Brokerages Set ON Semiconductor Corp (NASDAQ:ON) Target Price at $73.30

ON Semiconductor Corp (NASDAQ:ONGet Rating) has been given an average rating of “Moderate Buy” by the twenty-nine ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $73.30.

ON has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised their price objective on shares of ON Semiconductor from $65.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, August 2nd. Susquehanna raised their price objective on shares of ON Semiconductor from $77.00 to $82.00 and gave the company a “positive” rating in a report on Tuesday, August 2nd. Bank of America dropped their target price on shares of ON Semiconductor from $80.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, June 29th. Stifel Nicolaus increased their target price on shares of ON Semiconductor from $60.00 to $68.00 and gave the company a “hold” rating in a research report on Monday, August 15th. Finally, Mizuho increased their target price on shares of ON Semiconductor from $72.00 to $79.00 and gave the company a “buy” rating in a research report on Monday, August 15th.

ON Semiconductor Price Performance

ON Semiconductor stock opened at $70.16 on Thursday. The firm has a market cap of $30.40 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 0.52 and a beta of 1.80. ON Semiconductor has a 52-week low of $41.88 and a 52-week high of $76.78. The company has a quick ratio of 1.88, a current ratio of 2.79 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $66.12 and its two-hundred day moving average is $59.74.

ON Semiconductor (NASDAQ:ONGet Rating) last announced its quarterly earnings data on Monday, August 1st. The semiconductor company reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. ON Semiconductor had a net margin of 22.60% and a return on equity of 41.43%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the business earned $0.63 EPS. The company’s revenue was up 24.9% on a year-over-year basis. On average, research analysts expect that ON Semiconductor will post 5.12 EPS for the current fiscal year.

Insider Activity at ON Semiconductor

In related news, EVP Simon Keeton sold 2,813 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $70.00, for a total value of $196,910.00. Following the completion of the sale, the executive vice president now owns 167,341 shares in the company, valued at $11,713,870. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Simon Keeton sold 2,813 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $70.00, for a total value of $196,910.00. Following the completion of the sale, the executive vice president now owns 167,341 shares in the company, valued at $11,713,870. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Hassane El-Khoury sold 20,000 shares of the firm’s stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $56.17, for a total transaction of $1,123,400.00. Following the completion of the sale, the chief executive officer now owns 261,162 shares of the company’s stock, valued at approximately $14,669,469.54. The disclosure for this sale can be found here. Insiders sold 27,363 shares of company stock worth $1,661,560 over the last 90 days. Company insiders own 0.40% of the company’s stock.

Hedge Funds Weigh In On ON Semiconductor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. S. R. Schill & Associates raised its position in ON Semiconductor by 3.4% during the second quarter. S. R. Schill & Associates now owns 4,905 shares of the semiconductor company’s stock worth $247,000 after acquiring an additional 163 shares during the last quarter. Brighton Jones LLC raised its position in ON Semiconductor by 1.5% during the second quarter. Brighton Jones LLC now owns 11,100 shares of the semiconductor company’s stock worth $558,000 after acquiring an additional 166 shares during the last quarter. NorthCrest Asset Manangement LLC raised its position in ON Semiconductor by 2.0% during the first quarter. NorthCrest Asset Manangement LLC now owns 10,300 shares of the semiconductor company’s stock worth $645,000 after acquiring an additional 200 shares during the last quarter. Geneos Wealth Management Inc. raised its position in ON Semiconductor by 28.4% during the second quarter. Geneos Wealth Management Inc. now owns 905 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 200 shares during the last quarter. Finally, Glassman Wealth Services raised its position in ON Semiconductor by 29.5% during the second quarter. Glassman Wealth Services now owns 949 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 216 shares during the last quarter. Institutional investors and hedge funds own 99.25% of the company’s stock.

About ON Semiconductor

(Get Rating)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

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Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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