Stifel Nicolaus Increases ON Semiconductor Corp. (ON) Price Target to $15.00
ON Semiconductor Corp. (NASDAQ:ON) had its target price boosted by equities researchers at Stifel Nicolaus from $13.00 to $15.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 27.33% from the company’s previous close.
Other research analysts have also issued research reports about the stock. B. Riley reiterated a “buy” rating and set a $15.00 price objective on shares of ON Semiconductor Corp. in a research note on Tuesday, August 9th. Needham & Company LLC reiterated a “buy” rating and set a $14.00 price objective on shares of ON Semiconductor Corp. in a research note on Monday, August 8th. Zacks Investment Research upgraded shares of ON Semiconductor Corp. from a “hold” rating to a “buy” rating and set a $9.25 price objective for the company in a research note on Tuesday, June 28th. Citigroup Inc. reiterated a “buy” rating and set a $12.00 price objective on shares of ON Semiconductor Corp. in a research note on Friday, June 17th. Finally, Mizuho restated a “buy” rating and set a $16.00 price target on shares of ON Semiconductor Corp. in a research note on Tuesday, June 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seventeen have assigned a buy rating to the stock. ON Semiconductor Corp. presently has a consensus rating of “Buy” and an average target price of $13.41.
Shares of ON Semiconductor Corp. (NASDAQ:ON) opened at 11.78 on Tuesday. The stock’s 50 day moving average is $10.61 and its 200 day moving average is $9.75. ON Semiconductor Corp. has a 12 month low of $6.97 and a 12 month high of $12.00. The company has a market capitalization of $4.90 billion, a P/E ratio of 30.21 and a beta of 1.64.
ON Semiconductor Corp. (NASDAQ:ON) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm earned $877.80 million during the quarter, compared to analyst estimates of $854.55 million. ON Semiconductor Corp. had a net margin of 4.70% and a return on equity of 20.14%. ON Semiconductor Corp.’s revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.22 EPS. On average, equities analysts predict that ON Semiconductor Corp. will post $0.85 EPS for the current fiscal year.
In other news, VP Paul E. Rolls sold 15,000 shares of the stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $11.25, for a total value of $168,750.00. Following the completion of the sale, the vice president now directly owns 277,202 shares in the company, valued at $3,118,522.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of ON. Acrospire Investment Management LLC boosted its stake 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 period. American International Group Inc. boosted its stake in ON Semiconductor Corp. by 14.3% in the second quarter. American International Group Inc. now owns 13,435 shares of the company’s stock valued at $118,000 after buying an additional 1,682 shares during the last quarter. Emerald Mutual Fund Advisers Trust boosted its stake in 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 valued at $129,000 after buying an additional 356 shares during the last quarter. YHB Investment Advisors Inc. purchased a new stake in ON Semiconductor Corp. during the second quarter valued at about $133,000. Finally, TradeLink Capital LLC purchased a new stake in ON Semiconductor Corp. during the second quarter valued at about $138,000. Institutional investors and hedge funds own 94.67% of the company’s stock.
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.
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