Brokerages Set ON Semiconductor Corp (ON) Target Price at $25.82

Shares of ON Semiconductor Corp (NASDAQ:ON) have earned an average recommendation of “Hold” from the twenty-two ratings firms that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $25.74.

A number of equities research analysts have recently issued reports on ON shares. Zacks Investment Research cut shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, April 25th. JPMorgan Chase & Co. boosted their price target on ON Semiconductor from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Tuesday, May 1st. ValuEngine downgraded ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, May 2nd. BidaskClub raised ON Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 30th. Finally, Craig Hallum boosted their price target on ON Semiconductor from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Tuesday, June 5th.

In other ON Semiconductor news, EVP William Hall sold 25,179 shares of the stock in a transaction that occurred on Tuesday, May 15th. The stock was sold at an average price of $23.65, for a total transaction of $595,483.35. Following the transaction, the executive vice president now directly owns 375,391 shares in the company, valued at approximately $8,877,997.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP George H. Cave sold 5,000 shares of the stock in a transaction that occurred on Tuesday, May 29th. The stock was sold at an average price of $26.00, for a total value of $130,000.00. Following the transaction, the executive vice president now owns 232,382 shares in the company, valued at $6,041,932. The disclosure for this sale can be found here. Insiders have sold a total of 112,929 shares of company stock worth $2,709,996 over the last 90 days. Company insiders own 1.60% of the company’s stock.



Several large investors have recently modified their holdings of the company. Profund Advisors LLC increased its position in shares of ON Semiconductor by 2.3% during the 1st quarter. Profund Advisors LLC now owns 101,102 shares of the semiconductor company’s stock valued at $2,473,000 after purchasing an additional 2,272 shares during the last quarter. Comerica Bank increased its position in shares of ON Semiconductor by 3.4% during the 2nd quarter. Comerica Bank now owns 74,521 shares of the semiconductor company’s stock valued at $1,782,000 after purchasing an additional 2,478 shares during the last quarter. Independent Advisor Alliance increased its position in shares of ON Semiconductor by 13.9% during the 2nd quarter. Independent Advisor Alliance now owns 20,734 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 2,526 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of ON Semiconductor by 20.1% during the 1st quarter. First Republic Investment Management Inc. now owns 23,167 shares of the semiconductor company’s stock valued at $566,000 after purchasing an additional 3,874 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its position in shares of ON Semiconductor by 0.9% during the 2nd quarter. Stephens Investment Management Group LLC now owns 498,803 shares of the semiconductor company’s stock valued at $11,113,000 after purchasing an additional 4,355 shares during the last quarter. 91.05% of the stock is currently owned by institutional investors.

Shares of ON Semiconductor traded down $0.58, hitting $21.34, during midday trading on Tuesday, Marketbeat.com reports. The stock had a trading volume of 8,248,872 shares, compared to its average volume of 6,231,361. ON Semiconductor has a 12 month low of $15.52 and a 12 month high of $27.10. The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $9.34 billion, a PE ratio of 14.62, a P/E/G ratio of 0.90 and a beta of 2.06.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Sunday, July 29th. The semiconductor company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.01. ON Semiconductor had a net margin of 16.66% and a return on equity of 24.14%. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.43 billion. equities analysts predict that ON Semiconductor will post 1.84 earnings per share for the current fiscal year.

About ON Semiconductor

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

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Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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