B. Riley raised the firm’s price target on On Semi (ON) to $58 from$54 and keeps a Neutral rating on the shares. Global manufacturing PMIs remain near 50%, with moderate U.S. and China expansion led by surging AI infrastructure, though geopolitical volatility persists, the analyst tells investors in a research note. Consensus estimates for 4Q25 and 1Q26 could have a fractional upside bias if Auto and Industrial orders start to climb, the firm says. Claim 50% Off TipRanks Premium Published first on TheFl ...