ON Semiconductor Corp. (NASDAQ:ON) has been given an average rating of “Buy” by the twenty-four research firms that are currently covering the firm. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and eighteen have given a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $14.07.

Several brokerages have recently weighed in on ON. B. Riley restated a “buy” rating and set a $15.00 target price on shares of ON Semiconductor Corp. in a report on Tuesday, August 9th. Pacific Crest reiterated a “buy” rating and issued a $16.00 price objective on shares of ON Semiconductor Corp. in a report on Thursday. Credit Suisse Group AG reiterated a “buy” rating and issued a $13.00 price objective on shares of ON Semiconductor Corp. in a report on Tuesday, August 9th. Jefferies Group upped their price objective on ON Semiconductor Corp. from $10.00 to $10.50 and gave the company a “hold” rating in a report on Tuesday, August 9th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $12.00 price objective on shares of ON Semiconductor Corp. in a report on Friday, June 17th.

In other ON Semiconductor Corp. news, VP Paul E. Rolls sold 15,000 shares of the company’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $11.25, for a total value of $168,750.00. Following the completion of the transaction, the vice president now owns 277,202 shares in the company, valued at $3,118,522.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Paul E. Rolls sold 3,507 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $12.50, for a total transaction of $43,837.50. Following the completion of the transaction, the vice president now owns 265,345 shares of the company’s stock, valued at approximately $3,316,812.50. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its position in ON Semiconductor Corp. by 269.6% in the third quarter. BNP Paribas Arbitrage SA now owns 8,330 shares of the company’s stock valued at $103,000 after buying an additional 6,076 shares in the last quarter. Macquarie Group Ltd. increased its position in ON Semiconductor Corp. by 3.3% in the second quarter. Macquarie Group Ltd. now owns 5,198,704 shares of the company’s stock valued at $45,853,000 after buying an additional 164,552 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in ON Semiconductor Corp. by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 188,747 shares of the company’s stock valued at $1,665,000 after buying an additional 906 shares in the last quarter. Calvert Investment Management Inc. increased its position in ON Semiconductor Corp. by 7.6% in the second quarter. Calvert Investment Management Inc. now owns 22,904 shares of the company’s stock valued at $202,000 after buying an additional 1,619 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in ON Semiconductor Corp. by 7.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,485,331 shares of the company’s stock valued at $21,921,000 after buying an additional 178,680 shares in the last quarter. Institutional investors own 94.67% of the company’s stock.

Shares of ON Semiconductor Corp. (NASDAQ:ON) traded down 0.927% during mid-day trading on Thursday, reaching $12.285. The company’s stock had a trading volume of 1,910,231 shares. ON Semiconductor Corp. has a one year low of $6.97 and a one year high of $12.69. The stock has a market cap of $5.11 billion, a P/E ratio of 31.500 and a beta of 1.76. The stock has a 50 day moving average of $11.15 and a 200-day moving average of $9.96.

ON Semiconductor Corp. (NASDAQ:ON) last issued its earnings results on Monday, August 8th. The company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The business had revenue of $877.80 million for the quarter, compared to analysts’ expectations of $854.55 million. ON Semiconductor Corp. had a return on equity of 20.14% and a net margin of 4.70%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. On average, equities research analysts expect that ON Semiconductor Corp. will post $0.85 EPS for the current fiscal year.

ON Semiconductor Corp. Company Profile

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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