ON Semiconductor (ON) Price Target Increased to $28.00 by Analysts at Craig Hallum

ON Semiconductor (NASDAQ:ON) had its price target lifted by Craig Hallum from $26.00 to $28.00 in a research report issued to clients and investors on Monday. The firm currently has a “buy” rating on the semiconductor company’s stock. Craig Hallum’s price target would suggest a potential upside of 22.54% from the stock’s previous close.

ON has been the topic of a number of other reports. Credit Suisse Group lifted their price target on ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a research note on Tuesday, November 7th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of ON Semiconductor in a research note on Tuesday, December 19th. Vetr raised ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 price target on the stock in a research note on Monday, January 22nd. ValuEngine lowered ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Jefferies Group lifted their price target on ON Semiconductor from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $22.70.

Shares of ON Semiconductor (ON) traded down $0.84 during mid-day trading on Monday, hitting $22.85. The stock had a trading volume of 7,568,467 shares, compared to its average volume of 7,637,138. ON Semiconductor has a 12-month low of $13.65 and a 12-month high of $25.60. The firm has a market capitalization of $10,048.40, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.78 and a beta of 2.08. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings results on Sunday, November 5th. The semiconductor company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.10). ON Semiconductor had a net margin of 14.63% and a return on equity of 23.64%. analysts forecast that ON Semiconductor will post 1.66 EPS for the current year.

In other ON Semiconductor news, EVP William Hall sold 22,583 shares of ON Semiconductor stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $23.86, for a total value of $538,830.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul E. Rolls sold 16,899 shares of ON Semiconductor stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $21.03, for a total value of $355,385.97. Following the completion of the sale, the vice president now owns 305,807 shares of the company’s stock, valued at $6,431,121.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 180,549 shares of company stock worth $3,928,954. 1.40% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. increased its holdings in ON Semiconductor by 144.3% in the fourth quarter. Meeder Asset Management Inc. now owns 68,604 shares of the semiconductor company’s stock worth $1,436,000 after purchasing an additional 40,524 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in ON Semiconductor by 3.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 85,392 shares of the semiconductor company’s stock worth $1,788,000 after purchasing an additional 2,658 shares in the last quarter. US Bancorp DE increased its holdings in ON Semiconductor by 3.0% in the fourth quarter. US Bancorp DE now owns 527,479 shares of the semiconductor company’s stock worth $11,045,000 after purchasing an additional 15,489 shares in the last quarter. Aperio Group LLC increased its holdings in ON Semiconductor by 24.9% in the fourth quarter. Aperio Group LLC now owns 67,744 shares of the semiconductor company’s stock worth $1,419,000 after purchasing an additional 13,515 shares in the last quarter. Finally, Comerica Bank increased its holdings in ON Semiconductor by 218.8% in the fourth quarter. Comerica Bank now owns 67,003 shares of the semiconductor company’s stock worth $1,647,000 after purchasing an additional 45,989 shares in the last quarter. Institutional investors and hedge funds own 99.86% of the company’s stock.

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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.

Analyst Recommendations for ON Semiconductor (NASDAQ:ON)