ON Semiconductor (ON) Downgraded by Vetr to Hold

ON Semiconductor (NASDAQ:ON) was downgraded by equities researchers at Vetr from a “buy” rating to a “hold” rating in a report released on Friday. They currently have a $25.52 price target on the semiconductor company’s stock. Vetr‘s price target indicates a potential upside of 1.92% from the company’s previous close.

Several other research firms have also recently issued reports on ON. Credit Suisse Group raised their price target on ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a report on Tuesday, November 7th. Zacks Investment Research cut ON Semiconductor from a “buy” rating to a “hold” rating in a report on Friday, November 10th. ValuEngine upgraded ON Semiconductor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Mizuho reiterated a “buy” rating and issued a $26.00 price target (up previously from $24.00) on shares of ON Semiconductor in a report on Friday, January 12th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $25.00 price target on shares of ON Semiconductor in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. ON Semiconductor currently has an average rating of “Buy” and an average target price of $22.26.

Shares of ON Semiconductor (NASDAQ:ON) traded up $0.30 during trading hours on Friday, hitting $25.04. The stock had a trading volume of 6,543,511 shares, compared to its average volume of 5,570,000. ON Semiconductor has a 52 week low of $13.06 and a 52 week high of $25.17. The firm has a market capitalization of $10,620.00, a price-to-earnings ratio of 27.22, a PEG ratio of 0.82 and a beta of 2.02. 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 announced its earnings results on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.10). ON Semiconductor had a net margin of 7.22% and a return on equity of 22.97%. analysts predict that ON Semiconductor will post 1.43 EPS for the current fiscal year.

In other news, Director Daryl Ostrander sold 1,398 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $19.10, for a total transaction of $26,701.80. Following the sale, the director now owns 64,060 shares of the company’s stock, valued at $1,223,546. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP William Hall sold 22,583 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $23.86, for a total value of $538,830.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 196,874 shares of company stock worth $4,259,209. Company insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its position in ON Semiconductor by 13.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 960 shares during the last quarter. BB&T Securities LLC acquired a new stake in ON Semiconductor in the 3rd quarter valued at approximately $187,000. Cambridge Investment Research Advisors Inc. acquired a new stake in ON Semiconductor in the 3rd quarter valued at approximately $200,000. Oppenheimer & Co. Inc. acquired a new stake in ON Semiconductor in the 3rd quarter valued at approximately $231,000. Finally, Moors & Cabot Inc. acquired a new stake in ON Semiconductor in the 3rd quarter valued at approximately $233,000. 99.75% of the stock is currently owned by institutional investors.

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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.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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