Share on StockTwits

ON Semiconductor Corp (NASDAQ:ONNN)‘s stock had its “outperform” rating restated by research analysts at FBR Capital Markets in a report released on Friday, Analyst Ratings Net reports. They currently have a $12.00 target price on the stock. FBR Capital Markets’ price objective points to a potential upside of 27.93% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of ON Semiconductor Corp from $9.00 to $10.00 in a research note on Friday. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of ON Semiconductor Corp in a research note on Tuesday, April 22nd. They now have a $10.50 price target on the stock. Finally, analysts at Stifel Nicolaus raised their price target on shares of ON Semiconductor Corp from $9.50 to $10.50 in a research note on Friday, April 11th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $10.77.

ON Semiconductor Corp (NASDAQ:ONNN) traded down 5.65% on Friday, hitting $8.85. The stock had a trading volume of 8,759,467 shares. ON Semiconductor Corp has a 52 week low of $6.80 and a 52 week high of $10.07. The stock has a 50-day moving average of $9.48 and a 200-day moving average of $8.41. The company has a market cap of $3.898 billion and a P/E ratio of 28.42.

ON Semiconductor Corp (NASDAQ:ONNN) last released its earnings data on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.02. The company had revenue of $706.50 million for the quarter, compared to the consensus estimate of $711.01 million. During the same quarter last year, the company posted $0.10 earnings per share. ON Semiconductor Corp’s revenue was up 6.9% compared to the same quarter last year. On average, analysts predict that ON Semiconductor Corp will post $0.78 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.