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Equities research analysts at B. Riley raised their price target on shares of ON Semiconductor Corp (NASDAQ:ONNN) to $12.50 in a research note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. B. Riley’s target price points to a potential upside of 39.20% from the company’s current price.

A number of other analysts have also recently weighed in on ONNN. Analysts at Evercore Partners initiated coverage on shares of ON Semiconductor Corp in a research note on Wednesday, May 14th. They set an “underweight” rating and a $8.00 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of ON Semiconductor Corp from a “neutral” rating to a “sell” rating in a research note on Friday, May 9th. They now have a $8.00 price target on the stock, down previously from $10.50. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of ON Semiconductor Corp in a research note on Friday, May 2nd. They now have a $12.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. ON Semiconductor Corp presently has an average rating of “Hold” and an average target price of $10.78.

ON Semiconductor Corp (NASDAQ:ONNN) traded up 1.67% during mid-day trading on Tuesday, hitting $9.13. 11,881,681 shares of the company’s stock traded hands. ON Semiconductor Corp has a one year low of $6.80 and a one year high of $10.07. The stock’s 50-day moving average is $8.92 and its 200-day moving average is $8.7. The company has a market cap of $4.026 billion and a P/E ratio of 21.90.

ON Semiconductor Corp (NASDAQ:ONNN) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that ON Semiconductor Corp will post $0.80 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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