ON Semiconductor Corp. (NASDAQ:ON)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Goldman Sachs Group Inc. in a note issued to investors on Wednesday. They currently have a $13.00 price target on the stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 11.02% from the stock’s previous close.

Other research analysts have also issued reports about the company. Zacks Investment Research raised ON Semiconductor Corp. from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research report on Tuesday, June 28th. Credit Suisse Group AG restated a “buy” rating and issued a $13.00 target price on shares of ON Semiconductor Corp. in a research note on Tuesday, August 9th. Longbow Research upgraded ON Semiconductor Corp. from a “neutral” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Wednesday, August 24th. B. Riley restated a “buy” rating and issued a $15.00 target price on shares of ON Semiconductor Corp. in a research note on Sunday, August 14th. Finally, KeyCorp restated a “buy” rating and issued a $13.00 target price on shares of ON Semiconductor Corp. in a research note on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $13.65.

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

ON Semiconductor Corp. (NASDAQ:ON) traded down 1.68% during mid-day trading on Wednesday, reaching $11.71. The company’s stock had a trading volume of 4,772,385 shares. ON Semiconductor Corp. has a 52-week low of $6.97 and a 52-week high of $12.69. The firm has a 50 day moving average price of $11.61 and a 200 day moving average price of $10.20. The company has a market cap of $4.87 billion, a price-to-earnings ratio of 30.03 and a beta of 1.76.

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 return on equity of 20.14% and a net margin of 4.70%. The firm earned $877.80 million during the quarter, compared to analyst estimates of $854.55 million. During the same period last year, the company posted $0.22 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. Equities research analysts anticipate that ON Semiconductor Corp. will post $0.85 earnings per share for the current year.

In other ON Semiconductor Corp. news, VP Paul E. Rolls sold 3,507 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $12.50, for a total transaction of $43,837.50. Following the sale, the vice president now owns 265,345 shares of the company’s stock, valued at approximately $3,316,812.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul E. Rolls sold 15,000 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $11.25, for a total transaction of $168,750.00. Following the sale, the vice president now directly owns 277,202 shares in the company, valued at approximately $3,118,522.50. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. boosted its position in ON Semiconductor Corp. by 19.2% in the third quarter. YHB Investment Advisors Inc. now owns 18,000 shares of the company’s stock valued at $222,000 after buying an additional 2,900 shares during the last quarter. Malaga Cove Capital LLC boosted its position in ON Semiconductor Corp. by 2.8% in the third quarter. Malaga Cove Capital LLC now owns 603,554 shares of the company’s stock valued at $7,469,000 after buying an additional 16,663 shares during the last quarter. Rice Hall James & Associates LLC boosted its position in ON Semiconductor Corp. by 12.0% in the third quarter. Rice Hall James & Associates LLC now owns 487,924 shares of the company’s stock valued at $6,011,000 after buying an additional 52,194 shares during the last quarter. Nationwide Fund Advisors boosted its position in ON Semiconductor Corp. by 107.5% in the third quarter. Nationwide Fund Advisors now owns 100,361 shares of the company’s stock valued at $1,236,000 after buying an additional 52,000 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its position in ON Semiconductor Corp. by 370.0% in the third quarter. Meeder Asset Management Inc. now owns 77,424 shares of the company’s stock valued at $954,000 after buying an additional 60,951 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

ON Semiconductor Corp. Company Profile

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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