Morgan Stanley Issues Positive Forecast for ON Semiconductor (NASDAQ:ON) Stock Price

ON Semiconductor (NASDAQ:ON) had its price target lifted by investment analysts at Morgan Stanley from $55.00 to $56.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s price objective suggests a potential upside of 18.33% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Piper Sandler reiterated an “overweight” rating on shares of ON Semiconductor in a research note on Monday, August 4th. Williams Trading set a $60.00 price objective on shares of ON Semiconductor in a report on Tuesday, November 4th. Bank of America decreased their price objective on shares of ON Semiconductor from $56.00 to $52.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. JPMorgan Chase & Co. boosted their target price 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, Susquehanna restated a “positive” rating and set a $65.00 price target (down previously from $75.00) on shares of ON Semiconductor in a research note on Tuesday, August 5th. Fourteen equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, ON Semiconductor currently has an average rating of “Hold” and an average target price of $59.12.

ON Semiconductor Stock Up 1.3%

Shares of ON Semiconductor stock traded up $0.63 during trading on Monday, hitting $47.33. 2,860,521 shares of the stock traded hands, compared to its average volume of 9,539,290. The company has a current ratio of 5.02, a quick ratio of 3.37 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $49.73 and its 200 day simple moving average is $50.55. The firm has a market cap of $19.04 billion, a P/E ratio of 44.25, a price-to-earnings-growth ratio of 2.58 and a beta of 1.56. ON Semiconductor has a 52-week low of $31.04 and a 52-week high of $74.52.

ON Semiconductor (NASDAQ:ON) last posted its earnings results on Monday, November 3rd. The semiconductor company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.04. ON Semiconductor had a return on equity of 15.33% and a net margin of 7.28%.The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the prior year, the business earned $0.99 earnings per share. ON Semiconductor’s revenue was down 12.0% on a year-over-year basis. ON Semiconductor has set its Q4 2025 guidance at 0.570-0.670 EPS. On average, equities analysts predict that ON Semiconductor will post 2.6 earnings per share for the current fiscal year.

ON Semiconductor announced that its Board of Directors has approved a stock repurchase plan on Tuesday, November 18th that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 32.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On ON Semiconductor

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Costello Asset Management INC acquired a new position in ON Semiconductor during the first quarter worth $26,000. Private Trust Co. NA increased its stake in shares of ON Semiconductor by 72.8% during the third quarter. Private Trust Co. NA now owns 522 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 220 shares in the last quarter. Quent Capital LLC acquired a new position in shares of ON Semiconductor during the 3rd quarter worth about $28,000. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of ON Semiconductor by 68.7% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 577 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 235 shares during the last quarter. Finally, Deseret Mutual Benefit Administrators lifted its stake in ON Semiconductor by 62.3% in the 3rd quarter. Deseret Mutual Benefit Administrators now owns 568 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 218 shares in the last quarter. 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.