ON Semiconductor (NASDAQ:ON) Price Target Cut to $52.00 by Analysts at Bank of America

Key Points

• Bank of America has reduced the price target for ON Semiconductor from $56.00 to $52.00, maintaining a "neutral" rating, which indicates a potential upside of 8.20% from the current price.
• Other analysts have mixed ratings for ON Semiconductor, with Mizuho raising its target to $72.00 and Truist lifting it to $49.00, while Wells Fargo decreased its target from $65.00 to $62.00.
• The company reported earnings of $0.53 per share, slightly missing expectations, with a revenue of $1.47 billion for the quarter, which reflects a decline compared to the same quarter last year.

ON Semiconductor (NASDAQ:ON - Get Free Report) had its target price dropped by equities researchers at Bank of America from $56.00 to $52.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "neutral" rating on the semiconductor company's stock. Bank of America's price target points to a potential upside of 8.20% from the company's current price.

Other equities analysts have also recently issued research reports about the company. Mizuho raised their price target on ON Semiconductor from $60.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Truist Financial lifted their target price on ON Semiconductor from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Tuesday, August 5th. Piper Sandler reiterated an "overweight" rating on shares of ON Semiconductor in a report on Monday, August 4th. Roth Capital reiterated a "buy" rating and issued a $70.00 target price (up previously from $50.00) on shares of ON Semiconductor in a report on Tuesday, June 17th. Finally, Wells Fargo & Company dropped 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. Twelve investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $56.68.

ON Semiconductor Stock Up 0.6%

Shares of ON opened at $48.06 on Friday. The business's 50 day moving average is $53.72 and its 200 day moving average is $47.32. The company has a market capitalization of $19.66 billion, a PE ratio of 44.92, a price-to-earnings-growth ratio of 2.38 and a beta of 1.48. ON Semiconductor has a 12-month low of $31.04 and a 12-month high of $76.06. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). The business 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 revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period last year, the business posted $0.96 EPS. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Research analysts expect that ON Semiconductor will post 2.6 earnings per share for the current fiscal year.

Insider Activity at ON Semiconductor

In other news, CEO Hassane El-Khoury sold 15,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The stock was 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 directly owned 977,814 shares in the company, valued at $50,083,633.08. This trade represents a 1.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.31% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ON. Baillie Gifford & Co. acquired a new stake in ON Semiconductor in the first quarter valued at $219,001,000. Norges Bank acquired a new stake in ON Semiconductor in the second quarter valued at $228,835,000. Rafferty Asset Management LLC raised its stake in 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 in the last quarter. Pacer Advisors Inc. raised its stake in ON Semiconductor by 2,735.5% in the first quarter. Pacer Advisors Inc. now owns 2,146,221 shares of the semiconductor company's stock valued at $87,330,000 after buying an additional 2,070,529 shares in the last quarter. Finally, M&G PLC raised its stake in ON Semiconductor by 164.2% in the second quarter. M&G PLC now owns 2,459,104 shares of the semiconductor company's stock valued at $127,873,000 after buying an additional 1,528,311 shares in the last quarter. 97.70% of the stock is currently owned by hedge funds and other institutional investors.

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.

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