Weekly Investment Analysts’ Ratings Updates for ON Semiconductor (ON)

A number of firms have modified their ratings and price targets on shares of ON Semiconductor (NASDAQ: ON) recently:

  • 2/9/2018 – ON Semiconductor was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/6/2018 – ON Semiconductor had its price target raised by analysts at MKM Partners to $28.00. They now have a “buy” rating on the stock.
  • 2/6/2018 – ON Semiconductor was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. They now have a $25.00 price target on the stock. According to Zacks, “ON Semi reported stellar fourth quarter results. Both earnings and revenues increased on a year-over-year basis. Management is particularly positive about the strong operating model followed by the company. The addition of Fairchild’s offerings has expanded the company’s product portfolio. The company is benefiting from strong adoption of its products in the automotive, industrial and communications end-markets. Also, synergies from acquisitions have given the company exposure to new end markets along with higher margin capabilities. Despite stellar results, investors remain disappointed by the company’s guidance. Revenues from Consumer and Communications end markets are expected to go down sequentially due to seasonality. The company faces significant competition in all of the served markets. Additionally, leveraged balance sheet remains a concern.”
  • 2/6/2018 – ON Semiconductor had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $26.00 price target on the stock.
  • 2/6/2018 – ON Semiconductor had its price target raised by analysts at Credit Suisse Group AG from $17.00 to $20.00. They now have an “underperform” rating on the stock.
  • 2/6/2018 – ON Semiconductor had its price target raised by analysts at Robert W. Baird from $25.00 to $26.00. They now have an “outperform” rating on the stock.
  • 2/6/2018 – ON Semiconductor had its price target raised by analysts at Citigroup Inc from $24.00 to $28.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – ON Semiconductor had its price target raised by analysts at Craig Hallum from $26.00 to $28.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – ON Semiconductor had its price target raised by analysts at B. Riley from $25.00 to $29.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – ON Semiconductor had its price target raised by analysts at Mizuho from $26.00 to $27.00. They now have a “buy” rating on the stock.
  • 2/5/2018 – ON Semiconductor was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $26.75 price target on the stock.
  • 2/2/2018 – ON Semiconductor was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/29/2018 – ON Semiconductor was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $26.75 price target on the stock.
  • 1/26/2018 – ON Semiconductor was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 1/24/2018 – ON Semiconductor was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “ON Semi is an OEM of a broad range of discrete and embedded semiconductor components. The company has a significant debt burden. A high debt position increases the risk profile of the business. The company faces significant competition in all of the served markets. The automotive market in Japan is particularly competitive, where the company has to get designed in at an early stage. Further, revenues from industrial, computing, consumer and communications end markets are expected to go down in the near term due to seasonality. However, management is particularly positive about the strong operating model followed by the company. The addition of Fairchild’s offerings has expanded the company’s product portfolio. Also, the synergies from acquisitions have given the company exposure to new end markets along with higher margin capabilities. Moreover, decreasing oil prices and attractive product offerings are further aiding revenues.”
  • 1/22/2018 – ON Semiconductor was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating. They now have a $26.75 price target on the stock.
  • 1/19/2018 – ON Semiconductor was downgraded by analysts at Vetr from a “buy” rating to a “hold” rating. They now have a $25.52 price target on the stock.
  • 1/12/2018 – ON Semiconductor had its “buy” rating reaffirmed by analysts at Mizuho. They now have a $26.00 price target on the stock, up previously from $24.00.
  • 1/10/2018 – ON Semiconductor was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $25.52 price target on the stock.
  • 1/5/2018 – ON Semiconductor was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 12/31/2017 – ON Semiconductor was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 12/19/2017 – ON Semiconductor had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $25.00 price target on the stock.
  • 12/18/2017 – ON Semiconductor is now covered by analysts at Piper Jaffray Companies. They set a “neutral” rating and a $21.00 price target on the stock.

Shares of ON Semiconductor Corp (NASDAQ:ON) traded up $0.19 during midday trading on Monday, hitting $21.34. 7,607,474 shares of the stock traded hands, compared to its average volume of 8,180,000. ON Semiconductor Corp has a one year low of $13.65 and a one year high of $25.60. The stock has a market cap of $9,050.00, a PE ratio of 11.35, a PEG ratio of 1.00 and a beta of 2.08. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. ON Semiconductor had a net margin of 14.63% and a return on equity of 23.64%. The company had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the previous year, the company earned $0.29 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. sell-side analysts forecast that ON Semiconductor Corp will post 1.73 earnings per share for the current fiscal year.

In related news, Director Daryl Ostrander sold 1,398 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP George H. Cave sold 3,000 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $22.85, for a total transaction of $68,550.00. Following the sale, the executive vice president now directly owns 394,570 shares of the company’s stock, valued at $9,015,924.50. The disclosure for this sale can be found here. Insiders have sold a total of 98,246 shares of company stock valued at $2,140,940 over the last three months. Corporate insiders own 1.40% of the company’s stock.

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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