Analysts Set ON Semiconductor Corporation (NASDAQ:ON) Price Target at $56.68

Shares of ON Semiconductor Corporation (NASDAQ:ON) have been assigned an average rating of “Hold” from the twenty-seven research firms that are covering the stock, Marketbeat Ratings reports. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $56.68.

A number of equities analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, August 5th. Mizuho increased their price objective on ON Semiconductor from $60.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, June 26th. Rosenblatt Securities cut their price target on ON Semiconductor from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, August 5th. KeyCorp increased their price objective on ON Semiconductor from $50.00 to $65.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 8th. Finally, Citigroup cut their price objective on ON Semiconductor from $60.00 to $54.00 and set a “neutral” rating for the company in a research report on Tuesday, August 5th.

ON Semiconductor Stock Performance

NASDAQ ON opened at $52.97 on Tuesday. The company has a market cap of $21.66 billion, a P/E ratio of 49.51, a P/E/G ratio of 2.51 and a beta of 1.49. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.02 and a quick ratio of 3.37. The stock has a 50-day moving average of $49.73 and a two-hundred day moving average of $48.03. ON Semiconductor has a 1-year low of $31.04 and a 1-year high of $76.06.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The business’s revenue was down 15.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. As a group, analysts anticipate that ON Semiconductor will post 2.6 EPS for the current year.

Insider Activity at ON Semiconductor

In related news, CEO Hassane El-Khoury sold 15,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $51.22, for a total transaction of $768,300.00. Following the sale, the chief executive officer owned 977,814 shares of the company’s stock, valued at $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.31% of the stock is currently owned by insiders.

Institutional Trading of ON Semiconductor

Hedge funds have recently added to or reduced their stakes in the business. State of Alaska Department of Revenue boosted its stake in ON Semiconductor by 39.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 139,844 shares of the semiconductor company’s stock worth $7,328,000 after buying an additional 39,530 shares during the last quarter. United Services Automobile Association bought a new stake in shares of ON Semiconductor in the 1st quarter valued at approximately $401,000. Mirae Asset Global Investments Co. Ltd. boosted its position in ON Semiconductor by 7.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 818,390 shares of the semiconductor company’s stock valued at $42,892,000 after purchasing an additional 60,050 shares during the period. Golden State Wealth Management LLC boosted its position in ON Semiconductor by 83.3% during the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 320 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in ON Semiconductor by 4.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company’s stock worth $408,000 after acquiring an additional 463 shares during the period. 97.70% of the stock is owned by institutional investors and hedge funds.

ON Semiconductor Company Profile

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.