ON Semiconductor (NASDAQ:ON)‘s stock had its “buy” rating reiterated by Mizuho in a note issued to investors on Friday, MarketBeat.com reports. They presently have a $26.00 price objective on the semiconductor company’s stock, up from their previous price objective of $24.00. Mizuho’s price objective would suggest a potential upside of 10.31% from the company’s previous close.

A number of other equities research analysts also recently commented on the company. Credit Suisse Group lifted their price objective on ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a research report on Tuesday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of ON Semiconductor in a research report on Tuesday, December 19th. ValuEngine downgraded ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Jefferies Group lifted their price objective on ON Semiconductor from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Tuesday, November 7th. Finally, Vetr downgraded ON Semiconductor from a “strong-buy” rating to a “buy” rating and set a $25.52 price objective for the company. in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.26.

Shares of ON Semiconductor (NASDAQ:ON) traded up $0.49 during mid-day trading on Friday, reaching $23.57. The company had a trading volume of 5,906,300 shares, compared to its average volume of 5,842,133. The firm has a market capitalization of $10,060.00, a PE ratio of 25.62, a PEG ratio of 0.77 and a beta of 2.02. ON Semiconductor has a 52-week low of $13.02 and a 52-week high of $23.66. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.10). ON Semiconductor had a return on equity of 22.97% and a net margin of 7.22%. sell-side analysts anticipate that ON Semiconductor will post 1.43 EPS for the current year.

In related news, EVP George H. Cave sold 3,000 shares of the business’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $22.85, for a total value of $68,550.00. Following the transaction, the executive vice president now owns 394,570 shares in the company, valued at $9,015,924.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO William A. Schromm sold 54,366 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $21.18, for a total value of $1,151,471.88. Following the completion of the transaction, the chief operating officer now owns 666,815 shares in the company, valued at approximately $14,123,141.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 174,291 shares of company stock worth $3,720,378. 1.40% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew its holdings in shares of ON Semiconductor by 58.7% during the second quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock valued at $562,753,000 after purchasing an additional 14,818,360 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of ON Semiconductor by 5.0% during the second quarter. Vanguard Group Inc. now owns 34,915,253 shares of the semiconductor company’s stock valued at $490,210,000 after purchasing an additional 1,652,005 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of ON Semiconductor by 6.0% during the third quarter. Janus Henderson Group PLC now owns 34,605,410 shares of the semiconductor company’s stock valued at $639,162,000 after purchasing an additional 1,949,089 shares during the last quarter. Capital International Investors grew its holdings in shares of ON Semiconductor by 1.9% during the third quarter. Capital International Investors now owns 24,062,785 shares of the semiconductor company’s stock valued at $444,440,000 after purchasing an additional 439,448 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in shares of ON Semiconductor by 16.8% during the third quarter. Pictet Asset Management Ltd. now owns 8,576,929 shares of the semiconductor company’s stock valued at $158,416,000 after purchasing an additional 1,234,603 shares during the last quarter. Hedge funds and other institutional investors own 99.75% of the company’s stock.

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About ON Semiconductor

ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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