ON Semiconductor (ON) Stock Forecast, Price Target & Predictions


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ON Stock Forecast


ON Semiconductor stock forecast is as follows: an average price target of $87.27 (represents a 22.93% upside from ON’s last price of $70.99) and a rating consensus of 'Buy', based on 25 wall street analysts offering a 1-year stock forecast.

ON Price Target


The average price target for ON Semiconductor (ON) is $87.27 based on 1-year price targets from 25 Wall Street analysts in the past 3 months, with a price target range of $115.00 to $55.00. This represents a potential 22.93% upside from ON's last price of $70.99.

ON Analyst Ratings


Buy

According to 25 Wall Street analysts, ON Semiconductor's rating consensus is 'Buy'. The analyst rating breakdown for ON stock is 0 'Strong Buy' (0.00%), 19 'Buy' (76.00%), 6 'Hold' (24.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

ON Semiconductor Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 29, 2024Tristan GerraRobert W. Baird$75.00$72.243.82%5.65%
Oct 29, 2024Craig EllisB.Riley Financial$100.00$72.2438.43%40.86%
Oct 29, 2024Joseph MooreMorgan Stanley$64.00$72.24-11.41%-9.85%
Oct 28, 2024Toshiya HariGoldman Sachs$92.00$72.2427.35%29.60%
Oct 28, 2024William SteinTruist Financial$89.00$72.2423.20%25.37%
Oct 18, 2024Vijay RakeshMizuho Securities$85.00$69.2422.76%19.74%
Jul 30, 2024Kevin CassidyRosenblatt Securities$75.00$74.900.13%5.65%
Jul 30, 2024David WilliamsWilliams Trading$90.00$74.9020.16%26.78%
Jul 30, 2024William SteinTruist Financial$97.00$73.9731.13%36.64%
Jul 30, 2024Tristan GerraRobert W. Baird$70.00$78.27-10.57%-1.39%
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The latest ON Semiconductor stock forecast, released on Oct 29, 2024 by Tristan Gerra from Robert W. Baird, set a price target of $75.00, which represents a 3.82% increase from the stock price at the time of the forecast ($72.24), and a 5.65% increase from ON last price ($70.99).

ON Semiconductor Price Target by Period


1M3M12M
# Anlaysts6628
Avg Price Target$84.17$84.17$85.64
Last Closing Price$70.99$70.99$70.99
Upside/Downside18.57%18.57%20.64%

In the current month, the average price target of ON Semiconductor stock is $84.17, according to 6 Wall Street analysts offering twelve months forecast. The average price target represents a 18.57% increase as opposed to ON Semiconductor's last price of $70.99. This month's average price target is down 0.00% compared to last quarter, and down -1.72% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Oct 29, 2024Morgan StanleyUnderperformUnderperformHold
Oct 29, 2024NeedhamBuyBuyHold
Oct 29, 2024BenchmarkBuyBuyHold
Oct 29, 2024Morgan StanleyUnderweightUnderweightHold
Oct 28, 2024Goldman SachsBuyBuyHold
Oct 08, 2024KeyBancOverweightOverweightHold
Jul 30, 2024Rosenblatt SecuritiesNeutralNeutralHold
Jul 30, 2024Goldman SachsBuyBuyHold
Jul 30, 2024SusquehannaBuyBuyHold
Jul 30, 2024NeedhamUnderperformUnderperformHold
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ON Semiconductor's last stock rating was published by Morgan Stanley on Oct 29, 2024. The company gave ON a "Underperform" rating, the same as its previous rate.

