Roth Capital Issues Optimistic Estimate for ON Earnings

Key Points

• Roth Capital has increased its Q3 2025 earnings per share (EPS) estimate for ON Semiconductor to $0.59, raising its price target to $70.00 with a "Buy" rating.
• The company reported a net margin of 7.28% for the last quarter, with revenues of $1.47 billion but a year-over-year EPS decline from $0.96.
• Institutional investors own 97.70% of ON Semiconductor's stock, indicating strong institutional support for the semiconductor firm.

ON Semiconductor Corporation (NASDAQ:ON - Free Report) - Research analysts at Roth Capital lifted their Q3 2025 earnings per share (EPS) estimates for ON Semiconductor in a report released on Monday, August 4th. Roth Capital analyst S. Desilva now expects that the semiconductor company will post earnings of $0.59 per share for the quarter, up from their prior estimate of $0.57. Roth Capital has a "Buy" rating and a $70.00 price objective on the stock. The consensus estimate for ON Semiconductor's current full-year earnings is $2.60 per share. Roth Capital also issued estimates for ON Semiconductor's Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $2.28 EPS, Q3 2026 earnings at $0.75 EPS, Q4 2026 earnings at $0.79 EPS and FY2026 earnings at $2.81 EPS.

ON has been the topic of several other reports. Stifel Nicolaus upped their price objective on ON Semiconductor from $42.00 to $50.00 and gave the company a "hold" rating in a research report on Friday, July 18th. The Goldman Sachs Group initiated coverage on ON Semiconductor in a research report on Thursday, July 10th. They issued a "neutral" rating and a $60.00 price objective on the stock. Piper Sandler reiterated an "overweight" rating on shares of ON Semiconductor in a research note on Monday. Morgan Stanley initiated coverage on ON Semiconductor in a research note on Monday, May 12th. They issued an "equal weight" rating and a $39.00 target price for the company. Finally, Loop Capital dropped their target price on ON Semiconductor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $56.84.

ON Semiconductor Stock Down 0.6%

Shares of NASDAQ:ON opened at $46.98 on Thursday. The company has a quick ratio of 3.32, a current ratio of 5.02 and a debt-to-equity ratio of 0.42. ON Semiconductor has a 52-week low of $31.04 and a 52-week high of $78.61. The stock's fifty day simple moving average is $54.13 and its 200-day simple moving average is $47.70. The company has a market capitalization of $19.21 billion, a P/E ratio of 43.91, a P/E/G ratio of 3.89 and a beta of 1.45.

ON Semiconductor (NASDAQ:ON - Get Free Report) last issued its quarterly earnings data 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). ON Semiconductor had a net margin of 7.28% and a return on equity of 15.33%. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. The firm's revenue was down 15.4% compared to the same quarter last year.

Institutional Investors Weigh In On ON Semiconductor

Large investors have recently modified their holdings of the stock. ExodusPoint Capital Management LP purchased a new position in ON Semiconductor in the fourth quarter valued at about $1,912,000. Federated Hermes Inc. boosted its holdings in ON Semiconductor by 2.8% in the fourth quarter. Federated Hermes Inc. now owns 110,604 shares of the semiconductor company's stock valued at $6,974,000 after purchasing an additional 3,014 shares during the last quarter. Cerity Partners LLC boosted its holdings in ON Semiconductor by 12.8% in the fourth quarter. Cerity Partners LLC now owns 34,356 shares of the semiconductor company's stock valued at $2,306,000 after purchasing an additional 3,890 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in ON Semiconductor by 43.2% in the fourth quarter. Renaissance Technologies LLC now owns 579,296 shares of the semiconductor company's stock valued at $36,525,000 after purchasing an additional 174,800 shares during the last quarter. Finally, APG Asset Management N.V. boosted its holdings in ON Semiconductor by 788.0% in the fourth quarter. APG Asset Management N.V. now owns 254,822 shares of the semiconductor company's stock valued at $15,516,000 after purchasing an additional 226,125 shares during the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

ON Semiconductor Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.