Onsemi’s (NASDAQ: ON) stock price has headwinds in early 2025, but it is on track for a robust rebound that could begin before mid-year. Hitting lows near $47.25 following its FQ4 2024 earnings release, the stock is at a multi-year low, near a critical support target, and deeply undervalued. The industrial semiconductor stock is roughly 12x its earnings outlook and well below the analyst's lowest price prediction, which suggests a 10% upside with a chance for nearly 70% at the consensus.
[content-module:CompanyOverview|NASDAQ:ON]In addition to Onsemi’s position in the industrial semiconductor market, analysts like this stock because of the cash flow, balance sheet, and capital return. The company has a fortress balance sheet with ample cash, low leverage, and rising equity. The 2024 highlights include increased long-term debt, offset by improved current and total assets and a 13% increase in shareholder equity.
