ON Semiconductor (NASDAQ:ON) had its price target hoisted by Credit Suisse Group from $17.00 to $20.00 in a research note published on Tuesday. They currently have an underperform rating on the semiconductor company’s stock.

A number of other research firms have also recently commented on ON. Vetr raised shares of ON Semiconductor from a hold rating to a buy rating and set a $26.75 target price for the company in a research note on Monday, January 22nd. Zacks Investment Research lowered shares of ON Semiconductor from a hold rating to a sell rating in a research report on Wednesday, January 24th. ValuEngine upgraded shares of ON Semiconductor from a hold rating to a buy rating in a research report on Friday, February 2nd. BidaskClub lowered shares of ON Semiconductor from a strong-buy rating to a buy rating in a research report on Friday, January 26th. Finally, Mizuho boosted their price target on shares of ON Semiconductor from $26.00 to $27.00 and gave the stock a buy rating in a research report on Monday, February 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $23.99.

ON Semiconductor (ON) opened at $21.15 on Tuesday. ON Semiconductor has a fifty-two week low of $13.65 and a fifty-two week high of $25.60. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25. The firm has a market cap of $8,970.00, a price-to-earnings ratio of 11.25, a price-to-earnings-growth ratio of 1.04 and a beta of 2.08.

ON Semiconductor (NASDAQ:ON) last released its earnings results on Friday, February 2nd. The semiconductor company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. ON Semiconductor had a net margin of 14.63% and a return on equity of 23.64%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 earnings per share. equities research analysts expect that ON Semiconductor will post 1.73 EPS for the current fiscal year.

In other ON Semiconductor news, Director Daryl Ostrander sold 1,398 shares of the 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 sale, the director now directly owns 64,060 shares of the company’s stock, valued at approximately $1,223,546. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO William A. Schromm sold 54,366 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $21.18, for a total transaction of $1,151,471.88. Following the completion of the sale, the chief operating officer now directly owns 666,815 shares in the company, valued at $14,123,141.70. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 98,246 shares of company stock worth $2,140,940. 1.60% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the business. Janus Henderson Group PLC increased its position in shares of ON Semiconductor by 6.0% in the 3rd quarter. Janus Henderson Group PLC now owns 34,605,410 shares of the semiconductor company’s stock valued at $639,162,000 after purchasing an additional 1,949,089 shares during the last quarter. Capital International Investors increased its position in shares of ON Semiconductor by 1.9% in the 3rd quarter. Capital International Investors now owns 24,062,785 shares of the semiconductor company’s stock valued at $444,440,000 after purchasing an additional 439,448 shares during the last quarter. Pictet Asset Management Ltd. increased its position in shares of ON Semiconductor by 16.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 8,576,929 shares of the semiconductor company’s stock valued at $158,416,000 after purchasing an additional 1,234,603 shares during the last quarter. LSV Asset Management increased its position in shares of ON Semiconductor by 63.1% in the 4th quarter. LSV Asset Management now owns 7,255,728 shares of the semiconductor company’s stock valued at $151,934,000 after purchasing an additional 2,806,816 shares during the last quarter. Finally, TCW Group Inc. increased its position in shares of ON Semiconductor by 22.8% in the 3rd quarter. TCW Group Inc. now owns 5,057,099 shares of the semiconductor company’s stock valued at $93,405,000 after purchasing an additional 938,018 shares during the last quarter. 99.86% of the stock is currently owned by institutional investors.

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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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