ON Semiconductor Financial Forecast


ON Semiconductor Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue-------------$2.18B$2.09B$1.96B$2.10B$2.19B$2.08B$1.95B$1.85B$1.74B$1.67B$1.48B$1.45B$1.32B$1.21B$1.28B$1.40B$1.38B
Avg Forecast$2.20B$2.16B$2.07B$1.99B$1.98B$1.91B$1.80B$1.74B$1.76B$1.75B$1.73B$1.85B$2.00B$2.15B$2.02B$1.92B$2.08B$2.12B$2.01B$1.91B$1.79B$1.71B$1.62B$1.46B$1.36B$1.28B$1.19B$1.29B$1.38B$1.38B
High Forecast$2.26B$2.22B$2.13B$2.05B$2.03B$1.96B$1.85B$1.79B$1.81B$1.75B$1.73B$1.85B$2.03B$2.17B$2.08B$1.97B$2.13B$2.12B$2.01B$1.91B$1.79B$1.71B$1.62B$1.46B$1.36B$1.28B$1.19B$1.29B$1.38B$1.38B
Low Forecast$2.16B$2.12B$2.03B$1.95B$1.94B$1.87B$1.77B$1.70B$1.73B$1.75B$1.73B$1.85B$1.96B$2.14B$1.98B$1.89B$2.04B$2.12B$2.01B$1.91B$1.79B$1.71B$1.62B$1.46B$1.36B$1.28B$1.19B$1.29B$1.38B$1.38B
# Analysts9101418888191816661325121211111111121212121256322
Surprise %-------------1.02%1.04%1.02%1.01%1.04%1.04%1.02%1.03%1.02%1.03%1.01%1.06%1.03%1.02%0.99%1.02%1.00%

ON Semiconductor's average Quarter revenue forecast for Dec 23 based on 13 analysts is $2.00B, with a low forecast of $1.96B, and a high forecast of $2.03B. ON's average Quarter revenue forecast represents a -8.18% decrease compared to the company's last Quarter revenue of $2.18B (Sep 23).

ON Semiconductor EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9101418888191816661325121211111111121212121256322
EBITDA------------$-30.70M$878.60M$674.70M$783.20M$851.20M$872.90M$844.20M$777.30M$654.40M$553.30M$408.20M$283.80M$315.30M$275.90M$195.20M$181.50M$286.50M$106.70M
Avg Forecast$629.73M$618.24M$592.88M$570.15M$566.97M$544.89M$515.70M$497.75M$503.60M$500.72M$494.42M$800.63M$572.59M$614.25M$578.57M$727.84M$457.61M$605.24M$575.99M$661.68M$512.15M$489.75M$464.25M$275.45M$388.56M$364.59M$338.92M$242.00M$393.34M$394.78M
High Forecast$646.17M$634.38M$608.36M$585.04M$581.77M$559.11M$529.16M$511.89M$516.75M$501.27M$494.42M$960.75M$581.18M$621.89M$593.68M$873.41M$549.13M$605.24M$575.99M$794.01M$512.15M$489.75M$464.25M$330.54M$388.56M$364.59M$338.92M$290.40M$393.34M$394.78M
Low Forecast$617.15M$605.89M$581.03M$558.76M$555.64M$534.00M$505.39M$486.43M$493.54M$500.17M$494.42M$640.50M$561.15M$611.92M$567.01M$582.28M$366.09M$605.24M$575.99M$529.34M$512.15M$489.75M$464.25M$220.36M$388.56M$364.59M$338.92M$193.60M$393.34M$394.78M
Surprise %-------------0.05%1.43%1.17%1.08%1.86%1.44%1.47%1.17%1.28%1.13%0.88%1.03%0.81%0.76%0.58%0.75%0.73%0.27%

13 analysts predict ON's average Quarter EBITDA for Dec 23 to be $572.59M, with a high of $581.18M and a low of $561.15M. This is -34.83% lower than ON Semiconductor's previous annual EBITDA (Sep 23) of $878.60M.

