BidaskClub upgraded shares of ON Semiconductor (NASDAQ:ON) from a strong sell rating to a sell rating in a report issued on Thursday, BidAskClub reports.

ON has been the subject of a number of other reports. Mizuho restated a buy rating and set a $26.00 price target on shares of ON Semiconductor in a report on Monday, August 5th. BNP Paribas initiated coverage on shares of ON Semiconductor in a research report on Friday, August 30th. They set an outperform rating for the company. Raymond James raised shares of ON Semiconductor from a market perform rating to a strong-buy rating and set a $21.00 price objective for the company in a research report on Monday, August 19th. Citigroup cut their price objective on shares of ON Semiconductor from $25.00 to $21.00 and set a buy rating for the company in a research report on Tuesday, August 6th. Finally, ValuEngine raised shares of ON Semiconductor from a sell rating to a hold rating in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. ON Semiconductor has an average rating of Buy and an average price target of $24.10.

NASDAQ:ON traded up $0.09 during trading hours on Thursday, reaching $20.12. The company’s stock had a trading volume of 9,651,095 shares, compared to its average volume of 4,827,742. The company has a market cap of $8.24 billion, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 1.85 and a beta of 2.19. ON Semiconductor has a one year low of $14.55 and a one year high of $23.54. The business’s 50-day moving average is $18.70 and its 200-day moving average is $20.28. 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 released its quarterly earnings results on Sunday, August 4th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.42. ON Semiconductor had a net margin of 9.49% and a return on equity of 25.36%. The company had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, sell-side analysts predict that ON Semiconductor will post 1.58 EPS for the current fiscal year.

In other news, Director Emmanuel T. Hernandez sold 30,000 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $22.00, for a total transaction of $660,000.00. Following the sale, the director now directly owns 100,994 shares of the company’s stock, valued at $2,221,868. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul E. Rolls sold 11,467 shares of the stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $22.00, for a total transaction of $252,274.00. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in ON. Stephens Inc. AR boosted its stake in ON Semiconductor by 11.2% in the second quarter. Stephens Inc. AR now owns 4,983 shares of the semiconductor company’s stock valued at $101,000 after acquiring an additional 503 shares during the last quarter. CFO4Life Group LLC boosted its stake in ON Semiconductor by 2.3% in the second quarter. CFO4Life Group LLC now owns 28,915 shares of the semiconductor company’s stock valued at $584,000 after acquiring an additional 659 shares during the last quarter. Berman Capital Advisors LLC boosted its stake in ON Semiconductor by 79.8% in the first quarter. Berman Capital Advisors LLC now owns 1,539 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 683 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in ON Semiconductor by 5.0% in the second quarter. First Republic Investment Management Inc. now owns 14,852 shares of the semiconductor company’s stock valued at $300,000 after acquiring an additional 712 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in ON Semiconductor by 6.7% in the second quarter. MML Investors Services LLC now owns 11,599 shares of the semiconductor company’s stock valued at $234,000 after acquiring an additional 724 shares during the last quarter. 96.97% of the stock is currently owned by institutional investors and hedge funds.

ON Semiconductor Company Profile

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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Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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