Vetr lowered shares of ON Semiconductor Corp. (NASDAQ:ON) from a buy rating to a hold rating in a research note released on Monday. Vetr currently has $11.91 price objective on the stock.

Other analysts have also issued research reports about the stock. B. Riley reaffirmed a buy rating and issued a $15.00 price objective on shares of ON Semiconductor Corp. in a research report on Tuesday, August 9th. Stephens raised shares of ON Semiconductor Corp. from an equal weight rating to an overweight rating in a research report on Monday. Credit Suisse Group AG reissued a buy rating and issued a $13.00 price target on shares of ON Semiconductor Corp. in a research report on Tuesday, August 9th. Jefferies Group boosted their price target on shares of ON Semiconductor Corp. from $10.00 to $10.50 and gave the company a hold rating in a research report on Tuesday, August 9th. Finally, Citigroup Inc. reissued a buy rating and issued a $12.00 price target on shares of ON Semiconductor Corp. in a research report on Friday, June 17th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $13.54.

Analyst Recommendations for ON Semiconductor Corp. (NASDAQ:ON)

Shares of ON Semiconductor Corp. (NASDAQ:ON) opened at 12.22 on Monday. The company’s 50 day moving average is $11.04 and its 200 day moving average is $9.92. ON Semiconductor Corp. has a 52-week low of $6.97 and a 52-week high of $12.69. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 31.33 and a beta of 1.75.

ON Semiconductor Corp. (NASDAQ:ON) last released its quarterly earnings results on Monday, August 8th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. ON Semiconductor Corp. had a net margin of 4.70% and a return on equity of 20.14%. The company had revenue of $877.80 million for the quarter, compared to analyst estimates of $854.55 million. During the same period last year, the firm earned $0.22 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. Analysts anticipate that ON Semiconductor Corp. will post $0.85 earnings per share for the current year.

In other ON Semiconductor Corp. news, VP Paul E. Rolls sold 5,246 shares of the company’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $12.00, for a total value of $62,952.00. Following the completion of the transaction, the vice president now directly owns 267,202 shares in the company, valued at approximately $3,206,424. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul E. Rolls sold 15,000 shares of the company’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $11.25, for a total transaction of $168,750.00. Following the completion of the transaction, the vice president now owns 277,202 shares of the company’s stock, valued at $3,118,522.50. The disclosure for this sale can be found here. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new position in shares of ON Semiconductor Corp. during the fourth quarter valued at approximately $39,331,000. Aperio Group LLC raised its position in shares of ON Semiconductor Corp. by 39.5% in the first quarter. Aperio Group LLC now owns 51,425 shares of the company’s stock valued at $493,000 after buying an additional 14,561 shares during the period. Virginia Retirement System bought a new position in shares of ON Semiconductor Corp. during the first quarter valued at approximately $1,641,000. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of ON Semiconductor Corp. by 0.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 295,249 shares of the company’s stock valued at $2,831,000 after buying an additional 2,350 shares during the period. Finally, Ngam Advisors L.P. raised its position in shares of ON Semiconductor Corp. by 5.4% in the first quarter. Ngam Advisors L.P. now owns 314,805 shares of the company’s stock valued at $3,019,000 after buying an additional 15,992 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

About ON Semiconductor Corp.

ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal integrated circuits (ICs), standard products, image sensors and custom devices for customers to solve their design challenges in advanced electronic systems and products. The Company operates through four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.

5 Day Chart for NASDAQ:ON

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