ON Semiconductor Closes at $69.98 After 2.46% Rise
ON Semiconductor shares ended trading at $69.98, up 2.46%, while Truist cut its price target to $75.
Key points
- ON Semiconductor closed at USD 69.98 on September 18, 2026, rising 2.46 percent.
- Truist lowered its price target to USD 75 from USD 91 while maintaining a Hold rating.
- The company’s next earnings report is scheduled for November 2, 2026.
ON Semiconductor shares closed at USD 69.98 on the Nasdaq on September 18, 2026, marking a 2.46 percent gain from the previous session. The stock finished the day within a tight intraday range, settling near its daily high of USD 70.00 after opening around USD 69.09.
The advance positions the chipmaker midway between its 52-week low of USD 55.00 and its peak of USD 84.00. According to data cited by AD HOC NEWS, the company maintains a market capitalization of approximately USD 30.0 billion as it navigates current sector dynamics.
Truist cuts price target to 75 dollars
Truist revised its outlook for ON Semiconductor, lowering the price target from USD 91 to USD 75 while retaining a Hold rating. This adjustment reflects a more conservative view on the company’s near-term valuation despite recent price strength.
The brokerage’s stance was highlighted in reports from AD HOC NEWS on September 20, 2026. The cut suggests that while the firm sees value in the business, it expects slower growth or margin pressures to impact share performance in the coming months.
Sector strength supports semiconductor gains
ON Semiconductor’s rise aligned with broader performance in the US semiconductor sector. Eastmoney noted that most large technology and chip stocks finished higher in the latest completed session, driven by sustained interest in artificial intelligence infrastructure.
This sector-wide momentum provided a supportive backdrop for the company’s daily gain. The positive tone indicates that investor confidence in hardware suppliers remains robust, even as individual analyst ratings become more cautious.
Next earnings date set for November
With no new corporate announcements released on September 21, 2026, market attention turns to the upcoming fundamental update. MarketBeat data indicates that ON Semiconductor is scheduled to report its next earnings on November 2, 2026.
This date serves as the next critical checkpoint for assessing the company’s financial health. Investors will likely scrutinize revenue growth and margin trends to determine if the stock can sustain its recovery toward the 52-week high.
