ON Semiconductor (NASDAQ:ON) had its target price raised by Robert W. Baird from $25.00 to $26.00 in a research note issued to investors on Tuesday morning. They currently have an outperform rating on the semiconductor company’s stock.

A number of other research analysts also recently issued reports on the company. Citigroup boosted their price objective on ON Semiconductor from $24.00 to $28.00 and gave the company a buy rating in a research note on Tuesday. Craig Hallum boosted their price objective on ON Semiconductor from $26.00 to $28.00 and gave the company a buy rating in a research note on Monday. B. Riley boosted their price objective on ON Semiconductor from $25.00 to $29.00 and gave the company a buy rating in a research note on Monday. Mizuho boosted their price objective on ON Semiconductor from $26.00 to $27.00 and gave the company a buy rating in a research note on Monday. Finally, Vetr raised ON Semiconductor from a buy rating to a strong-buy rating and set a $26.75 price objective on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $23.99.

ON Semiconductor (ON) opened at $20.81 on Tuesday. The stock has a market capitalization of $9,357.02, a PE ratio of 19.02, a PEG ratio of 1.04 and a beta of 2.08. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25. ON Semiconductor has a 52 week low of $13.65 and a 52 week high of $25.60.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. ON Semiconductor had a return on equity of 23.64% and a net margin of 14.63%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. sell-side analysts predict that ON Semiconductor will post 1.73 earnings per share for the current fiscal year.

In related news, COO William A. Schromm sold 54,366 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $21.18, for a total value of $1,151,471.88. Following the transaction, the chief operating officer now owns 666,815 shares in the company, valued at $14,123,141.70. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Daryl Ostrander sold 1,398 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $19.10, for a total value of $26,701.80. Following the completion of the transaction, the director now owns 64,060 shares in the company, valued at approximately $1,223,546. The disclosure for this sale can be found here. Insiders sold a total of 98,246 shares of company stock worth $2,140,940 in the last 90 days. Company insiders own 1.60% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Northern Trust Corp lifted its position in shares of ON Semiconductor by 3.3% during the second quarter. Northern Trust Corp now owns 2,016,245 shares of the semiconductor company’s stock worth $28,308,000 after acquiring an additional 64,121 shares in the last quarter. Numeric Investors LLC lifted its position in shares of ON Semiconductor by 0.3% during the second quarter. Numeric Investors LLC now owns 89,300 shares of the semiconductor company’s stock worth $1,254,000 after acquiring an additional 300 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of ON Semiconductor by 17.8% during the second quarter. Goldman Sachs Group Inc. now owns 1,333,089 shares of the semiconductor company’s stock worth $18,717,000 after acquiring an additional 201,771 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of ON Semiconductor during the second quarter worth $533,000. Finally, Bank of Nova Scotia purchased a new stake in shares of ON Semiconductor during the second quarter worth $2,064,000. Institutional investors and hedge funds own 99.86% of the company’s stock.

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ON Semiconductor Company Profile

ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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