ON Semiconductor (NASDAQ:ON) Stock Price Expected to Rise, Truist Financial Analyst Says

ON Semiconductor (NASDAQ:ON) had its price objective hoisted by stock analysts at Truist Financial from $51.00 to $57.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the semiconductor company’s stock. Truist Financial’s price target points to a potential upside of 4.90% from the stock’s previous close.

A number of other research analysts have also commented on ON. Cfra restated a “buy” rating and issued a $64.00 price objective on shares of ON Semiconductor in a research note on Tuesday, November 4th. Robert W. Baird boosted their price target on ON Semiconductor from $48.00 to $56.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. TD Cowen increased their price objective on ON Semiconductor from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Benchmark reissued a “buy” rating on shares of ON Semiconductor in a report on Tuesday, November 4th. Finally, UBS Group upped their price target on ON Semiconductor from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, October 27th. Fourteen investment analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, ON Semiconductor currently has a consensus rating of “Hold” and an average target price of $59.35.

ON Semiconductor Trading Up 1.9%

ON opened at $54.34 on Friday. The company has a quick ratio of 3.54, a current ratio of 5.23 and a debt-to-equity ratio of 0.43. ON Semiconductor has a 52 week low of $31.04 and a 52 week high of $67.95. The business’s 50 day moving average is $50.95 and its two-hundred day moving average is $51.77. The firm has a market cap of $21.87 billion, a price-to-earnings ratio of 70.57, a price-to-earnings-growth ratio of 2.85 and a beta of 1.57.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data 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 business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. ON Semiconductor had a return on equity of 13.60% and a net margin of 5.16%.The company’s revenue was down 12.0% compared to the same quarter last year. During the same period 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. On average, research analysts predict that ON Semiconductor will post 2.6 EPS for the current year.

ON Semiconductor declared that its Board of Directors has initiated a stock repurchase program on Tuesday, November 18th that permits the company to buyback $6.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 32.7% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling at ON Semiconductor

In other news, CFO Trent Thad sold 20,000 shares of ON Semiconductor stock in a transaction 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 completion of the transaction, the chief financial officer owned 379,448 shares of the company’s stock, valued at $20,888,612.40. The trade was a 5.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.31% of the stock is currently owned by corporate insiders.

Institutional Trading of ON Semiconductor

Institutional investors and hedge funds have recently modified their holdings of the business. Cresset Asset Management LLC increased its stake in shares of ON Semiconductor by 8.7% during the 1st quarter. Cresset Asset Management LLC now owns 8,121 shares of the semiconductor company’s stock worth $330,000 after purchasing an additional 649 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in ON Semiconductor by 76.5% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 23,945 shares of the semiconductor company’s stock valued at $992,000 after buying an additional 10,381 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in ON Semiconductor by 94.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,502,700 shares of the semiconductor company’s stock worth $61,145,000 after buying an additional 728,177 shares in the last quarter. Norinchukin Bank The increased its position in ON Semiconductor by 43.2% during the first quarter. Norinchukin Bank The now owns 31,709 shares of the semiconductor company’s stock worth $1,290,000 after buying an additional 9,570 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of ON Semiconductor by 1.0% in the first quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company’s stock worth $460,958,000 after acquiring an additional 110,735 shares during the last quarter. Hedge funds and other institutional investors 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.