Robert W. Baird Boosts ON Semiconductor Corp. (ON) Price Target to $16.00
ON Semiconductor Corp. (NASDAQ:ON) had its price objective lifted by Robert W. Baird from $15.00 to $16.00 in a research report report published on Tuesday. Robert W. Baird currently has a buy rating on the stock.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of ON Semiconductor Corp. from a hold rating to a buy rating and set a $10.00 target price for the company in a research note on Tuesday, July 12th. KeyCorp reiterated a buy rating and issued a $13.00 target price on shares of ON Semiconductor Corp. in a research note on Wednesday, July 6th. Needham & Company LLC reiterated a buy rating and issued a $14.00 target price on shares of ON Semiconductor Corp. in a research note on Monday, August 8th. Citigroup Inc. reiterated a buy rating and issued a $12.00 target price on shares of ON Semiconductor Corp. in a research note on Friday, June 17th. Finally, Mizuho restated a buy rating and issued a $16.00 price objective on shares of ON Semiconductor Corp. in a research report on Tuesday, June 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seventeen have issued a buy rating to the company. ON Semiconductor Corp. currently has an average rating of Buy and a consensus target price of $13.61.
Shares of ON Semiconductor Corp. (NASDAQ:ON) opened at 12.04 on Tuesday. The firm has a market cap of $5.00 billion, a PE ratio of 30.87 and a beta of 1.64. ON Semiconductor Corp. has a 12 month low of $6.97 and a 12 month high of $12.22. The stock has a 50 day moving average price of $10.67 and a 200 day moving average price of $9.76.
ON Semiconductor Corp. (NASDAQ:ON) last posted its earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. ON Semiconductor Corp. had a net margin of 4.70% and a return on equity of 20.14%. The company earned $877.80 million during the quarter, compared to analysts’ expectations of $854.55 million. During the same quarter in the previous year, the company posted $0.22 earnings per share. ON Semiconductor Corp.’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities research analysts expect that ON Semiconductor Corp. will post $0.86 EPS for the current year.
In other news, VP Paul E. Rolls sold 15,000 shares of the company’s 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 sale, the vice president now directly owns 277,202 shares of the company’s stock, valued at approximately $3,118,522.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of ON. Norges Bank bought a new position in ON Semiconductor Corp. during the fourth quarter valued at $39,331,000. Fisher Asset Management LLC raised its position in shares of ON Semiconductor Corp. by 229.5% in the first quarter. Fisher Asset Management LLC now owns 95,562 shares of the company’s stock worth $923,000 after buying an additional 66,562 shares during the last quarter. Quantitative Systematic Strategies LLC acquired a new position in shares of ON Semiconductor Corp. during the first quarter worth about $254,000. Aperio Group LLC raised its position in shares of ON Semiconductor Corp. by 39.5% in the first quarter. Aperio Group LLC now owns 51,425 shares of the company’s stock worth $493,000 after buying an additional 14,561 shares during the last quarter. Finally, Virginia Retirement System acquired a new position in shares of ON Semiconductor Corp. during the first quarter worth about $1,641,000. 94.67% of the stock is currently owned by 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.
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