Bank of America Cuts ON Semiconductor (NASDAQ:ON) Price Target to $52.00

ON Semiconductor (NASDAQ:ON) had its target price decreased by Bank of America from $56.00 to $52.00 in a report released on Friday morning,Benzinga reports. Bank of America currently has a neutral rating on the semiconductor company’s stock.

A number of other equities research analysts have also commented on the stock. Susquehanna restated a “positive” rating and set a $65.00 price objective (down from $75.00) on shares of ON Semiconductor in a report on Tuesday, August 5th. Cantor Fitzgerald began coverage on shares of ON Semiconductor in a research report on Wednesday, June 18th. They set a “neutral” rating and a $55.00 price target on the stock. The Goldman Sachs Group began coverage on shares of ON Semiconductor in a research report on Thursday, July 10th. They set a “neutral” rating and a $60.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of ON Semiconductor from $48.00 to $56.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Finally, Truist Financial boosted their price target on shares of ON Semiconductor from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Tuesday, August 5th. Twelve research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $56.68.

ON Semiconductor Trading Up 2.2%

Shares of NASDAQ ON opened at $49.10 on Friday. The company’s fifty day moving average is $53.65 and its 200-day moving average is $47.19. The stock has a market cap of $20.08 billion, a price-to-earnings ratio of 45.89, a P/E/G ratio of 2.44 and a beta of 1.48. ON Semiconductor has a twelve month low of $31.04 and a twelve month high of $76.06. The company has a quick ratio of 3.37, a current ratio of 5.02 and a debt-to-equity ratio of 0.42.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Monday, August 4th. The semiconductor company reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The company’s revenue was down 15.4% on a year-over-year basis. ON Semiconductor has set its Q3 2025 guidance at 0.540-0.640 EPS. Equities research analysts predict that ON Semiconductor will post 2.6 EPS for the current year.

Insider Buying and Selling

In other ON Semiconductor news, CEO Hassane El-Khoury sold 15,000 shares of the firm’s stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $51.22, for a total value of $768,300.00. Following the transaction, the chief executive officer directly owned 977,814 shares of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ON. Moody National Bank Trust Division lifted its position in ON Semiconductor by 1.5% during the second quarter. Moody National Bank Trust Division now owns 11,404 shares of the semiconductor company’s stock valued at $598,000 after purchasing an additional 169 shares during the last quarter. Freedom Investment Management Inc. lifted its position in ON Semiconductor by 2.6% during the second quarter. Freedom Investment Management Inc. now owns 7,853 shares of the semiconductor company’s stock valued at $412,000 after purchasing an additional 196 shares during the last quarter. New York Life Investment Management LLC lifted its position in ON Semiconductor by 0.4% during the second quarter. New York Life Investment Management LLC now owns 62,678 shares of the semiconductor company’s stock valued at $3,285,000 after purchasing an additional 221 shares during the last quarter. Sowell Financial Services LLC lifted its position in ON Semiconductor by 4.1% during the second quarter. Sowell Financial Services LLC now owns 5,668 shares of the semiconductor company’s stock valued at $297,000 after purchasing an additional 223 shares during the last quarter. Finally, Applied Finance Capital Management LLC lifted its holdings in shares of ON Semiconductor by 2.2% in the 2nd quarter. Applied Finance Capital Management LLC now owns 10,668 shares of the semiconductor company’s stock worth $559,000 after acquiring an additional 225 shares during the last quarter. 97.70% of the stock is owned by 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.