ON Semiconductor Corp Given Consensus Rating of “Buy” by Analysts (NASDAQ:ONNN)
Shares of ON Semiconductor Corp (NASDAQ:ONNN) have been given a consensus rating of “Buy” by the seventeen brokerages that are presently covering the stock, Stock Ratings News reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $10.86.
ONNN has been the subject of a number of recent research reports. 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) opened at 9.66 on Monday. 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 $8.99 and its 200-day moving average is $9.14. The company has a market cap of $4.261 billion and a price-to-earnings ratio of 19.10.
ON Semiconductor Corp (NASDAQ:ONNN) last announced its earnings results on Thursday, July 31st. The company reported $0.20 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.13 earnings per share. ON Semiconductor Corp’s revenue was up 10.1% compared to the same quarter last year. Analysts expect that ON Semiconductor Corp will post $0.81 EPS 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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