ON Semiconductor Corp. (NASDAQ:ON) had its price target raised by Stifel Nicolaus from $13.00 to $15.00 in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 30.21% from the company’s current price.

Other analysts have also recently issued reports about the company. B. Riley reissued a “buy” rating and issued a $16.00 target price on shares of ON Semiconductor Corp. in a research note on Tuesday. Jefferies Group raised their target price on ON Semiconductor Corp. from $10.50 to $13.00 and gave the stock a “hold” rating in a research note on Tuesday. Zacks Investment Research raised ON Semiconductor Corp. from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research report on Tuesday, July 12th. Credit Agricole SA lifted their price objective on ON Semiconductor Corp. from $12.00 to $13.00 and gave the company a “market perform” rating in a research report on Tuesday. Finally, Deutsche Bank AG began coverage on ON Semiconductor Corp. in a research report on Tuesday. They set a “buy” rating and a $15.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $13.41.

Analyst Recommendations for ON Semiconductor Corp. (NASDAQ:ON)

Shares of ON Semiconductor Corp. (NASDAQ:ON) traded up 0.61% during mid-day trading on Tuesday, hitting $11.59. The stock had a trading volume of 7,570,093 shares. The stock’s 50-day moving average price is $10.50 and its 200-day moving average price is $9.71. The firm has a market cap of $4.82 billion, a PE ratio of 29.72 and a beta of 1.64. ON Semiconductor Corp. has a 52-week low of $6.97 and a 52-week high of $12.00.

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ON Semiconductor Corp. (NASDAQ:ON) last announced its quarterly earnings data on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 analysts’ expectations of $854.55 million. During the same period last year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts anticipate that ON Semiconductor Corp. will post $0.84 earnings per share for the current fiscal year.

In other news, VP Paul E. Rolls sold 15,000 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $11.25, for a total transaction of $168,750.00. Following the completion of the sale, the vice president now owns 277,202 shares of the company’s stock, valued at approximately $3,118,522.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the stock. 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 last quarter. 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 last quarter. Boothbay Fund Management LLC increased its stake in shares of ON Semiconductor Corp. by 19.8% in the first quarter. Boothbay Fund Management LLC now owns 14,630 shares of the company’s stock worth $140,000 after buying an additional 2,420 shares during the last quarter. 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 last quarter. Finally, BlueMountain Capital Management LLC increased its stake in shares of ON Semiconductor Corp. by 412.1% in the first quarter. BlueMountain Capital Management LLC now owns 14,963 shares of the company’s stock worth $143,000 after buying an additional 12,041 shares during the last quarter. 94.71% of the stock is owned by hedge funds and other institutional investors.

ON Semiconductor Corp. Company Profile

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.

5 Day Chart for NASDAQ:ON

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