Shares of ON Semiconductor Corp (NASDAQ:ON) have earned an average recommendation of “Buy” from the twenty-three brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $22.28.
Several analysts have commented on the stock. Vetr lowered shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating and set a $25.52 price objective for the company. in a report on Wednesday, January 10th. Summit Redstone lowered shares of ON Semiconductor to a “hold” rating in a report on Monday, November 6th. Bank of America restated a “buy” rating on shares of ON Semiconductor in a report on Sunday, October 1st. Jefferies Group restated a “hold” rating and issued a $20.00 price objective on shares of ON Semiconductor in a report on Thursday, October 19th. Finally, B. Riley raised their price objective on shares of ON Semiconductor from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th.
In other ON Semiconductor news, EVP George H. Cave sold 3,000 shares of ON Semiconductor stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $22.85, for a total value of $68,550.00. Following the completion of the sale, the executive vice president now owns 394,570 shares of the company’s stock, valued at approximately $9,015,924.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Daryl Ostrander sold 1,398 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $19.10, for a total transaction of $26,701.80. Following the completion of the sale, the director now directly owns 64,060 shares of the company’s stock, valued at approximately $1,223,546. The disclosure for this sale can be found here. Insiders have sold 196,874 shares of company stock valued at $4,259,209 in the last three months. 1.60% of the stock is owned by insiders.
Shares of ON Semiconductor (NASDAQ ON) opened at $24.74 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97. The firm has a market cap of $10,490.00, a PE ratio of 26.89, a PEG ratio of 0.77 and a beta of 2.02. ON Semiconductor has a 1-year low of $13.02 and a 1-year high of $24.98.
ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Sunday, November 5th. The semiconductor company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ 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%. research analysts predict that ON Semiconductor will post 1.43 EPS for the current year.
ON Semiconductor Company Profile
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.
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