ON Semiconductor Corp. (NASDAQ:ON) was upgraded by analysts at Morgan Stanley from an “underweight” rating to an “equal weight” rating in a report issued on Thursday. The firm presently has a $12.00 target price on the stock. Morgan Stanley’s target price indicates a potential upside of 1.87% from the stock’s previous close.

ON has been the subject of a number of other research reports. Needham & Company LLC restated a “buy” rating and set a $14.00 target price on shares of ON Semiconductor Corp. in a research note on Friday, September 16th. JPMorgan Chase & Co. restated a “hold” rating and set a $13.50 target price on shares of ON Semiconductor Corp. in a research note on Tuesday. Robert W. Baird raised 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. Stifel Nicolaus raised their target price on shares of ON Semiconductor Corp. from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Credit Suisse Group AG restated a “buy” rating and set a $15.00 target price on shares of ON Semiconductor Corp. in a research note on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the stock. ON Semiconductor Corp. presently has an average rating of “Buy” and a consensus price target of $13.52.

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

ON Semiconductor Corp. (NASDAQ:ON) opened at 11.78 on Thursday. The firm has a 50-day moving average of $10.61 and a 200-day moving average of $9.75. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 30.21 and a beta of 1.64. ON Semiconductor Corp. has a 52-week low of $6.97 and a 52-week high of $12.00.

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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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The company earned $877.80 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 EPS. On average, equities research analysts forecast that ON Semiconductor Corp. will post $0.85 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 that occurred 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 sale, the vice president now directly owns 277,202 shares of the company’s stock, valued at approximately $3,118,522.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of ON Semiconductor Corp. by 3.1% in the second quarter. Vanguard Group Inc. now owns 31,106,680 shares of the company’s stock valued at $274,361,000 after buying an additional 931,075 shares during the period. Janus Capital Management LLC raised its stake in shares of 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 valued at $238,479,000 after buying an additional 255,786 shares during the period. Capital International Investors raised its stake in shares of ON Semiconductor Corp. by 88.6% in the second quarter. Capital International Investors now owns 21,106,509 shares of the company’s stock valued at $186,159,000 after buying an additional 9,913,421 shares during the period. Boston Partners raised its stake in shares of ON Semiconductor Corp. by 1.7% in the second quarter. Boston Partners now owns 17,727,002 shares of the company’s stock valued at $156,352,000 after buying an additional 294,815 shares during the period. Finally, Pzena Investment Management LLC raised its stake in shares of 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 valued at $116,229,000 after buying an additional 147,821 shares during the period. 94.67% of the stock is currently 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.

5 Day Chart for NASDAQ:ON

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