Stifel raises target for ON Semiconductor stock to USD 80.00

Published on 10/07/2026 at 01:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Stifel keeps a Hold rating on ON Semiconductor stock at USD 80.00. Revenue hit USD 1.60 billion in second-quarter 2026, up 9.20 percent year over year.

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Stifel raised its ON Semiconductor (ISIN US6821891057) price target from USD 75.00 to USD 80.00 on October 5, 2026, while retaining a Hold rating. The Lang & Schwarz prior close was EUR 76.83 on October 5, 2026.

Stifel lifts target to USD 80

According to Investing.com on October 5, 2026, Stifel linked the revision to ON Semiconductor's design-win pipeline in artificial intelligence, data centers, electric vehicles and energy infrastructure. The same report said the inventory correction in the Industrial and Automotive segments had reached completion.

The revised USD 80.00 target remains below the USD 84.89 share price cited in the analyst report, while Stifel's Hold rating signals a more cautious view than the company's long-term growth ambitions. Automotive and Industrial represented 75.10 percent of second-quarter 2026 sales, according to the report.

Revenue grows 9.20 percent

According to Financial Report Insights, ON Semiconductor reported USD 1,603.50 million of revenue in the fiscal quarter ended July 3, 2026, up 9.20 percent from USD 1,468.70 million a year earlier. GAAP diluted earnings per share increased to USD 0.56 from USD 0.41, a 36.60 percent rise.

The composition of growth matters. Other revenue, which includes computing and artificial-intelligence data-center activity, rose 21.30 percent year over year to USD 399.50 million, while Automotive revenue increased 6.60 percent to USD 781.30 million. Automotive revenue declined 2.00 percent from the first quarter of 2026, making the data-center-linked category the stronger sequential growth driver.

Margin recovery faces a test

Second-quarter 2026 GAAP operating margin reached 16.10 percent, up from 13.20 percent a year earlier, while non-GAAP operating margin reached 20.80 percent. Management's third-quarter 2026 guidance calls for revenue of USD 1,650.00 million to USD 1,750.00 million and non-GAAP diluted earnings per share of USD 0.81 to USD 0.93, as reported by Financial Report Insights.

For investors, the key operating question is whether higher utilization can lift the lower-margin Power Solutions business while automotive demand stabilizes. The company generated USD 459.70 million of operating cash flow in the second quarter of 2026, compared with USD 184.30 million a year earlier.

Stock valuation and trading reference

Finance data placed ON Semiconductor's market capitalization at USD 33.6 billion on October 6, 2026, with a 52-week range of USD 44.56 to USD 134.92. The company is listed on NASDAQ under the ticker ON and operates in the semiconductor industry.

The Lang & Schwarz prior close of EUR 76.83 on October 5, 2026 gives German investors a dated euro reference for the stock alongside the latest analyst target in US dollars. The further course of trading is shown by the continuously updated real-time quote of ON Semiconductor stock.