ON Semiconductor Corp Receives Consensus Rating of “Buy” from Analysts (NASDAQ:ONNN)
Shares of ON Semiconductor Corp (NASDAQ:ONNN) have been given a consensus rating of “Buy” by the seventeen ratings firms that are covering the company, American Banking & Market News reports. Two research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $10.86.
A number of research firms have recently commented on ONNN. Analysts at Deutsche Bank reiterated a “buy” rating on shares of ON Semiconductor Corp in a research note on Friday, August 1st. They now have a $12.00 price target on the stock. Separately, analysts at Wedbush cut their price target on shares of ON Semiconductor Corp from $13.00 to $12.00 in a research note on Friday, August 1st. Finally, analysts at Morgan Stanley raised their price target on shares of ON Semiconductor Corp from $8.00 to $8.50 in a research note on Friday, August 1st.
ON Semiconductor Corp (NASDAQ:ONNN) remained flat at $9.47 during during mid-day trading trading on Monday. 937,369 shares of the company’s stock traded hands. ON Semiconductor Corp has a 1-year low of $6.80 and a 1-year high of $10.07. The stock has a 50-day moving average of $8. and a 200-day moving average of $9.11. The company has a market cap of $4.177 billion and a P/E ratio of 18.98.
ON Semiconductor Corp (NASDAQ:ONNN) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts predict that ON Semiconductor Corp will post $0.81 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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