ON Semiconductor Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

ON Semiconductor Corporation ON will release earnings results for the first quarter, before the opening bell on Monday, May 5.

Analysts expect the Scottsdale, Arizona-based company to report quarterly earnings at 50 cents per share, down from $1.08 per share in the year-ago period. ON Semiconductor projects to report quarterly revenue at $1.4 billion, compared to $1.86 billion a year earlier, according to data from Benzinga Pro.

On April 14, ON Semiconductor announced it ceased efforts to acquire Allegro MicroSystems and withdrew its all-cash proposal of $35.10 per share after determining there was "no actionable path forward."

ON Semiconductor shares gained 5.8% to close at $41.91 on Friday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

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Stifel analyst Tore Svanberg maintained a Hold rating and lowered the price target from $52 to $42 on April 17, 2025. This analyst has an accuracy rate of 73%.
Citigroup analyst Christopher Danely maintained a Neutral rating and cut the price target from $52 to $40 on April 11, 2025. This analyst has an accuracy rate of 77%.
Keybanc analyst John Vinh maintained an Overweight rating and cut the price target from $60 to $55 on April 8, 2025. This analyst has an accuracy rate of 70%.
Mizuho analyst Vijay Rakesh maintained an Outperform rating and cut the price target from $71 to $62 on March 24, 2025. This analyst has an accuracy rate of 73%.
Needham analyst Quinn Bolton reiterated a Buy rating with a price target of $57 on March 3, 2025. This analyst has an accuracy rate of 77%.

Considering buying ON stock? Here’s what analysts think: