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Equities researchers at Jefferies Group lowered their price target on shares of ON Semiconductor Corp (NASDAQ:ONNN) from $10.00 to $9.50 in a research report issued on Friday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target suggests a potential upside of 8.08% from the stock’s previous close.

In other ON Semiconductor Corp news, SVP George H. Cave unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Monday, July 21st. The stock was sold at an average price of $9.50, for a total value of $47,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of ON Semiconductor Corp (NASDAQ:ONNN) opened at 8.79 on Friday. ON Semiconductor Corp has a 52-week low of $6.80 and a 52-week high of $10.07. The stock’s 50-day moving average is $9.08 and its 200-day moving average is $9.09. The company has a market cap of $3.876 billion and a P/E ratio of 20.88.

ON Semiconductor Corp (NASDAQ:ONNN) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $757.60 million for the quarter, compared to the consensus estimate of $753.28 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. Analysts expect that ON Semiconductor Corp will post $0.80 EPS for the current fiscal year.

A number of other firms have also recently commented on ONNN. Analysts at Morgan Stanley reiterated a “buy” rating on shares of ON Semiconductor Corp in a research note on Monday, June 23rd. They now have a $11.00 price target on the stock, up previously from $10.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of ON Semiconductor Corp in a research note on Friday, June 13th. They now have a $9.50 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $10.77.

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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