ON Semiconductor Corp. (ON) Earns Positive Rating from Analysts at Susquehanna
Stock analysts at Susquehanna assumed coverage on shares of ON Semiconductor Corp. (NASDAQ:ON) in a note issued to investors on Tuesday. The brokerage set a “positive” rating on the stock.
A number of other research firms have also commented on ON. Deutsche Bank AG assumed coverage on ON Semiconductor Corp. in a research report on Tuesday. They issued a “buy” rating on the stock. B. Riley reiterated a “buy” rating and issued a $16.00 price target on shares of ON Semiconductor Corp. in a research report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $14.00 target price on shares of ON Semiconductor Corp. in a research report on Friday. Longbow Research upgraded ON Semiconductor Corp. from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Wednesday, August 24th. Finally, Mizuho restated an “outperform” rating and set a $16.00 target price on shares of ON Semiconductor Corp. in a research report on Friday, September 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $12.55.
ON Semiconductor Corp. (NASDAQ:ON) opened at 11.52 on Tuesday. The company has a market capitalization of $4.79 billion, a P/E ratio of 29.54 and a beta of 1.64. The firm has a 50-day moving average price of $10.50 and a 200-day moving average price of $9.71. ON Semiconductor Corp. has a 1-year low of $6.97 and a 1-year high of $11.74.
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ON Semiconductor Corp. (NASDAQ:ON) last released its quarterly earnings results on Monday, August 8th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. ON Semiconductor Corp. had a return on equity of 20.14% and a net margin of 4.70%. The firm had revenue of $877.80 million for the quarter, compared to analyst estimates of $854.55 million. During the same quarter in the previous year, the company posted $0.22 EPS. The business’s revenue was down .3% on a year-over-year basis. On average, analysts forecast that ON Semiconductor Corp. will post $0.84 EPS for the current fiscal year.
In other news, VP Paul E. Rolls sold 15,000 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $11.25, for a total value of $168,750.00. Following the completion of the transaction, the vice president now directly owns 277,202 shares of the company’s stock, valued at $3,118,522.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Beacon Capital Management acquired a new stake in shares of ON Semiconductor Corp. during the fourth quarter worth about $0. Acrospire Investment Management LLC increased its stake in shares of ON Semiconductor Corp. by 36.0% in the second quarter. Acrospire Investment Management LLC now owns 11,700 shares of the company’s stock worth $103,000 after buying an additional 3,100 shares during the period. American International Group Inc. increased its stake in shares of ON Semiconductor Corp. by 14.3% in the second quarter. American International Group Inc. now owns 13,435 shares of the company’s stock worth $118,000 after buying an additional 1,682 shares during the period. Emerald Mutual Fund Advisers Trust increased its stake in shares of ON Semiconductor Corp. by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 14,642 shares of the company’s stock worth $129,000 after buying an additional 356 shares during the period. Finally, YHB Investment Advisors Inc. acquired a new stake in shares of ON Semiconductor Corp. during the second quarter worth about $133,000. Institutional investors own 94.71% of the company’s stock.
About ON Semiconductor Corp.
ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal integrated circuits (ICs), standard products, image sensors and custom devices for customers to solve their design challenges in advanced electronic systems and products. The Company operates through four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.
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