Zacks Research Has Positive Forecast for Onsemi Q2 Earnings

Onsemi (NASDAQ:ON - Free Report) - Research analysts at Zacks Research boosted their Q2 2025 earnings per share estimates for Onsemi in a research note issued to investors on Monday, May 26th. Zacks Research analyst R. Department now expects that the semiconductor company will post earnings per share of $0.52 for the quarter, up from their previous estimate of $0.51. The consensus estimate for Onsemi's current full-year earnings is $2.60 per share.

Onsemi (NASDAQ:ON - Get Free Report) last issued its earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.40 billion. Onsemi had a return on equity of 20.10% and a net margin of 22.21%. The firm's revenue for the quarter was down 22.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.08 earnings per share.

ON has been the topic of a number of other research reports. Wells Fargo & Company reduced their price objective on Onsemi from $60.00 to $45.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. B. Riley cut Onsemi from a "buy" rating to a "neutral" rating and set a $41.00 price target on the stock. in a research note on Thursday, April 24th. UBS Group cut their price target on Onsemi from $55.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. Susquehanna cut their price target on Onsemi from $70.00 to $60.00 and set a "positive" rating on the stock in a research note on Tuesday, February 11th. Finally, Roth Capital set a $60.00 price target on Onsemi in a research note on Friday, March 7th. Twelve investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Onsemi has a consensus rating of "Moderate Buy" and an average target price of $54.12.

Onsemi Stock Down 2.6%

Shares of ON traded down $1.10 during midday trading on Thursday, reaching $41.84. 10,184,926 shares of the company were exchanged, compared to its average volume of 7,830,803. The stock has a 50-day moving average price of $39.57 and a 200-day moving average price of $51.16. The company has a market cap of $17.48 billion, a price-to-earnings ratio of 11.53, a P/E/G ratio of 16.74 and a beta of 1.39. Onsemi has a 1-year low of $31.04 and a 1-year high of $80.08. The company has a current ratio of 5.06, a quick ratio of 3.38 and a debt-to-equity ratio of 0.38.

Hedge Funds Weigh In On Onsemi

Institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. grew its holdings in Onsemi by 61.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,335 shares of the semiconductor company's stock worth $54,000 after buying an additional 507 shares in the last quarter. Bayforest Capital Ltd bought a new position in Onsemi in the 1st quarter worth approximately $535,000. Woodline Partners LP bought a new position in Onsemi in the 1st quarter worth approximately $9,505,000. Empowered Funds LLC grew its holdings in Onsemi by 29.0% in the 1st quarter. Empowered Funds LLC now owns 207,321 shares of the semiconductor company's stock worth $8,436,000 after buying an additional 46,551 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in Onsemi in the first quarter worth approximately $296,000. 97.70% of the stock is owned by institutional investors.

About Onsemi

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.