TD Cowen Remains Bullish on On Semiconductor Corporation (ON)

On Semiconductor Corporation (NASDAQ:ON) is one of the best growth stocks under $50 to buy now. On September 8, TD Cowen analyst Joshua Buchalter maintained a Buy rating on On Semiconductor Corporation (NASDAQ:ON) and set a price target of $55.00.

On Semiconductor Corporation (NASDAQ:ON) announced its fiscal Q2 2025 results on August 4, reporting $1.468 billion in revenue, cash from operations of $184.3 million, and free cash flow of $106.1 million.

GAAP operating margin and non-GAAP operating margin for the quarter were 13.2% and 17.3%, respectively.

On Semiconductor Corporation (NASDAQ:ON) provides intelligent power and sensing solutions with a primary focus on industrial and automotive markets. The company’s operations are divided into the following segments: Power Solutions Group (PSG), Analog and Mixed-Signal Group (AMG), and Intelligent Sensing Group (ISG).

While we acknowledge the potential of ON as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.