ON Semiconductor Corp. (NASDAQ:ON) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $12.48 price target on the stock. Vetr‘s price target would suggest a potential upside of 7.68% from the company’s current price.

Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded ON Semiconductor Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Needham & Company LLC restated a “buy” rating and issued a $14.00 price objective on shares of ON Semiconductor Corp. in a research report on Friday, September 16th. Stephens upgraded ON Semiconductor Corp. from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 3rd. Robert W. Baird upped their price objective on ON Semiconductor Corp. from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, September 20th. Finally, KeyCorp reiterated a “buy” rating and issued a $13.00 target price on shares of ON Semiconductor Corp. in a research note on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nineteen have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $13.69.

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

ON Semiconductor Corp. (NASDAQ:ON) opened at 11.59 on Thursday. ON Semiconductor Corp. has a 52 week low of $6.97 and a 52 week high of $12.69. The stock has a 50 day moving average price of $11.44 and a 200 day moving average price of $10.07. The stock has a market cap of $4.82 billion, a PE ratio of 29.72 and a beta of 1.76.

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

In other news, VP Paul E. Rolls sold 5,246 shares of the 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 sale, the vice president now directly owns 267,202 shares in the company, valued at approximately $3,206,424. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul E. Rolls sold 3,507 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $12.50, for a total value of $43,837.50. Following the sale, the vice president now owns 265,345 shares in the company, valued at $3,316,812.50. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in ON. 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 worth $103,000 after buying an additional 3,100 shares during the last quarter. 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 worth $103,000 after buying an additional 6,076 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 worth $118,000 after buying an additional 1,682 shares during the last quarter. 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 worth $129,000 after buying an additional 356 shares during the last quarter. Finally, YHB Investment Advisors Inc. bought a new stake in shares of ON Semiconductor Corp. during the second quarter worth $133,000. 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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