ON Semiconductor Corp Stock Surges 3.25% Amidst Analyst Projections

ON Semiconductor Corp's (ON) stock price rose 3.25% to $51.80 on June 9, with trading volume at 2,996,726 shares. The average target price is $47.39, with a high estimate of $72.11 and a low estimate of $33.00. Analysts forecast an average target price of $47.39, with a high estimate of $72.11 and a low estimate of $33.00. GuruFocus estimates the GF Value for ON Semiconductor Corp in one year is $58.40, suggesting a 12.74% upside from the current price.

ON Semiconductor Corp. (ON) saw its stock price rise 3.25% to $51.80 on June 9, 2025, with trading volume reaching 2,996,726 shares. This significant increase comes amidst a broader market trend where the stock outperformed the S&P 500's daily gain of 0.55% [1]. The semiconductor components maker has shown strong performance, gaining 17.39% over the past month, which is more than the 11.3% increase in the Computer and Technology sector and the 6.29% gain in the S&P 500 [1].

Analysts forecast an average target price of $47.39, with estimates ranging from $33.00 to $72.11. GuruFocus estimates the GF Value for ON Semiconductor Corp. in one year to be $58.40, suggesting a potential 12.74% upside from the current price [2].

The company is projected to report earnings of $0.54 per share, representing a year-over-year decline of 43.75%, with revenue expected to be $1.45 billion, down 16.44% from the year-ago period. For the full year, the Zacks Consensus Estimates project earnings of $2.31 per share and revenue of $5.9 billion, which would represent changes of -41.96% and -16.64%, respectively, from the prior year [1].

Despite the earnings projections, the stock's performance has been driven by the broader market sentiment and the sector's growth. The Semiconductor Industry Association (SIA) reported that global chip sales jumped 2.5% sequentially in April, reaching $57 billion, up from $55.6 billion in March. Year over year, semiconductor sales jumped 22.7%, marking the 11th straight month of year-over-year sales growth above 17% [2].

The reforms announced by the central government in India aim to boost semiconductor and electronics manufacturing by easing the establishment of Special Economic Zones (SEZs) for these sectors. The reforms include reducing the minimum land requirement for SEZs dedicated to semiconductor or electronics component manufacturing from 50 hectares to 10 hectares, and relaxing the requirement of encumbrance-free land [3].

Investors should closely monitor the financial results of ON Semiconductor Corp. and the broader semiconductor sector, as the industry continues to show strong growth driven by robust demand, particularly from data centers and AI investments.

References:
[1] https://finance.yahoo.com/news/semiconductor-corp-outpaces-stock-market-215013348.html
[2] https://www.tradingview.com/news/zacks:38440ab2e094b:0-4-stocks-to-watch-on-steady-growth-in-semiconductor-sales/
[3] https://ddnews.gov.in/en/centre-notifies-sez-reforms-to-boost-semiconductor-and-electronics-manufacturing/