ON Semiconductor (NASDAQ:ON)‘s stock had its “hold” rating reissued by Jefferies Group in a research note issued on Tuesday, February 6th. They currently have a $26.00 target price on the semiconductor company’s stock. Jefferies Group’s target price indicates a potential upside of 19.49% from the stock’s previous close. Jefferies Group also issued estimates for ON Semiconductor’s Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.44 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.46 EPS, FY2018 earnings at $1.78 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.53 EPS, Q4 2019 earnings at $0.50 EPS and FY2019 earnings at $1.96 EPS.
ON has been the topic of several other reports. Credit Suisse Group raised their price target on ON Semiconductor from $14.50 to $17.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 7th. Needham & Company LLC restated a “buy” rating and set a $25.00 price target on shares of ON Semiconductor in a research report on Tuesday, December 19th. Vetr lowered ON Semiconductor from a “strong-buy” rating to a “buy” rating and set a $25.52 price target on the stock. in a research report on Wednesday, January 10th. ValuEngine lowered ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, BidaskClub upgraded ON Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $23.99.
Shares of ON Semiconductor (NASDAQ:ON) traded up $0.42 during trading on Tuesday, hitting $21.76. The stock had a trading volume of 7,843,600 shares, compared to its average volume of 8,219,056. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25. The company has a market cap of $9,230.00, a price-to-earnings ratio of 11.57, a PEG ratio of 1.01 and a beta of 2.08. ON Semiconductor has a 12-month low of $13.65 and a 12-month high of $25.60.
ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Friday, February 2nd. The semiconductor company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. ON Semiconductor had a return on equity of 23.64% and a net margin of 14.63%. The company’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 EPS. analysts expect that ON Semiconductor will post 1.73 EPS for the current year.
In other news, EVP William Hall sold 22,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $23.86, for a total value of $538,830.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP George H. Cave sold 3,000 shares of ON Semiconductor stock in a transaction on Monday, January 8th. The shares were sold at an average price of $22.85, for a total value of $68,550.00. Following the transaction, the executive vice president now owns 394,570 shares of the company’s stock, valued at approximately $9,015,924.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,880 shares of company stock valued at $989,468. 1.40% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in the business. Profund Advisors LLC raised its stake in ON Semiconductor by 26.1% during the fourth quarter. Profund Advisors LLC now owns 98,830 shares of the semiconductor company’s stock valued at $2,070,000 after buying an additional 20,482 shares during the last quarter. Nicholas Investment Partners LP purchased a new position in ON Semiconductor during the fourth quarter valued at $3,994,000. Income Research & Management purchased a new position in ON Semiconductor during the fourth quarter valued at $1,039,000. Renaissance Technologies LLC raised its stake in ON Semiconductor by 29.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,465,296 shares of the semiconductor company’s stock valued at $51,623,000 after buying an additional 563,900 shares during the last quarter. Finally, Moors & Cabot Inc. raised its stake in ON Semiconductor by 100.7% during the fourth quarter. Moors & Cabot Inc. now owns 25,205 shares of the semiconductor company’s stock valued at $528,000 after buying an additional 12,645 shares during the last quarter. Institutional investors and hedge funds own 99.81% of the company’s stock.
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About ON Semiconductor
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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