ON Semiconductor Corp (NASDAQ:ON) has received an average recommendation of “Buy” from the twenty-three ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation, twelve have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $23.99.
Several brokerages have recently issued reports on ON. BidaskClub cut ON Semiconductor from a “buy” rating to a “hold” rating in a report on Friday, February 9th. MKM Partners increased their target price on ON Semiconductor to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research raised ON Semiconductor from a “sell” rating to a “hold” rating and set a $25.00 target price on the stock in a research report on Tuesday, February 6th. Jefferies Group reaffirmed a “hold” rating and issued a $26.00 target price on shares of ON Semiconductor in a research report on Tuesday, February 6th. Finally, Credit Suisse Group increased their target price on ON Semiconductor from $17.00 to $20.00 and gave the stock an “underperform” rating in a research report on Tuesday, February 6th.
ON Semiconductor (ON) traded down $0.26 during trading hours on Tuesday, reaching $22.54. 4,450,000 shares of the company traded hands, compared to its average volume of 8,400,000. The company has a market capitalization of $9,560.00, a PE ratio of 11.99, a P/E/G ratio of 1.06 and a beta of 2.08. ON Semiconductor has a twelve month low of $13.65 and a twelve month high of $25.60. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.
ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. ON Semiconductor had a net margin of 14.63% and a return on equity of 23.64%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. analysts predict that ON Semiconductor will post 1.73 earnings per share for the current fiscal year.
In other news, VP Paul E. Rolls sold 16,899 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $21.03, for a total transaction of $355,385.97. Following the completion of the sale, the vice president now directly owns 305,807 shares in the company, valued at $6,431,121.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daryl Ostrander sold 1,398 shares of the firm’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 owns 64,060 shares of the company’s stock, valued at $1,223,546. The disclosure for this sale can be found here. Insiders sold 43,880 shares of company stock worth $989,468 over the last three months. 1.60% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. Westover Capital Advisors LLC grew its stake in shares of ON Semiconductor by 13.9% during the fourth quarter. Westover Capital Advisors LLC now owns 19,982 shares of the semiconductor company’s stock valued at $418,000 after acquiring an additional 2,433 shares in the last quarter. SignalPoint Asset Management LLC grew its stake in shares of ON Semiconductor by 6.2% during the fourth quarter. SignalPoint Asset Management LLC now owns 42,473 shares of the semiconductor company’s stock valued at $889,000 after acquiring an additional 2,461 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of ON Semiconductor by 3.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 85,392 shares of the semiconductor company’s stock valued at $1,788,000 after acquiring an additional 2,658 shares in the last quarter. Hanseatic Management Services Inc. grew its stake in shares of ON Semiconductor by 4.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 69,489 shares of the semiconductor company’s stock valued at $1,455,000 after acquiring an additional 2,858 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of ON Semiconductor by 12.5% during the fourth quarter. IFP Advisors Inc now owns 25,896 shares of the semiconductor company’s stock valued at $542,000 after acquiring an additional 2,869 shares in the last quarter. Institutional investors 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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