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NASDAQ: ON
On Semiconductor Corp Stock Forecast, Predictions & Price Target

Analyst price target for ON

Based on 15 analysts offering 12 month price targets for On Semiconductor Corp.
Min Forecast
$37.50-23.92%
Avg Forecast
$48.30-2.01%
Max Forecast
$60.00+21.73%

Should I buy or sell ON stock?

Based on 17 analysts offering ratings for On Semiconductor Corp.
Strong Buy
Strong Buy
10 analysts 58.82%
Buy
3 analysts 17.65%
Hold
3 analysts 17.65%
Sell
1 analysts 5.88%
Strong Sell
0 analysts 0%

ON stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Morgan Stanley
Top 15%
86
HoldUpgrades$42.00-14.79%2021-08-26
Raymond James
Top 1%
100
BuyMaintains$60.00+21.73%2021-08-03
Credit Suisse
Top 10%
91
SellMaintains$45.00-8.70%2021-08-03
Mizuho
Top 2%
99
Strong BuyMaintains$49.00-0.59%2021-08-03
Rosenblatt
Top 4%
97
Strong BuyMaintains$60.00+21.73%2021-08-03
Needham
Top 1%
100
Strong BuyMaintains$60.00+21.73%2021-08-03
Morgan Stanley
Top 31%
70
HoldUpgradesN/AN/A2021-08-03
Anonymous
KeyBanc
Strong BuyMaintains$55.00+11.58%2021-08-03
Susquehanna
Top 5%
96
Strong BuyMaintains$46.00-6.67%2021-05-04
Baird
Top 16%
85
BuyUpgrades$48.00-2.62%2021-05-04

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Forecast return on equity

Is ON forecast to generate an efficient return?
Company
39.82%
Industry
3.54%
Market
2,530.71%
ON's Return on Equity is forecast to be high in 3 years (39.82%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is ON forecast to generate an efficient return on assets?
Company
17.53%
Industry
2.2%
Market
1,237.48%
ON is forecast to generate higher Return on Assets (17.53%) than the US Semiconductors industry average (2.2%)
Forecast

ON earnings per share forecast

What is ON's earnings per share in the next 3 years based on estimates from 10 analysts?
Avg 1 year Forecast
$2.49+97.62%
Avg 2 year Forecast
$2.78+120.63%
Avg 3 year Forecast
$2.93+132.54%
ON's earnings are forecast to grow at an exceptional rate of 33.36% per year
Forecast

ON revenue forecast

What is ON's revenue in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$6.6B+11.15%
Avg 2 year Forecast
$6.9B+16%
Avg 3 year Forecast
$7.1B+20.17%
ON's revenue is forecast to grow at a rate of 6.39% per year, which is not exceptional
Forecast

ON earnings growth forecast

How is ON forecast to perform vs Semiconductors companies and vs the US market?
Company
33.36%
Industry
23.53%
Market
18.62%
ON's earnings are forecast to grow faster (33.36% per year) than the US Semiconductors industry average (23.53%)
Forecast
ON's earnings are forecast to grow faster (33.36% per year) than the US market average (18.62%)
Forecast
ON's earnings are forecast to grow faster (33.36% per year) than the risk-free savings rate (1.5%)
Forecast

ON revenue growth forecast

How is ON forecast to perform vs Semiconductors companies and vs the US market?
Company
6.39%
Industry
13.13%
Market
12.37%
ON's revenues are forecast to grow slower (6.39% per year) than the US Semiconductors industry average (13.13%)
Forecast
ON's revenues are forecast to grow slower (6.39% per year) than the US market average (12.37%)
Forecast

On Semiconductor Corp Stock Forecast FAQ

Is On Semiconductor Corp Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 17 Wall Street analysts covering (NASDAQ: ON) stock is to Strong Buy ON stock.

Out of 17 analysts, 10 (58.82%) are recommending ON as a Strong Buy, 3 (17.65%) are recommending ON as a Buy, 3 (17.65%) are recommending ON as a Hold, 1 (5.88%) are recommending ON as a Sell, and 0 (0%) are recommending ON as a Strong Sell.

What is ON's earnings growth forecast for 2021-2023?

(NASDAQ: ON) On Semiconductor Corp's forecast annual earnings growth rate of 33.36% is forecast to beat the US Semiconductors industry's average forecast earnings growth rate of 23.53%, and and it is also forecast to beat the US market's average forecast earnings growth rate of 18.62%.

On Semiconductor Corp's earnings in 2021 is $523,600,000.On average, 10 Wall Street analysts forecast ON's earnings for 2021 to be $1,072,025,205, with the lowest ON earnings forecast at $1,037,582,629, and the highest ON earnings forecast at $1,097,857,138. On average, 11 Wall Street analysts forecast ON's earnings for 2022 to be $1,196,879,547, with the lowest ON earnings forecast at $1,067,719,883, and the highest ON earnings forecast at $1,343,260,498.

In 2023, ON is forecast to generate $1,261,459,378 in earnings, with the lowest earnings forecast at $1,166,742,292 and the highest earnings forecast at $1,347,565,820.

What is ON's revenue growth forecast for 2021-2023?

(NASDAQ: ON) On Semiconductor Corp's forecast annual revenue growth rate of 6.39% is not forecast to beat the US Semiconductors industry's average forecast revenue growth rate of 13.13%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 12.37%.

On Semiconductor Corp's revenue in 2021 is $5,915,200,000.On average, 9 Wall Street analysts forecast ON's revenue for 2021 to be $2,830,628,738,306, with the lowest ON revenue forecast at $2,814,819,595,518, and the highest ON revenue forecast at $2,842,373,657,022. On average, 9 Wall Street analysts forecast ON's revenue for 2022 to be $2,954,166,942,527, with the lowest ON revenue forecast at $2,856,417,617,745, and the highest ON revenue forecast at $3,016,941,552,616.

In 2023, ON is forecast to generate $3,060,343,504,807 in revenue, with the lowest revenue forecast at $2,930,331,387,729 and the highest revenue forecast at $3,161,337,750,863.

What is ON's forecast return on assets (ROA) for 2021-2024?

(NASDAQ: ON) forecast ROA is 17.53%, which is higher than the forecast US Semiconductors industry average of 2.2%.

What is ON's Price Target?

According to 15 Wall Street analysts that have issued a 1 year ON price target, the average ON price target is $48.30, with the highest ON stock price forecast at $60.00 and the lowest ON stock price forecast at $37.50.

On average, Wall Street analysts predict that On Semiconductor Corp's share price could stay at $48.30 by Aug 26, 2022. The average On Semiconductor Corp stock price prediction forecasts a potential downside of N/A from the current ON share price of $49.29.

What is ON's Earnings Per Share (EPS) forecast for 2021-2023?

(NASDAQ: ON) On Semiconductor Corp's current Earnings Per Share (EPS) is $1.26. On average, analysts forecast that ON's EPS will be $2.49 for 2021, with the lowest EPS forecast at $2.41, and the highest EPS forecast at $2.55. On average, analysts forecast that ON's EPS will be $2.78 for 2022, with the lowest EPS forecast at $2.48, and the highest EPS forecast at $3.12. In 2023, ON's EPS is forecast to hit $2.93 (min: $2.71, max: $3.13).

What is ON's forecast return on equity (ROE) for 2021-2024?

(NASDAQ: ON) forecast ROE is 39.82%, which is considered strong.
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