Fintel reports that on February 13, 2026, Barclays initiated coverage of ON Semiconductor (NasdaqGS:ON) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 10.19% Downside
As of February 4, 2026, the average one-year price target for ON Semiconductor is $64.85/share. The forecasts range from a low of $50.50 to a high of $84.00. The average price target represents a decrease of 10.19% from its latest reported closing price of $72.21 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ON Semiconductor is 10,222MM, an increase of 70.50%. The projected annual non-GAAP EPS is 4.81.
What is the Fund Sentiment?
There are 1,414 funds or institutions reporting positions in ON Semiconductor. This is an decrease of 228 owner(s) or 13.89% in the last quarter. Average portfolio weight of all funds dedicated to ON is 0.22%, an increase of 5.44%. Total shares owned by institutions decreased in the last three months by 4.85% to 494,342K shares. 
The put/call ratio of ON is 1.05, indicating a bearish outlook.
What are Other Shareholders Doing?
Janus Henderson Group holds 15,203K shares representing 3.86% ownership of the company. In its prior filing, the firm reported owning 15,683K shares , representing a decrease of 3.16%. The firm decreased its portfolio allocation in ON by 15.05% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 13,448K shares representing 3.41% ownership of the company. In its prior filing, the firm reported owning 13,312K shares , representing an increase of 1.01%. The firm increased its portfolio allocation in ON by 16.09% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 11,862K shares representing 3.01% ownership of the company. In its prior filing, the firm reported owning 11,709K shares , representing an increase of 1.29%. The firm increased its portfolio allocation in ON by 15.93% over the last quarter.
Geode Capital Management holds 11,008K shares representing 2.79% ownership of the company. In its prior filing, the firm reported owning 11,174K shares , representing a decrease of 1.51%. The firm decreased its portfolio allocation in ON by 44.19% over the last quarter.
VIMSX - Vanguard Mid-Cap Index Fund Investor Shares holds 9,223K shares representing 2.34% ownership of the company. In its prior filing, the firm reported owning 9,076K shares , representing an increase of 1.60%. The firm increased its portfolio allocation in ON by 19.45% over the last quarter.
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This story originally appeared on Fintel.
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