ON Semiconductor Corp. (ON) Stock Rating Reaffirmed by JPMorgan Chase & Co.
ON Semiconductor Corp. (NASDAQ:ON)‘s stock had its “hold” rating reissued by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Tuesday. They currently have a $13.50 target price on the stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 16.58% from the company’s previous close.
ON has been the subject of a number of other reports. Stephens assumed coverage on shares of ON Semiconductor Corp. in a research report on Thursday, June 2nd. They set an “equal weight” rating and a $11.00 price target for the company. B. Riley reissued a “buy” rating and set a $15.00 price target on shares of ON Semiconductor Corp. in a research report on Sunday, August 14th. Zacks Investment Research raised shares of ON Semiconductor Corp. from a “hold” rating to a “buy” rating and set a $10.00 price target for the company in a research report on Tuesday, July 12th. Longbow Research raised shares of ON Semiconductor Corp. from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Wednesday, August 24th. Finally, Jefferies Group raised their price target on shares of ON Semiconductor Corp. from $10.00 to $10.50 and gave the stock a “hold” rating in a research report on Tuesday, August 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $13.41.
ON Semiconductor Corp. (NASDAQ:ON) traded up 0.52% during trading on Tuesday, reaching $11.58. 9,069,871 shares of the company’s stock traded hands. ON Semiconductor Corp. has a one year low of $6.97 and a one year high of $12.00. The firm has a market capitalization of $4.81 billion, a PE ratio of 29.69 and a beta of 1.64. The company 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 quarterly earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company earned $877.80 million during the quarter, compared to analyst estimates of $854.55 million. During the same period last year, the firm posted $0.22 EPS. ON Semiconductor Corp.’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 ON Semiconductor Corp. news, VP Paul E. Rolls sold 15,000 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $11.25, for a total value of $168,750.00. Following the transaction, the vice president now 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 at this link. 1.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ifrah Financial Services Inc. boosted its position in ON Semiconductor Corp. by 1.2% in the second quarter. Ifrah Financial Services Inc. now owns 20,919 shares of the company’s stock worth $185,000 after buying an additional 257 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position 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 worth $129,000 after buying an additional 356 shares during the last quarter. Amalgamated Bank boosted its position in ON Semiconductor Corp. by 1.4% in the second quarter. Amalgamated Bank now owns 51,432 shares of the company’s stock worth $528,000 after buying an additional 719 shares during the last quarter. Globeflex Capital L P boosted its position in ON Semiconductor Corp. by 0.6% in the second quarter. Globeflex Capital L P now owns 159,730 shares of the company’s stock worth $1,409,000 after buying an additional 900 shares during the last quarter. Finally, Public Employees Retirement System of Ohio boosted its position in ON Semiconductor Corp. by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 188,747 shares of the company’s stock worth $1,665,000 after buying an additional 906 shares during the last quarter. 94.71% of the stock is currently owned by 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.
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