ON Semiconductor Corp. (NASDAQ:ON) had its price target increased by Robert W. Baird from $15.00 to $16.00 in a report released on Tuesday. The brokerage currently has a “buy” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 38.89% from the stock’s current price.

Several other equities research analysts have also commented on ON. Credit Agricole SA began coverage on shares of ON Semiconductor Corp. in a research note on Tuesday, May 24th. They issued an “outperform” rating and a $11.00 price target on the stock. Stifel Nicolaus restated a “buy” rating and issued a $11.00 price target on shares of ON Semiconductor Corp. in a research note on Tuesday, May 31st. Stephens began coverage on shares of ON Semiconductor Corp. in a research note on Thursday, June 2nd. They issued an “equal weight” rating and a $11.00 price target on the stock. Wedbush restated an “outperform” rating and issued a $13.00 price target (up previously from $12.00) on shares of ON Semiconductor Corp. in a research note on Friday, June 3rd. Finally, Pacific Crest upgraded shares of ON Semiconductor Corp. from a “sector weight” rating to an “overweight” rating and set a $13.00 price target on the stock in a research note on Monday, June 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $13.18.

ON Semiconductor Corp. (NASDAQ:ON) traded up 2.26% during midday trading on Tuesday, reaching $11.78. The company had a trading volume of 3,562,813 shares. ON Semiconductor Corp. has a 52-week low of $6.97 and a 52-week high of $12.00. The company’s 50 day moving average is $10.50 and its 200-day moving average is $9.71. The company has a market capitalization of $4.90 billion, a P/E ratio of 30.21 and a beta of 1.64.

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ON Semiconductor Corp. (NASDAQ:ON) last issued its earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. ON Semiconductor Corp. had a net margin of 4.70% and a return on equity of 20.14%. The firm had revenue of $877.80 million for the quarter, compared to analysts’ expectations of $854.55 million. During the same quarter last year, the company posted $0.22 earnings per share. ON Semiconductor Corp.’s revenue was down .3% on a year-over-year basis. Equities analysts expect that ON Semiconductor Corp. will post $0.84 earnings per share for the current fiscal year.

In other ON Semiconductor Corp. news, VP Paul E. Rolls sold 15,000 shares of ON Semiconductor Corp. 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 document filed with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the stock. Acrospire Investment Management LLC raised 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. raised its stake in ON Semiconductor Corp. by 14.3% in the second quarter. American International Group Inc. now owns 13,435 shares of the company’s stock valued at $118,000 after buying an additional 1,682 shares during the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in 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 valued at $129,000 after buying an additional 356 shares during the last quarter. YHB Investment Advisors Inc. acquired a new stake in ON Semiconductor Corp. during the second quarter valued at about $133,000. Finally, TradeLink Capital LLC acquired a new stake in ON Semiconductor Corp. during the second quarter valued at about $138,000. 94.71% of the stock is owned by institutional investors.

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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