Mixed Analyst Sentiment Surrounding ON Semiconductor (ON) Amid Leadership Transition

ON Semiconductor Corporation (NASDAQ:ON) is included in our list of the 11 most oversold semiconductor stocks to buy now.

Mixed Analyst Sentiment Surrounding ON Semiconductor (ON) Amid Leadership Transition

A semiconductor. Photo by Tima Miroshnichenko on Pexels

As of March 13, 2026, analysts remain largely mixed on ON Semiconductor Corporation (NASDAQ:ON). Despite recent cautious analyst commentary, the consensus price target of $70 implies nearly 20% upside.

The sentiment stands firm as ON Semiconductor Corporation (NASDAQ:ON)’s management announced a leadership transition on March 11, 2026. While the Group President of the Power Solutions Group, Simon Keeton, resigned from all officer roles, he will remain in service to the company until June 30 to facilitate the transition.

Amid this development, analysts at UBS issued an industry outlook (March 8, 2026) that strengthens the company’s demand narrative.

The firm’s analysts projected an increased demand for analog and power semiconductors amid rising power demands tied to the rapid expansion of AI data centers. Furthermore, the analysts emphasized that power requirements per rack will increase sharply. As a result, the firm projects heightened demand signals for advanced power management systems and new architectures, including 800-volt DC infrastructure. The firm cited the growing footprint of ON Semiconductor Corporation (NASDAQ:ON) in AI data center power systems, which should allow the company to benefit from the robust outlook.

ON Semiconductor Corporation (NASDAQ:ON), founded in 1999 and headquartered in Scottsdale, Arizona, delivers intelligent power and sensing solutions, serving automotive and industrial markets.

While we acknowledge the risk and potential of ON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ON and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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