ON Semiconductor (NASDAQ:ON) Price Target Raised to $82.00

ON Semiconductor (NASDAQ:ON – Get Rating) had its target price increased by Susquehanna Bancshares from $77.00 to $82.00 in a report published on Tuesday morning, Stock Target Advisor reports. Susquehanna Bancshares currently has a positive rating on the semiconductor company’s stock.

ON has been the subject of a number of other research reports. Wells Fargo & Company upgraded shares of ON Semiconductor from an equal weight rating to an overweight rating and lifted their target price for the company from $58.00 to $65.00 in a research note on Wednesday, May 11th. B. Riley lifted their target price on shares of ON Semiconductor from $77.00 to $80.00 and gave the company a buy rating in a research note on Tuesday. Mizuho lifted their target price on shares of ON Semiconductor from $68.00 to $72.00 and gave the company a buy rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft cut their target price on shares of ON Semiconductor from $70.00 to $65.00 in a research note on Wednesday, July 20th. Finally, Needham & Company LLC cut their target price on shares of ON Semiconductor to $60.00 in a research note on Tuesday, July 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $72.23.

ON Semiconductor Stock Down 0.6 %

Shares of ON opened at $67.63 on Tuesday. The stock has a market cap of $29.30 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 0.52 and a beta of 1.82. The company has a quick ratio of 1.83, a current ratio of 2.79 and a debt-to-equity ratio of 0.56. ON Semiconductor has a 12 month low of $40.85 and a 12 month high of $71.25. The company has a 50-day moving average price of $57.43 and a two-hundred day moving average price of $57.60.

ON Semiconductor (NASDAQ:ON – Get Rating) last announced its quarterly earnings results on Monday, August 1st. The semiconductor company reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.08. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. ON Semiconductor had a net margin of 22.60% and a return on equity of 41.43%. The company’s revenue for the quarter was up 24.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 earnings per share. Equities analysts predict that ON Semiconductor will post 5.13 EPS for the current fiscal year.

Insider Activity

In other news, EVP Vince Craig Hopkin sold 6,296 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $52.10, for a total value of $328,021.60. Following the completion of the transaction, the executive vice president now owns 169,073 shares of the company’s stock, valued at approximately $8,808,703.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, EVP Vince Craig Hopkin sold 6,296 shares of the company’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $52.10, for a total value of $328,021.60. Following the completion of the transaction, the executive vice president now directly owns 169,073 shares of the company’s stock, valued at approximately $8,808,703.30. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Hassane El-Khoury sold 20,000 shares of the company’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $56.17, for a total transaction of $1,123,400.00. Following the completion of the transaction, the chief executive officer now directly owns 261,162 shares of the company’s stock, valued at $14,669,469.54. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On ON Semiconductor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ON. Cedar Mountain Advisors LLC acquired a new position in ON Semiconductor in the 1st quarter worth $25,000. Tsfg LLC bought a new stake in ON Semiconductor during the 4th quarter worth about $27,000. IronBridge Private Wealth LLC bought a new stake in ON Semiconductor during the 4th quarter worth about $27,000. Assetmark Inc. bought a new stake in ON Semiconductor during the 2nd quarter worth about $27,000. Finally, IndexIQ Advisors LLC bought a new stake in ON Semiconductor during the 1st quarter worth about $40,000. 92.86% of the stock is owned by institutional investors and hedge funds.

About ON Semiconductor

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onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.