ON Semiconductor (ON) Stock Forecast, Price Target & Predictions
ON Stock Forecast
ON Semiconductor stock forecast is as follows: an average price target of $87.52 (represents a 30.03% upside from ON’s last price of $67.31) and a rating consensus of 'Buy', based on 26 wall street analysts offering a 1-year stock forecast.
ON Price Target
The average price target for ON Semiconductor (ON) is $87.52 based on 1-year price targets from 26 Wall Street analysts in the past 3 months, with a price target range of $115.00 to $55.00. This represents a potential 30.03% upside from ON's last price of $67.31.
ON Analyst Ratings
According to 26 Wall Street analysts, ON Semiconductor's rating consensus is 'Buy'. The analyst rating breakdown for ON stock is 0 'Strong Buy' (0.00%), 20 'Buy' (76.92%), 6 'Hold' (23.08%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
ON Semiconductor Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 11, 2024 | Gary Mobley | Loop Capital Markets | $95.00 | $69.96 | 35.79% | 41.14% |
| Oct 29, 2024 | Tristan Gerra | Robert W. Baird | $75.00 | $72.24 | 3.82% | 11.42% |
| Oct 29, 2024 | Craig Ellis | B.Riley Financial | $100.00 | $72.24 | 38.43% | 48.57% |
| Oct 29, 2024 | Joseph Moore | Morgan Stanley | $64.00 | $72.24 | -11.41% | -4.92% |
| Oct 28, 2024 | Toshiya Hari | Goldman Sachs | $92.00 | $72.24 | 27.35% | 36.68% |
| Oct 28, 2024 | William Stein | Truist Financial | $89.00 | $72.24 | 23.20% | 32.22% |
| Oct 18, 2024 | Vijay Rakesh | Mizuho Securities | $85.00 | $69.24 | 22.76% | 26.28% |
| Jul 30, 2024 | Kevin Cassidy | Rosenblatt Securities | $75.00 | $74.90 | 0.13% | 11.42% |
| Jul 30, 2024 | David Williams | Williams Trading | $90.00 | $74.90 | 20.16% | 33.71% |
| Jul 30, 2024 | William Stein | Truist Financial | $97.00 | $73.97 | 31.13% | 44.11% |
The latest ON Semiconductor stock forecast, released on Nov 11, 2024 by Gary Mobley from Loop Capital Markets, set a price target of $95.00, which represents a 35.79% increase from the stock price at the time of the forecast ($69.96), and a 41.14% increase from ON last price ($67.31).
ON Semiconductor Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 6 | 7 | 29 |
| Avg Price Target | $85.83 | $85.71 | $85.97 |
| Last Closing Price | $67.31 | $67.31 | $67.31 |
| Upside/Downside | 27.51% | 27.34% | 27.72% |
In the current month, the average price target of ON Semiconductor stock is $85.83, according to 6 Wall Street analysts offering twelve months forecast. The average price target represents a 27.51% increase as opposed to ON Semiconductor's last price of $67.31. This month's average price target is up 0.14% compared to last quarter, and down -0.16% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 11, 2024 | Loop Capital Markets | - | Buy | Initialise |
| Oct 29, 2024 | Morgan Stanley | Underperform | Underperform | Hold |
| Oct 29, 2024 | Needham | Buy | Buy | Hold |
| Oct 29, 2024 | Benchmark | Buy | Buy | Hold |
| Oct 29, 2024 | Morgan Stanley | Underweight | Underweight | Hold |
| Oct 28, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Oct 08, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Jul 30, 2024 | Rosenblatt Securities | Neutral | Neutral | Hold |
| Jul 30, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Jul 30, 2024 | Susquehanna | Buy | Buy | Hold |
ON Semiconductor's last stock rating was published by Loop Capital Markets on Nov 11, 2024. The company Initialise its ON rating from "null" to "Buy".
