ON Semiconductor Corp. (NASDAQ:ON) had its price target upped by research analysts at Credit Agricole SA from $12.00 to $13.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “market perform” rating on the stock. Credit Agricole SA’s price objective points to a potential upside of 12.85% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the company. B. Riley restated a “buy” rating and issued a $15.00 price target on shares of ON Semiconductor Corp. in a research report on Tuesday, August 9th. Deutsche Bank AG began coverage on ON Semiconductor Corp. in a research report on Tuesday. They issued a “buy” rating on the stock. Susquehanna began coverage on ON Semiconductor Corp. in a research report on Tuesday. They issued a “positive” rating on the stock. Credit Suisse Group AG restated a “buy” rating and issued a $15.00 price target on shares of ON Semiconductor Corp. in a research report on Tuesday. Finally, Jefferies Group boosted their price target on ON Semiconductor Corp. from $10.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $12.84.

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

ON Semiconductor Corp. (NASDAQ:ON) opened at 11.52 on Tuesday. ON Semiconductor Corp. has a 52-week low of $6.97 and a 52-week high of $11.74. The stock has a market cap of $4.79 billion, a P/E ratio of 29.54 and a beta of 1.64. The stock has a 50 day moving average price of $10.50 and a 200 day moving average price of $9.71.

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ON Semiconductor Corp. (NASDAQ:ON) last posted its earnings results on Monday, August 8th. The company reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ 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 business earned $877.80 million during the quarter, compared to the consensus estimate of $854.55 million. During the same period in the previous year, the business earned $0.22 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. On average, equities research analysts forecast that ON Semiconductor Corp. will post $0.84 EPS for the current year.

In other ON Semiconductor Corp. news, VP Paul E. Rolls sold 15,000 shares of the stock in a transaction on Friday, August 26th. The stock was sold at an average price of $11.25, for a total transaction of $168,750.00. Following the transaction, 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 filing with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of ON Semiconductor Corp. by 1.9% in the first quarter. State Street Corp now owns 6,038,290 shares of the company’s stock valued at $57,913,000 after buying an additional 110,395 shares during the period. Canada Pension Plan Investment Board raised its position in shares of ON Semiconductor Corp. by 15.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,156,300 shares of the company’s stock valued at $11,089,000 after buying an additional 159,000 shares during the period. Spark Investment Management LLC raised its position in shares of ON Semiconductor Corp. by 153.2% in the first quarter. Spark Investment Management LLC now owns 981,800 shares of the company’s stock valued at $9,415,000 after buying an additional 594,000 shares during the period. Menta Capital LLC raised its position in shares of ON Semiconductor Corp. by 338.7% in the first quarter. Menta Capital LLC now owns 108,800 shares of the company’s stock valued at $1,043,000 after buying an additional 84,000 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of ON Semiconductor Corp. by 1,713.4% in the first quarter. Prudential Financial Inc. now owns 1,426,694 shares of the company’s stock valued at $13,682,000 after buying an additional 1,348,020 shares during the period. 94.71% of the stock is currently owned by institutional investors and hedge funds.

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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