FY2025 Earnings Forecast for ON Issued By Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has raised its FY2025 earnings per share estimate for ON Semiconductor to $2.32, slightly up from the previous estimate of $2.30.
• Despite the upgrade, Cantor Fitzgerald maintains a "Neutral" rating on the stock with a price target of $55.00, aligning with mixed sentiments from other brokerages.
• ON Semiconductor's quarterly earnings report showed a decline in revenue by 15.4% year-over-year, with an EPS of $0.53 missing analysts' estimates.

ON Semiconductor Corporation (NASDAQ:ON - Free Report) - Stock analysts at Cantor Fitzgerald lifted their FY2025 EPS estimates for shares of ON Semiconductor in a report issued on Tuesday, August 5th. Cantor Fitzgerald analyst M. Prisco now expects that the semiconductor company will post earnings of $2.32 per share for the year, up from their prior estimate of $2.30. Cantor Fitzgerald currently has a "Neutral" rating and a $55.00 target price on the stock. The consensus estimate for ON Semiconductor's current full-year earnings is $2.60 per share. Cantor Fitzgerald also issued estimates for ON Semiconductor's FY2026 earnings at $3.00 EPS.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.01). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The firm's quarterly revenue was down 15.4% compared to the same quarter last year. During the same period last year, the business posted $0.96 earnings per share.

ON has been the subject of a number of other research reports. UBS Group dropped their price objective on ON Semiconductor from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on shares of ON Semiconductor from $48.00 to $56.00 and gave the company a "neutral" rating in a research report on Tuesday. Robert W. Baird decreased their price objective on shares of ON Semiconductor from $42.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Citigroup dropped their target price on shares of ON Semiconductor from $60.00 to $54.00 and set a "neutral" rating for the company in a report on Tuesday. Finally, Wells Fargo & Company cut their target price on ON Semiconductor from $65.00 to $62.00 and set an "overweight" rating on the stock in a research note on Tuesday. Fifteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $56.84.

ON Semiconductor Trading Up 1.3%

ON stock traded up $0.61 during trading on Wednesday, hitting $47.59. 9,866,399 shares of the company traded hands, compared to its average volume of 10,746,045. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.32 and a current ratio of 5.02. The company has a 50-day moving average of $54.22 and a 200-day moving average of $47.65. The firm has a market capitalization of $19.46 billion, a PE ratio of 44.48, a P/E/G ratio of 2.37 and a beta of 1.45. ON Semiconductor has a 1 year low of $31.04 and a 1 year high of $78.61.

Institutional Investors Weigh In On ON Semiconductor

A number of institutional investors have recently made changes to their positions in the company. Baillie Gifford & Co. purchased a new stake in shares of ON Semiconductor during the 1st quarter valued at about $219,001,000. Pacer Advisors Inc. lifted its position in ON Semiconductor by 2,735.5% during the first quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company's stock valued at $87,330,000 after purchasing an additional 2,070,529 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in ON Semiconductor by 26.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company's stock worth $203,462,000 after purchasing an additional 1,055,461 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in ON Semiconductor by 9.2% in the fourth quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock worth $780,387,000 after purchasing an additional 1,041,989 shares during the last quarter. Finally, Freestone Grove Partners LP bought a new stake in ON Semiconductor in the 4th quarter worth approximately $62,426,000. 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.