Pacific Crest reiterated their buy rating on shares of ON Semiconductor Corp. (NASDAQ:ON) in a report issued on Thursday. The brokerage currently has a $16.00 target price on the stock.

A number of other analysts have also recently issued reports on ON. B. Riley reissued a buy rating and set a $15.00 price objective on shares of ON Semiconductor Corp. in a research report on Sunday, August 14th. Zacks Investment Research upgraded ON Semiconductor Corp. from a hold rating to a buy rating and set a $10.00 target price on the stock in a report on Tuesday, July 12th. Jefferies Group raised their target price on ON Semiconductor Corp. from $10.50 to $13.00 and gave the company a hold rating in a report on Tuesday, September 20th. Mizuho restated a buy rating and set a $16.00 target price on shares of ON Semiconductor Corp. in a report on Tuesday, June 14th. Finally, Deutsche Bank AG initiated coverage on ON Semiconductor Corp. in a report on Tuesday, September 20th. They set a buy rating and a $15.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have issued a buy rating to the company’s stock. ON Semiconductor Corp. presently has a consensus rating of Buy and an average price target of $13.67.

Shares of ON Semiconductor Corp. (NASDAQ:ON) traded down 1.93% on Thursday, reaching $12.19. The company had a trading volume of 1,622,830 shares. The company has a 50-day moving average price of $11.21 and a 200-day moving average price of $9.98. The firm has a market capitalization of $5.07 billion, a PE ratio of 31.26 and a beta of 1.76. ON Semiconductor Corp. has a 52-week low of $6.97 and a 52-week high of $12.69.

ON Semiconductor Corp. (NASDAQ:ON) last released its quarterly earnings data on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The firm earned $877.80 million during 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% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. Equities research analysts forecast that ON Semiconductor Corp. will post $0.85 EPS for the current fiscal year.

In related news, VP Paul E. Rolls sold 3,507 shares of the business’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $12.50, for a total value of $43,837.50. Following the completion of the transaction, the vice president now owns 265,345 shares in the company, valued at approximately $3,316,812.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Paul E. Rolls sold 5,246 shares of the business’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $12.00, for a total transaction of $62,952.00. Following the completion of the transaction, the vice president now owns 267,202 shares of the company’s stock, valued at approximately $3,206,424. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its stake in shares of 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 during the last quarter. Acrospire Investment Management LLC boosted its stake in shares of ON Semiconductor Corp. by 36.0% in the second quarter. Acrospire Investment Management LLC now owns 11,700 shares of the company’s stock valued at $103,000 after buying an additional 3,100 shares during the last quarter. American International Group Inc. boosted its stake in shares of ON Semiconductor Corp. by 14.3% in the second quarter. American International Group Inc. now owns 13,435 shares of the company’s stock valued at $118,000 after buying an additional 1,682 shares during the last quarter. Boothbay Fund Management LLC boosted its stake in shares of ON Semiconductor Corp. by 19.8% in the first quarter. Boothbay Fund Management LLC now owns 14,630 shares of the company’s stock valued at $140,000 after buying an additional 2,420 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in shares of ON Semiconductor Corp. by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 14,642 shares of the company’s stock valued at $129,000 after buying an additional 356 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

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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