ON Semiconductor Corporation (NASDAQ:ON) Receives $59.12 Average Target Price from Brokerages

Shares of ON Semiconductor Corporation (NASDAQ:ON) have earned an average recommendation of “Hold” from the twenty-nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $59.1154.

Several equities analysts recently commented on ON shares. Truist Financial boosted their price target on ON Semiconductor from $49.00 to $51.00 and gave the stock a “hold” rating in a research report on Tuesday, November 4th. Cowen reissued a “buy” rating on shares of ON Semiconductor in a research report on Tuesday, November 4th. Rosenblatt Securities reaffirmed a “neutral” rating and set a $50.00 price target on shares of ON Semiconductor in a report on Tuesday, November 4th. TD Cowen lifted their price target on shares of ON Semiconductor from $55.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Finally, Cfra reissued a “buy” rating and issued a $64.00 price objective on shares of ON Semiconductor in a research report on Tuesday, November 4th.

ON Semiconductor Stock Down 0.1%

Shares of ON Semiconductor stock opened at $54.74 on Wednesday. ON Semiconductor has a twelve month low of $31.04 and a twelve month high of $70.58. The stock has a market cap of $22.03 billion, a price-to-earnings ratio of 71.09, a price-to-earnings-growth ratio of 2.93 and a beta of 1.57. The company has a current ratio of 5.23, a quick ratio of 3.54 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $49.94 and a 200 day moving average price of $51.09.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Monday, November 3rd. The semiconductor company reported $0.63 EPS 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 13.60% and a net margin of 5.16%.During the same period last year, the company posted $0.99 earnings per share. The firm’s revenue was down 12.0% compared to the same quarter last year. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. Equities research analysts forecast that ON Semiconductor will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 18th that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the semiconductor company to reacquire up to 32.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In other ON Semiconductor news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $55.05, for a total transaction of $1,101,000.00. Following the sale, the chief financial officer directly owned 379,448 shares in the company, valued at $20,888,612.40. The trade was a 5.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.31% of the stock is currently owned by company insiders.

Institutional Trading of ON Semiconductor

A number of hedge funds have recently made changes to their positions in the stock. Costello Asset Management INC acquired a new stake in ON Semiconductor in the first quarter valued at $26,000. Private Trust Co. NA increased its position in shares of ON Semiconductor by 72.8% in the 3rd quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 220 shares during the last quarter. Quent Capital LLC bought a new stake in shares of ON Semiconductor in the 3rd quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of ON Semiconductor by 68.7% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 235 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its position in shares of ON Semiconductor by 62.3% during the third quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 218 shares during 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.