ON Semiconductor Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9101418888191816661325121211111111121212121256322
Net Income-------------$582.70M$576.60M$461.70M$604.30M$311.90M$455.80M$530.20M$426.40M$309.70M$184.10M$89.90M$89.00M$160.60M$-900.00K$-13.70M$56.50M$-60.00M
Avg Forecast$674.85M$646.57M$588.83M$544.48M$528.88M$490.70M$438.04M$406.79M$422.22M$419.00M$397.57M$537.67M$520.37M$578.88M$521.81M$488.79M$393.82M$568.18M$544.34M$444.36M$406.43M$318.57M$211.72M$87.26M$119.68M$87.51M$8.72M$-18.67M$139.88M$155.92M
High Forecast$697.76M$668.52M$608.82M$562.96M$546.84M$507.36M$452.91M$440.69M$452.07M$419.09M$397.58M$645.21M$537.57M$596.16M$525.36M$586.55M$472.59M$576.83M$566.42M$533.23M$406.43M$318.57M$211.72M$104.71M$119.68M$87.51M$8.72M$-14.93M$139.88M$155.92M
Low Forecast$657.32M$629.78M$573.54M$530.33M$515.15M$477.96M$426.66M$385.60M$409.42M$418.91M$397.55M$430.14M$511.77M$552.96M$518.26M$391.04M$315.06M$559.53M$522.26M$355.49M$406.43M$318.57M$211.72M$69.80M$119.68M$87.51M$8.72M$-22.40M$139.88M$155.92M
Surprise %-------------1.01%1.11%0.94%1.53%0.55%0.84%1.19%1.05%0.97%0.87%1.03%0.74%1.84%-0.10%0.73%0.40%-0.38%

ON Semiconductor's average Quarter net income forecast for Dec 23 is $520.37M, with a range of $511.77M to $537.57M. ON's average Quarter net income forecast represents a -10.70% decrease compared to the company's last Quarter net income of $582.70M (Sep 23).

ON Semiconductor SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9101418888191816661325121211111111121212121256322
SG&A------------$20.50M$178.90M$158.80M$147.70M$171.40M$154.40M$156.30M$149.00M$153.70M$144.10M$149.30M$151.30M$133.40M$127.50M$128.50M$148.00M$144.80M$142.50M
Avg Forecast$198.47M$194.85M$186.86M$179.69M$178.69M$171.73M$162.53M$156.87M$158.72M$157.81M$155.83M$151.10M$180.46M$193.59M$182.35M$137.36M$141.44M$190.75M$181.53M$124.88M$161.41M$154.36M$146.32M$146.85M$122.46M$114.91M$106.82M$197.33M$123.97M$124.42M
High Forecast$203.65M$199.94M$191.74M$184.39M$183.36M$176.22M$166.78M$161.33M$162.86M$157.99M$155.83M$181.32M$183.17M$196.00M$187.11M$164.84M$169.73M$190.75M$181.53M$149.85M$161.41M$154.36M$146.32M$176.22M$122.46M$114.91M$106.82M$236.80M$123.97M$124.42M
Low Forecast$194.51M$190.96M$183.12M$176.10M$175.12M$168.30M$159.29M$153.31M$155.55M$157.64M$155.83M$120.88M$176.86M$192.86M$178.70M$109.89M$113.15M$190.75M$181.53M$99.90M$161.41M$154.36M$146.32M$117.48M$122.46M$114.91M$106.82M$157.87M$123.97M$124.42M
Surprise %------------0.11%0.92%0.87%1.08%1.21%0.81%0.86%1.19%0.95%0.93%1.02%1.03%1.09%1.11%1.20%0.75%1.17%1.15%

ON Semiconductor's average Quarter SG&A projection for Mar 24 is $151.10M, based on 6 Wall Street analysts, with a range of $120.88M to $181.32M. The forecast indicates a 637.07% rise compared to ON last annual SG&A of $20.50M (Dec 23).

ON Semiconductor EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts9101418888191816661325121211111111121212121256322
EPS-------------$1.35$1.34$1.07$1.40$0.72$1.05$1.22$0.99$0.72$0.43$0.22$0.22$0.39$-0.00$-0.03$0.14$-0.15
Avg Forecast$1.56$1.50$1.36$1.26$1.23$1.14$1.01$0.94$0.98$0.97$0.92$1.04$1.21$1.34$1.21$1.08$1.26$1.31$1.26$1.05$0.94$0.74$0.49$0.34$0.28$0.20$0.02$0.16$0.32$0.36
High Forecast$1.62$1.55$1.41$1.30$1.27$1.18$1.05$1.02$1.05$0.97$0.92$1.04$1.25$1.38$1.22$1.12$1.31$1.33$1.31$1.05$0.94$0.74$0.49$0.34$0.28$0.20$0.02$0.16$0.32$0.36
Low Forecast$1.52$1.46$1.33$1.23$1.19$1.11$0.99$0.89$0.95$0.97$0.92$1.04$1.19$1.28$1.20$1.06$1.23$1.29$1.21$1.05$0.94$0.74$0.49$0.34$0.28$0.20$0.02$0.16$0.32$0.36
Surprise %-------------1.01%1.11%0.99%1.11%0.55%0.84%1.16%1.06%0.98%0.88%0.66%0.80%1.93%-0.17%-0.21%0.43%-0.42%

