earnings, but the valuation now rests partly on future margin expansion and Synaptics integration. On June 25, 2026, the company had agreed to acquire Synaptics in an all-stock transaction, according to Financial Report Insights.

The further course of trading is shown by the continuously updated real-time quote of ON Semiconductor stock.