ON Semiconductor Corp. Reaches New 12-Month High at $9.27 (ONNN)
ON Semiconductor Corp. (NASDAQ:ONNN)’s share price reached a new 52-week high on Friday, AnalystRatingsNetwork reports. The company traded as high as $9.27 and last traded at $9.07, with a volume of 26,873,813 shares traded. The stock had previously closed at $8.32.
A number of research firms have recently commented on ONNN. Analysts at Zacks reiterated a “neutral” rating on shares of ON Semiconductor Corp. in a research note to investors on Friday. They now have a $8.75 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of ON Semiconductor Corp. from $8.00 to $9.00 in a research note to investors on Friday. Finally, analysts at FBR Capital Markets raised their price target on shares of ON Semiconductor Corp. from $10.50 to $11.00 in a research note to investors on Friday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $9.45.
ON Semiconductor Corp. has a 52-week low of $6.80 and a 52-week high of $8.97. The stock has a 50-day moving average of $8.36 and a 200-day moving average of $7.59. The company’s market cap is $4.031 billion.
ON Semiconductor Corp. (NASDAQ:ONNN) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $718.00 million for the quarter, compared to the consensus estimate of $691.29 million. During the same quarter last year, the company posted $0.08 earnings per share. ON Semiconductor Corp.’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that ON Semiconductor Corp. will post $0.53 earnings per share for the current fiscal year.
ON Semiconductor Corporation (NASDAQ:ONNN) designs, manufactures and markets a portfolio of semiconductor components that address the design needs of electronic systems and products.
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