ON Semiconductor Corp. (NASDAQ:ON) was downgraded by stock analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Tuesday. They presently have a $12.07 target price on the stock. Vetr‘s price objective suggests a potential upside of 3.43% from the company’s current price.

ON has been the subject of a number of other research reports. B. Riley reissued a “buy” rating and issued a $15.00 target price on shares of ON Semiconductor Corp. in a report on Sunday, August 14th. Zacks Investment Research upgraded shares of ON Semiconductor Corp. from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a report on Tuesday, July 12th. Longbow Research upgraded shares of ON Semiconductor Corp. from a “neutral” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Wednesday, August 24th. Jefferies Group raised their price objective on shares of ON Semiconductor Corp. from $10.00 to $10.50 and gave the company a “hold” rating in a report on Tuesday, August 9th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price objective on shares of ON Semiconductor Corp. in a report on Monday, August 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the stock. ON Semiconductor Corp. presently has an average rating of “Buy” and a consensus target price of $13.68.

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

Shares of ON Semiconductor Corp. (NASDAQ:ON) traded up 1.39% on Tuesday, reaching $11.67. 4,479,111 shares of the company were exchanged. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 29.92 and a beta of 1.75. ON Semiconductor Corp. has a 12 month low of $6.97 and a 12 month high of $12.69. The company’s 50-day moving average price is $11.47 and its 200 day moving average price is $10.11.

ON Semiconductor Corp. (NASDAQ:ON) last posted its quarterly earnings data 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. ON Semiconductor Corp. had a net margin of 4.70% and a return on equity of 20.14%. The business earned $877.80 million during the quarter, compared to analysts’ expectations of $854.55 million. During the same quarter in the prior year, the business posted $0.22 earnings per share. ON Semiconductor Corp.’s revenue was down .3% compared to the same quarter last year. On average, equities research analysts expect that ON Semiconductor Corp. will post $0.85 EPS for the current year.

In other news, VP Paul E. Rolls sold 3,507 shares of ON Semiconductor Corp. stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $12.50, for a total transaction of $43,837.50. Following the sale, the vice president now directly owns 265,345 shares in the company, valued at approximately $3,316,812.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Paul E. Rolls sold 5,246 shares of ON Semiconductor Corp. stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $12.00, for a total value of $62,952.00. Following the sale, the vice president now owns 267,202 shares in the company, valued at $3,206,424. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Aperio Group LLC boosted its stake in ON Semiconductor Corp. by 39.5% in the first quarter. Aperio Group LLC now owns 51,425 shares of the company’s stock worth $493,000 after buying an additional 14,561 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of ON Semiconductor Corp. by 1,713.4% in the first quarter. Prudential Financial Inc. now owns 1,426,694 shares of the company’s stock valued at $13,682,000 after buying an additional 1,348,020 shares during the period. Menta Capital LLC raised its stake in shares of ON Semiconductor Corp. by 338.7% in the first quarter. Menta Capital LLC now owns 108,800 shares of the company’s stock valued at $1,043,000 after buying an additional 84,000 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of ON Semiconductor Corp. by 15.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,156,300 shares of the company’s stock valued at $11,089,000 after buying an additional 159,000 shares during the period. Finally, State Street Corp raised its stake in shares of ON Semiconductor Corp. by 1.9% in the first quarter. State Street Corp now owns 6,038,290 shares of the company’s stock valued at $57,913,000 after buying an additional 110,395 shares during the period. Institutional investors own 94.70% 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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