ON Semiconductor Financial Forecast
ON Semiconductor Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $1.80B | $1.81B | $1.75B | $1.73B | $1.85B | $2.03B | $2.17B | $2.08B | $1.98B | $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 | $2.18B | $2.14B | $2.05B | $1.97B | $1.96B | $1.88B | $1.78B | $1.71B | $1.74B | $1.75B | $1.73B | $1.85B | $1.98B | $2.14B | $2.00B | $1.90B | $2.06B | $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 |
| # Analysts | 9 | 10 | 14 | 18 | 8 | 8 | 8 | 19 | 19 | 17 | 6 | 6 | 13 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 5 | 6 | 3 | 2 | 2 |
| 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 $1.98B, 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 10 | 14 | 18 | 8 | 8 | 8 | 19 | 19 | 17 | 6 | 6 | 13 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 5 | 6 | 3 | 2 | 2 |
| 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 | $661.96M | $649.88M | $623.22M | $599.33M | $595.73M | $572.83M | $542.41M | $523.21M | $529.36M | $526.35M | $519.73M | $800.63M | $601.89M | $645.69M | $608.18M | $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 | $679.40M | $667.00M | $639.64M | $615.12M | $611.43M | $587.92M | $556.70M | $541.15M | $543.31M | $526.93M | $519.73M | $960.75M | $610.92M | $653.72M | $624.21M | $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 | $654.59M | $642.64M | $616.28M | $592.66M | $589.10M | $566.45M | $536.37M | $514.25M | $523.47M | $525.77M | $519.73M | $640.50M | $595.19M | $643.24M | $601.41M | $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% | 1.36% | 1.11% | 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 $601.89M, with a high of $610.92M and a low of $595.19M. This is -31.49% lower than ON Semiconductor's previous annual EBITDA (Sep 23) of $878.60M.
ON Semiconductor Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 10 | 14 | 18 | 8 | 8 | 8 | 19 | 19 | 17 | 6 | 6 | 13 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 5 | 6 | 3 | 2 | 2 |
| 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 | $674.63M | $646.51M | $588.83M | $544.34M | $528.72M | $490.95M | $438.48M | $406.93M | $422.13M | $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 | $697.74M | $668.66M | $609.00M | $562.98M | $546.83M | $507.77M | $453.50M | $441.20M | $451.98M | $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 | $664.87M | $637.15M | $580.31M | $536.46M | $521.07M | $483.84M | $432.13M | $389.80M | $409.34M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 10 | 14 | 18 | 8 | 8 | 8 | 19 | 19 | 17 | 6 | 6 | 13 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 5 | 6 | 3 | 2 | 2 |
| 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 | $178.62M | $171.75M | $162.63M | $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 | $203.70M | $199.98M | $191.78M | $184.43M | $183.32M | $176.27M | $166.91M | $162.25M | $162.90M | $157.99M | $155.83M | $181.32M | $183.17M | $196.00M | $187.15M | $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 | $196.26M | $192.68M | $184.78M | $177.69M | $176.63M | $169.84M | $160.82M | $154.18M | $156.95M | $157.64M | $155.83M | $120.88M | $178.45M | $192.86M | $180.32M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 10 | 14 | 18 | 8 | 8 | 8 | 19 | 19 | 17 | 6 | 6 | 13 | 25 | 12 | 12 | 11 | 11 | 11 | 11 | 12 | 12 | 12 | 12 | 12 | 5 | 6 | 3 | 2 | 2 |
| 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 | $1.22 | $1.14 | $1.02 | $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 | $1.54 | $1.48 | $1.34 | $1.24 | $1.21 | $1.12 | $1.00 | $0.90 | $0.95 | $0.97 | $0.92 | $1.04 | $1.19 | $1.28 | $1.20 | $1.07 | $1.25 | $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
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| WOLF | Wolfspeed | $6.44 | $56.29 | 774.07% | Hold |
| NVTS | Navitas Semiconductor | $1.83 | $7.70 | 320.77% | Buy |
| QRVO | Qorvo | $65.66 | $115.55 | 75.98% | Hold |
| GFS | GLOBALFOUNDRIES | $41.66 | $67.38 | 61.74% | Buy |
| MCHP | Microchip | $65.12 | $87.89 | 34.97% | Buy |
| ON | ON Semiconductor | $67.31 | $87.52 | 30.03% | Buy |
| MPWR | Monolithic Power Systems | $560.06 | $706.67 | 26.18% | Buy |
| LSCC | Lattice Semiconductor | $50.75 | $57.27 | 12.85% | Buy |
| NXPI | NXP Semiconductors | $220.34 | $245.18 | 11.27% | Buy |
| ADI | Analog Devices | $211.01 | $224.64 | 6.46% | Buy |
| TXN | Texas Instruments | $198.19 | $205.54 | 3.71% | Buy |