ON Semiconductor Corp (NASDAQ:ON) gapped down prior to trading on Friday . The stock had previously closed at $18.97, but opened at $18.56. ON Semiconductor shares last traded at $17.64, with a volume of 5,641,555 shares changing hands.

ON has been the topic of a number of research analyst reports. Raymond James raised ON Semiconductor from a “market perform” rating to a “strong-buy” rating and set a $21.00 target price on the stock in a research report on Monday. B. Riley reissued a “buy” rating on shares of ON Semiconductor in a research report on Monday, August 5th. Mizuho reissued a “buy” rating and issued a $26.00 target price on shares of ON Semiconductor in a research report on Monday, August 5th. BidaskClub lowered ON Semiconductor from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group raised ON Semiconductor from a “hold” rating to a “buy” rating and boosted their target price for the company from $26.00 to $29.00 in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $24.10.

The company’s 50 day simple moving average is $19.49 and its 200 day simple moving average is $20.70. The firm has a market cap of $7.62 billion, a price-to-earnings ratio of 9.00, a P/E/G ratio of 1.73 and a beta of 2.16. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.42 and a quick ratio of 1.41.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Sunday, August 4th. The semiconductor company reported $0.42 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.42. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. ON Semiconductor had a net margin of 9.49% and a return on equity of 25.36%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.46 earnings per share. As a group, analysts forecast that ON Semiconductor Corp will post 1.58 earnings per share for the current year.

In other ON Semiconductor news, Director Gilles Delfassy sold 3,731 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $18.96, for a total value of $70,739.76. Following the completion of the transaction, the director now owns 49,208 shares in the company, valued at $932,983.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Emmanuel T. Hernandez sold 30,000 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $22.00, for a total transaction of $660,000.00. Following the completion of the transaction, the director now owns 100,994 shares of the company’s stock, valued at approximately $2,221,868. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,198 shares of company stock valued at $1,042,444. Insiders own 1.40% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Janus Henderson Group PLC grew its stake in shares of ON Semiconductor by 19.4% during the second quarter. Janus Henderson Group PLC now owns 36,912,800 shares of the semiconductor company’s stock worth $746,008,000 after purchasing an additional 6,008,620 shares in the last quarter. LSV Asset Management grew its stake in shares of ON Semiconductor by 5.7% during the second quarter. LSV Asset Management now owns 10,028,421 shares of the semiconductor company’s stock worth $202,674,000 after purchasing an additional 537,400 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of ON Semiconductor by 12.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,780,073 shares of the semiconductor company’s stock worth $128,449,000 after purchasing an additional 881,265 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of ON Semiconductor by 185.3% during the second quarter. Point72 Asset Management L.P. now owns 5,706,798 shares of the semiconductor company’s stock worth $115,334,000 after purchasing an additional 3,706,611 shares in the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of ON Semiconductor by 9.4% during the second quarter. Schroder Investment Management Group now owns 4,288,954 shares of the semiconductor company’s stock worth $86,680,000 after purchasing an additional 368,151 shares in the last quarter. Institutional investors and hedge funds own 98.13% of the company’s stock.

ON Semiconductor Company Profile (NASDAQ:ON)

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

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