ON Semiconductor Corp. (NASDAQ:ON)‘s stock had its “hold” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday. They currently have a $13.50 price objective on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 17.19% from the company’s previous close.

Other equities analysts also recently issued reports about the company. B. Riley reissued a “buy” rating and set a $15.00 target price on shares of ON Semiconductor Corp. in a research note on Tuesday, August 9th. Deutsche Bank AG began coverage on ON Semiconductor Corp. in a research note on Tuesday. They set a “buy” rating for the company. Jefferies Group increased their target price on ON Semiconductor Corp. from $10.50 to $13.00 and gave the stock a “hold” rating in a research note on Tuesday. Susquehanna began coverage on ON Semiconductor Corp. in a research note on Tuesday. They set a “positive” rating for the company. Finally, Credit Agricole SA increased their target price on ON Semiconductor Corp. from $12.00 to $13.00 and gave the stock a “market perform” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $13.00.

ON Semiconductor Corp. (NASDAQ:ON) opened at 11.52 on Tuesday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 29.54 and a beta of 1.64. ON Semiconductor Corp. has a 1-year low of $6.97 and a 1-year high of $11.74. The firm’s 50-day moving average price is $10.50 and its 200-day moving average price is $9.71.

ON Semiconductor Corp. (NASDAQ:ON) last issued its earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business earned $877.80 million during the quarter, compared to the consensus estimate of $854.55 million. ON Semiconductor Corp. had a return on equity of 20.14% and a net margin of 4.70%. The company’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS. On average, equities research analysts anticipate that ON Semiconductor Corp. will post $0.84 earnings per share for the current year.

In other news, VP Paul E. Rolls sold 15,000 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $11.25, for a total transaction of $168,750.00. Following the sale, the vice president now owns 277,202 shares in the company, valued at $3,118,522.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its position in shares of ON Semiconductor Corp. by 36.0% in the second quarter. Acrospire Investment Management LLC now owns 11,700 shares of the company’s stock worth $103,000 after buying an additional 3,100 shares during the last quarter. American International Group Inc. boosted its position in shares of ON Semiconductor Corp. by 14.3% in the second quarter. American International Group Inc. now owns 13,435 shares of the company’s stock worth $118,000 after buying an additional 1,682 shares during the last quarter. Boothbay Fund Management LLC boosted its position in shares of ON Semiconductor Corp. by 19.8% in the first quarter. Boothbay Fund Management LLC now owns 14,630 shares of the company’s stock worth $140,000 after buying an additional 2,420 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its position in shares of ON Semiconductor Corp. by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 14,642 shares of the company’s stock worth $129,000 after buying an additional 356 shares during the last quarter. Finally, BlueMountain Capital Management LLC boosted its position in shares of ON Semiconductor Corp. by 412.1% in the first quarter. BlueMountain Capital Management LLC now owns 14,963 shares of the company’s stock worth $143,000 after buying an additional 12,041 shares during the last quarter. Institutional investors and hedge funds own 94.71% of the company’s stock.

About ON Semiconductor Corp.

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.

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