According to 13 Wall Street analysts, ON Semiconductor's projected average Quarter EPS for Dec 23 is $1.21, with a low estimate of $1.19 and a high estimate of $1.25. This represents a -10.71% decrease compared to ON previous annual EPS of $1.35 (Sep 23).

ON Semiconductor Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
NVTSNavitas Semiconductor$2.58$11.30337.98%Buy
WOLFWolfspeed$13.35$56.43322.70%Hold
GFSGLOBALFOUNDRIES$36.63$69.8690.72%Buy
QRVOQorvo$71.86$117.5763.61%Hold
ONON Semiconductor$70.99$87.2722.93%Buy
MCHPMicrochip$74.81$90.5321.01%Buy
LSCCLattice Semiconductor$52.27$62.1118.83%Buy
NXPINXP Semiconductors$238.59$242.931.82%Buy
TXNTexas Instruments$204.92$205.540.30%Buy
ADIAnalog Devices$225.48$224.64-0.37%Buy
MPWRMonolithic Power Systems$759.37$706.67-6.94%Buy

ON Forecast FAQ


Yes, according to 25 Wall Street analysts, ON Semiconductor (ON) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 19 'Buy' recommendations, accounting for 76.00% of ON's total ratings.

ON Semiconductor (ON) average price target is $87.27 with a range of $55 to $115, implying a 22.93% from its last price of $70.99. The data is based on 25 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for ON stock, the company can go up by 22.93% (from the last price of $70.99 to the average price target of $87.27), up by 61.99% based on the highest stock price target, and down by -22.52% based on the lowest stock price target.

ON's highest twelve months analyst stock price target of $115 supports the claim that ON Semiconductor can reach $110 in the near future.

6 Wall Street analysts forecast a $84.17 price target for ON Semiconductor (ON) this month, up 18.57% from its last price of $70.99. Compared to the last 3 and 12 months, the average price target increased by 18.57% and increased by 20.64%, respectively.

ON Semiconductor's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $7.43B (high $7.63B, low $7.28B), average EBITDA is $2.13B (high $2.18B, low $2.08B), average net income is $1.86B (high $1.95B, low $1.81B), average SG&A $669.83M (high $687.68M, low $656.02M), and average EPS is $4.32 (high $4.51, low $4.18). ON's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $8.43B (high $8.65B, low $8.26B), average EBITDA is $2.41B (high $2.47B, low $2.36B), average net income is $2.45B (high $2.54B, low $2.39B), average SG&A $759.87M (high $779.72M, low $744.69M), and average EPS is $5.69 (high $5.88, low $5.54).

Based on ON Semiconductor's last annual report (Dec 2023), the company's revenue was $8.25B, beating the average analysts forecast of $8.1B by 1.91%. Apple's EBITDA was $2.54B, beating the average prediction of $2.49B by 1.82%. The company's net income was $2.18B, beating the average estimation of $2.11B by 3.50%. Apple's SG&A was $641.5M, missing the average forecast of $693.77M by -7.53%. Lastly, the company's EPS was $5.07, beating the average prediction of $4.84 by 4.78%. In terms of the last quarterly report (Sep 2023), ON Semiconductor's revenue was $2.18B, beating the average analysts' forecast of $2.15B by 1.52%. The company's EBITDA was $878.6M, beating the average prediction of $614.25M by 43.04%. ON Semiconductor's net income was $582.7M, beating the average estimation of $578.88M by 0.66%. The company's SG&A was $178.9M, missing the average forecast of $193.59M by -7.59%. Lastly, the company's EPS was $1.35, beating the average prediction of $1.34 by 0.68%