ON Semiconductor Co. (NASDAQ:ON) Receives $40.09 Consensus Target Price from Analysts

Shares of ON Semiconductor Co. (NASDAQ:ON) have been assigned a consensus rating of “Buy” from the twenty-nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $40.09.

ON has been the subject of a number of analyst reports. upped their price target on ON Semiconductor from $41.50 to $45.00 in a research report on Tuesday, May 4th. Susquehanna Bancshares upped their price target on ON Semiconductor from $46.00 to $48.00 and gave the stock a “positive” rating in a research report on Tuesday, June 15th. Morgan Stanley upped their price target on ON Semiconductor from $26.00 to $32.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 4th. Susquehanna upped their price target on ON Semiconductor from $46.00 to $48.00 and gave the stock a “positive” rating in a research report on Tuesday, June 15th. Finally, DA Davidson set a $3.75 price target on ON Semiconductor in a research report on Wednesday, May 5th.

In other news, EVP Vince Craig Hopkin sold 1,300 shares of ON Semiconductor stock in a transaction on Friday, June 11th. The stock was sold at an average price of $38.11, for a total value of $49,543.00. Following the transaction, the executive vice president now directly owns 131,114 shares in the company, valued at approximately $4,996,754.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Bernard Raymond Colpitts, Jr. sold 2,483 shares of ON Semiconductor stock in a transaction on Monday, June 21st. The shares were sold at an average price of $36.00, for a total value of $89,388.00. Following the completion of the transaction, the chief accounting officer now owns 19,890 shares in the company, valued at $716,040. The disclosure for this sale can be found here. Insiders have sold a total of 23,283 shares of company stock valued at $892,231 over the last three months. 1.42% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. IFM Investors Pty Ltd grew its stake in ON Semiconductor by 20.3% during the 2nd quarter. IFM Investors Pty Ltd now owns 53,939 shares of the semiconductor company’s stock worth $2,065,000 after buying an additional 9,102 shares during the last quarter. Pendal Group Limited acquired a new stake in ON Semiconductor during the 1st quarter worth about $787,000. Principal Financial Group Inc. lifted its position in ON Semiconductor by 15.3% during the 1st quarter. Principal Financial Group Inc. now owns 27,616 shares of the semiconductor company’s stock worth $1,149,000 after acquiring an additional 3,659 shares during the period. Gladstone Institutional Advisory LLC acquired a new stake in ON Semiconductor during the 1st quarter worth about $826,000. Finally, KCL Capital L.P. acquired a new stake in ON Semiconductor during the 1st quarter worth about $527,000. Hedge funds and other institutional investors own 93.46% of the company’s stock.

Shares of NASDAQ ON traded down $0.85 during trading on Friday, reaching $36.02. The company had a trading volume of 173,782 shares, compared to its average volume of 4,483,899. The stock has a market cap of $15.38 billion, a PE ratio of 46.67, a PEG ratio of 0.41 and a beta of 1.87. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.09 and a current ratio of 1.84. ON Semiconductor has a 12-month low of $19.75 and a 12-month high of $44.59. The business’s 50-day moving average is $37.74.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings results on Sunday, May 2nd. The semiconductor company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. ON Semiconductor had a return on equity of 13.23% and a net margin of 6.19%. The company’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.10 earnings per share. Research analysts forecast that ON Semiconductor will post 1.93 EPS for the current year.

ON Semiconductor Company Profile

ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.

See Also: Hold Rating

Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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