ON Semiconductor (NASDAQ:ON) Price Target Raised to $55.00

ON Semiconductor (NASDAQ:ON) had its price objective lifted by analysts at Morgan Stanley from $52.00 to $55.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s target price suggests a potential upside of 14.52% from the company’s current price.

Several other analysts have also commented on the stock. Bank of America lowered 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. The Goldman Sachs Group began coverage on ON Semiconductor in a report on Thursday, July 10th. They set a “neutral” rating and a $60.00 target price on the stock. Robert W. Baird increased their target price on ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a report on Tuesday. Wells Fargo & Company lowered their target price on ON Semiconductor from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Tuesday, August 5th. Finally, Truist Financial increased their price objective on ON Semiconductor from $49.00 to $51.00 and gave the company a “hold” rating in a research note on Tuesday. Fourteen analysts have rated the stock with a Buy rating and fifteen have issued a Hold rating to the stock. According to data from MarketBeat, ON Semiconductor presently has an average rating of “Hold” and a consensus target price of $59.08.

ON Semiconductor Price Performance

Shares of ON traded down $2.44 on Tuesday, reaching $48.03. The stock had a trading volume of 4,623,821 shares, compared to its average volume of 9,585,409. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $19.64 billion, a PE ratio of 44.99, a PEG ratio of 2.58 and a beta of 1.49. ON Semiconductor has a twelve month low of $31.04 and a twelve month high of $74.52. The firm has a 50-day moving average of $50.20 and a 200 day moving average of $49.65.

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

Insider Buying and Selling at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of ON Semiconductor stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total value of $768,300.00. Following the transaction, the chief executive officer owned 977,814 shares in the company, valued at $50,083,633.08. This trade represents a 1.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.31% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On ON Semiconductor

A number of hedge funds have recently made changes to their positions in ON. State of Alaska Department of Revenue lifted its position in ON Semiconductor by 39.4% during 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 acquiring an additional 39,530 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of ON Semiconductor by 7.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 818,390 shares of the semiconductor company’s stock worth $42,892,000 after purchasing an additional 60,050 shares in the last quarter. United Services Automobile Association acquired a new position in shares of ON Semiconductor during the first quarter worth $401,000. Mizuho Markets Cayman LP lifted its position in shares of ON Semiconductor by 2,345.0% during the second quarter. Mizuho Markets Cayman LP now owns 150,807 shares of the semiconductor company’s stock worth $7,904,000 after purchasing an additional 144,639 shares in the last quarter. Finally, Avantax Advisory Services Inc. lifted its position in shares of ON Semiconductor by 4.8% during the first quarter. Avantax Advisory Services Inc. now owns 10,026 shares of the semiconductor company’s stock worth $408,000 after purchasing an additional 463 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company’s stock.

About ON Semiconductor

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.