ON Semiconductor (NASDAQ:ON)‘s stock had its “buy” rating reissued by investment analysts at Mizuho in a note issued to investors on Friday, January 12th, MarketBeat.com reports. They currently have a $26.00 price target on the semiconductor company’s stock, up from their previous price target of $24.00. Mizuho’s price target points to a potential upside of 5.09% from the stock’s current price.
A number of other equities research analysts have also commented on the stock. Zacks Investment Research upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Tuesday, October 17th. Robert W. Baird reiterated a “buy” rating and set a $25.00 price target on shares of ON Semiconductor in a report on Tuesday, October 17th. Bank of America reiterated a “buy” rating on shares of ON Semiconductor in a report on Sunday, October 1st. Craig Hallum initiated coverage on shares of ON Semiconductor in a report on Monday, September 25th. They set a “buy” rating and a $25.00 price target for the company. Finally, BidaskClub upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. ON Semiconductor presently has an average rating of “Buy” and an average price target of $22.26.
Shares of ON Semiconductor (NASDAQ:ON) opened at $24.74 on Friday. ON Semiconductor has a 12 month low of $13.02 and a 12 month high of $24.98. The stock has a market cap of $10,490.00, a price-to-earnings ratio of 26.89, a PEG ratio of 0.78 and a beta of 2.02. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20.
ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.10). ON Semiconductor had a net margin of 7.22% and a return on equity of 22.97%. analysts forecast that ON Semiconductor will post 1.43 earnings per share for the current fiscal year.
In other news, Director Daryl Ostrander sold 1,398 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $19.10, for a total value of $26,701.80. Following the sale, the director now directly owns 64,060 shares of the company’s stock, valued at approximately $1,223,546. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO William A. Schromm sold 54,366 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $21.18, for a total transaction of $1,151,471.88. Following the completion of the sale, the chief operating officer now directly owns 666,815 shares in the company, valued at $14,123,141.70. The disclosure for this sale can be found here. Insiders sold a total of 196,874 shares of company stock valued at $4,259,209 over the last 90 days. Company insiders own 1.60% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. grew its position in shares of ON Semiconductor by 13.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock worth $113,000 after buying an additional 960 shares during the period. Marshall Wace North America L.P. purchased a new stake in shares of ON Semiconductor in the 2nd quarter worth about $184,000. BB&T Securities LLC purchased a new stake in shares of ON Semiconductor in the 3rd quarter worth about $187,000. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of ON Semiconductor in the 3rd quarter worth about $200,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of ON Semiconductor by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,851 shares of the semiconductor company’s stock worth $209,000 after buying an additional 1,507 shares during the period. 99.75% of the stock is currently owned by hedge funds and other institutional investors.
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ON Semiconductor Company Profile
ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.
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