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ON Semiconductor Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
ONON Semiconductor(ON) Benzinga·2025-05-05 07:00

Group 1 - ON Semiconductor Corporation is set to release its first-quarter earnings results on May 5, with analysts expecting earnings of 50 cents per share, a decrease from 1.08pershareinthesameperiodlastyear[1]−TheprojectedquarterlyrevenueforONSemiconductoris1.08 per share in the same period last year [1] - The projected quarterly revenue for ON Semiconductor is 1.4 billion, down from 1.86billionayearearlier[1]−ONSemiconductorhasceaseditsacquisitioneffortsforAllegroMicroSystems,withdrawingitscashproposalof1.86 billion a year earlier [1] - ON Semiconductor has ceased its acquisition efforts for Allegro MicroSystems, withdrawing its cash proposal of 35.10 per share due to the lack of an actionable path forward [2] Group 2 - ON Semiconductor shares increased by 5.8%, closing at 41.91onthelasttradingday[2]−AnalystshaveprovidedvariousratingsandpricetargetadjustmentsforONSemiconductor,withStifelloweringitstargetfrom41.91 on the last trading day [2] - Analysts have provided various ratings and price target adjustments for ON Semiconductor, with Stifel lowering its target from 52 to 42,Citigroupfrom42, Citigroup from 52 to 40,Keybancfrom40, Keybanc from 60 to 55,Mizuhofrom55, Mizuho from 71 to 62,andNeedhammaintainingatargetof62, and Needham maintaining a target of 57 [8]