ON Semiconductor Corp. (NASDAQ:ON) had its price objective boosted by stock analysts at Jefferies Group from $10.50 to $13.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target indicates a potential upside of 12.26% from the company’s current price.

ON has been the topic of a number of other reports. Stephens assumed coverage on ON Semiconductor Corp. in a research note on Thursday, June 2nd. They set an “equal weight” rating and a $11.00 price target on the stock. B. Riley reissued a “buy” rating and issued a $15.00 price objective on shares of ON Semiconductor Corp. in a research note on Sunday, August 14th. Zacks Investment Research raised ON Semiconductor Corp. from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Tuesday, July 12th. Longbow Research raised ON Semiconductor Corp. from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a research note on Wednesday, August 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $14.00 price objective on shares of ON Semiconductor Corp. in a research note on Monday, August 8th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company’s stock. ON Semiconductor Corp. has a consensus rating of “Buy” and an average price target of $13.41.

Shares of ON Semiconductor Corp. (NASDAQ:ON) traded up 0.52% during trading on Tuesday, hitting $11.58. The stock had a trading volume of 9,069,871 shares. The stock has a 50 day moving average price of $10.50 and a 200-day moving average price of $9.71. The stock has a market capitalization of $4.81 billion, a price-to-earnings ratio of 29.69 and a beta of 1.64. ON Semiconductor Corp. has a one year low of $6.97 and a one year high of $12.00.

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

In related 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 value of $168,750.00. Following the sale, the vice president now owns 277,202 shares in the company, valued at $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 owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its stake in ON Semiconductor Corp. by 5.6% in the first quarter. Geode Capital Management LLC now owns 2,652,199 shares of the company’s stock worth $25,433,000 after buying an additional 139,951 shares during the last quarter. Nuveen Asset Management LLC increased its stake in ON Semiconductor Corp. by 343.8% in the first quarter. Nuveen Asset Management LLC now owns 784,062 shares of the company’s stock worth $7,519,000 after buying an additional 607,400 shares during the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in ON Semiconductor Corp. during the first quarter worth $20,484,000. Prudential Financial Inc. increased its stake in 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 worth $13,682,000 after buying an additional 1,348,020 shares during the last quarter. Finally, Robecosam AG increased its stake in ON Semiconductor Corp. by 36.8% in the first quarter. Robecosam AG now owns 959,500 shares of the company’s stock worth $9,317,000 after buying an additional 258,000 shares during the last quarter. Institutional investors and hedge funds 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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