ON Semiconductor Corp (ON) Given Consensus Recommendation of “Buy” by Brokerages

ON Semiconductor Corp (NASDAQ:ON) has received an average rating of “Buy” from the twenty-three brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $23.99.

ON has been the subject of several recent analyst reports. Credit Suisse Group raised their target price on shares of ON Semiconductor from $14.50 to $17.00 and gave the stock an “underperform” rating in a report on Tuesday, November 7th. Zacks Investment Research cut shares of ON Semiconductor from a “buy” rating to a “hold” rating in a report on Friday, November 10th. ValuEngine upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Mizuho raised their target price on shares of ON Semiconductor from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Citigroup raised their target price on shares of ON Semiconductor from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday, February 6th.

In related news, Director Daryl Ostrander sold 1,398 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 64,060 shares of the company’s stock, valued at $1,223,546. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO William A. Schromm sold 54,366 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $21.18, for a total transaction of $1,151,471.88. Following the transaction, the chief operating officer now directly 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 ninety days, insiders have sold 98,246 shares of company stock worth $2,140,940. Insiders own 1.40% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ON. Harel Insurance Investments & Financial Services Ltd. bought a new position in ON Semiconductor during the fourth quarter worth $101,000. Fuller & Thaler Asset Management Inc. bought a new position in ON Semiconductor during the fourth quarter worth $174,000. American International Group Inc. bought a new position in ON Semiconductor during the fourth quarter worth $206,000. Prospera Financial Services Inc bought a new position in ON Semiconductor during the fourth quarter worth $224,000. Finally, Ifrah Financial Services Inc. bought a new position in ON Semiconductor during the fourth quarter worth $208,000. 99.81% of the stock is currently owned by institutional investors.

ON Semiconductor (NASDAQ:ON) opened at $21.34 on Tuesday. ON Semiconductor has a 12-month low of $13.65 and a 12-month high of $25.60. 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 $9,050.00, a PE ratio of 11.35, a PEG ratio of 1.00 and a beta of 2.08.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share 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 analyst estimates of $1.35 billion. During the same quarter last year, the firm posted $0.29 EPS. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. sell-side analysts expect that ON Semiconductor will post 1.73 earnings per share for the current year.

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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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