ON Semiconductor Corporation (NASDAQ:ON) is one of the best Semiconductor Stocks to Buy Heading into 2026. On November 24, Morgan Stanley analyst Joseph Moore lifted the price target on the company’s stock to $56 from$55, while keeping an “Equal Weight” rating, as reported by The Fly. Morgan Stanley Lifts PT on ON Semiconductor (ON) Stock The analyst noted the company’s recent 8-K filing in which management approved recognition of additional pre-tax non-cash impairment and accelerated depreciation charg ...