Stifel Nicolaus Raises ON Semiconductor Corp. (ON) Price Target to $15.00
ON Semiconductor Corp. (NASDAQ:ON) had its target price increased by analysts at 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 target points to a potential upside of 30.21% from the stock’s previous close.
Several other research analysts have also weighed in on the stock. Robert W. Baird increased their target price on shares of ON Semiconductor Corp. from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $13.50 target price on shares of ON Semiconductor Corp. in a research note on Tuesday. Jefferies Group increased their target price on shares of ON Semiconductor Corp. from $10.50 to $13.00 and gave the stock a “hold” rating in a research note on Tuesday. Credit Agricole SA increased their target price on shares of ON Semiconductor Corp. from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Tuesday. Finally, Credit Suisse Group AG reaffirmed a “buy” rating and set a $15.00 target price on shares of ON Semiconductor Corp. in a research note on Tuesday. 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. ON Semiconductor Corp. currently has a consensus rating of “Buy” and a consensus target price of $13.41.
ON Semiconductor Corp. (NASDAQ:ON) traded up 0.564% on Tuesday, hitting $11.585. 7,567,753 shares of the company traded hands. The firm has a market capitalization of $4.81 billion, a P/E ratio of 29.705 and a beta of 1.64. The stock’s 50-day moving average is $10.50 and its 200 day moving average is $9.71. ON Semiconductor Corp. has a 12 month low of $6.97 and a 12 month high of $12.00.
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ON Semiconductor Corp. (NASDAQ:ON) last announced its earnings results on Monday, August 8th. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The company earned $877.80 million during the quarter, compared to analyst estimates of $854.55 million. ON Semiconductor Corp. had a net margin of 4.70% and a return on equity of 20.14%. ON Semiconductor Corp.’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.22 earnings per share. Equities analysts forecast that ON Semiconductor Corp. will post $0.84 EPS for the current fiscal year.
In related 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 value of $168,750.00. Following the transaction, the vice president now directly owns 277,202 shares in the company, valued at approximately $3,118,522.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in ON Semiconductor Corp. by 3.1% in the second quarter. Vanguard Group Inc. now owns 31,106,680 shares of the company’s stock worth $274,361,000 after buying an additional 931,075 shares during the period. Janus Capital Management LLC raised its position in ON Semiconductor Corp. by 1.0% in the second quarter. Janus Capital Management LLC now owns 27,038,362 shares of the company’s stock worth $238,479,000 after buying an additional 255,786 shares during the period. Capital International Investors raised its position in ON Semiconductor Corp. by 88.6% in the second quarter. Capital International Investors now owns 21,106,509 shares of the company’s stock worth $186,159,000 after buying an additional 9,913,421 shares during the period. Boston Partners raised its position in ON Semiconductor Corp. by 1.7% in the second quarter. Boston Partners now owns 17,727,002 shares of the company’s stock worth $156,352,000 after buying an additional 294,815 shares during the period. Finally, Pzena Investment Management LLC raised its position in ON Semiconductor Corp. by 1.1% in the second quarter. Pzena Investment Management LLC now owns 13,177,864 shares of the company’s stock worth $116,229,000 after buying an additional 147,821 shares during the period. Hedge funds and other institutional investors 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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