ON Semiconductor (NASDAQ:ON) Price Target Raised to $51.00

ON Semiconductor (NASDAQ:ON) had its price objective lifted by Truist Financial from $49.00 to $51.00 in a research note issued to investors on Tuesday, Marketbeat Ratings reports. They currently have a hold rating on the semiconductor company’s stock.

ON has been the topic of several other research reports. Piper Sandler restated an “overweight” rating on shares of ON Semiconductor in a report on Monday, August 4th. B. Riley restated a “neutral” rating on shares of ON Semiconductor in a report on Tuesday, August 5th. Bank of America dropped their price target on shares of ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Wells Fargo & Company decreased their price objective on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Tuesday, August 5th. Finally, The Goldman Sachs Group assumed coverage on ON Semiconductor in a report on Thursday, July 10th. They issued a “neutral” rating and a $60.00 target price on the stock. Fourteen equities research analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $59.08.

ON Semiconductor Stock Down 2.6%

Shares of NASDAQ:ON opened at $48.80 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.37 and a current ratio of 5.02. ON Semiconductor has a 52-week low of $31.04 and a 52-week high of $74.52. The business’s 50 day simple moving average is $50.08 and its two-hundred day simple moving average is $49.74. The firm has a market cap of $19.64 billion, a P/E ratio of 45.61, a PEG ratio of 2.58 and a beta of 1.56.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. ON Semiconductor’s revenue for the quarter was down 12.0% on a year-over-year basis. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. As a group, research analysts forecast that ON Semiconductor will post 2.6 EPS for the current fiscal year.

Insider Buying and Selling at ON Semiconductor

In related news, CEO Hassane El-Khoury sold 15,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total transaction of $768,300.00. Following the completion of the transaction, the chief executive officer owned 977,814 shares in the company, valued at approximately $50,083,633.08. This represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ON. Vanguard Group Inc. increased its stake in shares of ON Semiconductor by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 51,367,704 shares of the semiconductor company’s stock worth $2,692,181,000 after purchasing an additional 243,238 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in ON Semiconductor by 7.7% in the second quarter. Ameriprise Financial Inc. now owns 12,205,996 shares of the semiconductor company’s stock valued at $639,716,000 after purchasing an additional 877,533 shares during the last quarter. Geode Capital Management LLC grew its holdings in ON Semiconductor by 0.7% during the second quarter. Geode Capital Management LLC now owns 11,296,301 shares of the semiconductor company’s stock valued at $590,383,000 after purchasing an additional 77,795 shares during the period. Allspring Global Investments Holdings LLC increased its position in ON Semiconductor by 0.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 5,889,080 shares of the semiconductor company’s stock worth $284,737,000 after buying an additional 53,748 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its stake in shares of ON Semiconductor by 55.0% in the second quarter. Rafferty Asset Management LLC now owns 5,837,502 shares of the semiconductor company’s stock valued at $305,943,000 after buying an additional 2,072,125 shares during the period. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

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.