New York, January 18, 2026, 19:48 EST — Market closed.
- Stifel raised its price target for ON Semiconductor to $60 from $50, maintaining a Hold rating.
- ON shares finished slightly higher, up 0.1% at $60.33, just before the U.S. holiday break.
- After stock index futures dropped on new tariff news, traders are focused on Tuesday’s reopening.
ON Semiconductor (Nasdaq: ON) starts the short U.S. trading week with a fresh boost after Stifel lifted its price target to $60 from $50, maintaining a Hold rating. Analyst Tore Svanberg highlighted a “pipeline of design wins” as key to margin improvements down the line. (Investing)
The announcement comes as U.S. markets remain quiet. Wall Street is closed Monday, January 19, in observance of the Martin Luther King Jr. holiday, with trading resuming Tuesday. (MarketWatch)
After hours, the mood shifted. S&P 500 futures dropped around 0.9%, while Nasdaq futures slid about 1.1% in light holiday volume. The moves came after U.S. President Donald Trump warned of additional tariffs on eight European countries over a spat involving Greenland, Reuters reported. (Reuters)
ON stock ended Friday at $60.33, edging up 6 cents after swinging between $60.22 and $61.76 during the session. Roughly 6.1 million shares traded. The iShares Semiconductor ETF climbed around 1.6%, Texas Instruments added about 1.3%, but Analog Devices and NXP Semiconductors each dipped close to 0.6%.
Semiconductors stood out heading into the weekend. The Philadelphia SE Semiconductor index rose 1.2% on Friday, while the S&P 500 and Nasdaq barely moved. Investors kept positions light ahead of the long holiday. “Most investors will take that as a win two weeks into the year,” said Anthony Saglimbene of Ameriprise Financial. Bruce Zaro at Granite Wealth Management cautioned that “the middle part of January tends to be pretty choppy,” with monthly options expiration—when equity options contracts run out—often driving volatility. (Reuters)
ON Semiconductor faces a familiar near-term question: will demand in autos and industrial equipment stabilize soon? And if orders remain patchy, can cost controls and product mix shield its margins? The company provides power management chips and sensors for vehicles, factories, and data centers.
The setup could shift quickly. If trade tensions worsen, cyclical chip stocks and high-multiple tech names might take a hit, especially with futures already dipping ahead of Tuesday.
Earnings are the next major milestone. According to Nasdaq’s earnings calendar, ON Semiconductor is estimated to report near February 9, though that date could shift if the company revises its schedule. (Nasdaq)
The stock faces its first real challenge at Tuesday’s open — will buyers hold firm after last week’s rally, or retreat amid ongoing tariff threats and market jitters?
