ON Semiconductor (NASDAQ:ON) had its target price boosted by MKM Partners to $28.00 in a research report sent to investors on Tuesday. The brokerage currently has a buy rating on the semiconductor company’s stock.

ON has been the topic of several other reports. Vetr downgraded ON Semiconductor from a strong-buy rating to a buy rating and set a $25.52 target price on the stock. in a research report on Wednesday, January 10th. Summit Redstone downgraded ON Semiconductor to a hold rating in a research report on Monday, November 6th. Robert W. Baird upped their target price on ON Semiconductor from $25.00 to $26.00 and gave the company an outperform rating in a research report on Tuesday. Jefferies Group reissued a hold rating and issued a $20.00 target price on shares of ON Semiconductor in a research report on Thursday, October 19th. Finally, BidaskClub downgraded ON Semiconductor from a strong-buy rating to a buy rating in a research report on Friday, January 26th. 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 issued a strong buy rating to the company’s stock. ON Semiconductor presently has an average rating of Buy and an average target price of $23.99.

ON Semiconductor (NASDAQ ON) opened at $21.15 on Tuesday. 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 12-month low of $13.65 and a 12-month high of $25.60. The stock has a market capitalization of $9,120.00, a price-to-earnings ratio of 11.25, a P/E/G 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.02. ON Semiconductor had a return on equity of 23.64% and a net margin of 14.63%. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the firm earned $0.29 EPS. The firm’s revenue was up 9.2% on a year-over-year basis. research analysts predict that ON Semiconductor will post 1.73 earnings per share for the current year.

In other news, Director Daryl Ostrander sold 1,398 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $19.10, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP William Hall sold 22,583 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $23.86, for a total transaction of $538,830.38. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 98,246 shares of company stock worth $2,140,940. 1.60% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of ON. Janus Henderson Group PLC raised its position in shares of ON Semiconductor by 6.0% during the 3rd quarter. Janus Henderson Group PLC now owns 34,605,410 shares of the semiconductor company’s stock worth $639,162,000 after purchasing an additional 1,949,089 shares during the last quarter. Capital International Investors raised its position in shares of ON Semiconductor by 1.9% during the 3rd quarter. Capital International Investors now owns 24,062,785 shares of the semiconductor company’s stock worth $444,440,000 after purchasing an additional 439,448 shares during the last quarter. Pictet Asset Management Ltd. raised its position in shares of ON Semiconductor by 16.8% during the 3rd quarter. Pictet Asset Management Ltd. now owns 8,576,929 shares of the semiconductor company’s stock worth $158,416,000 after purchasing an additional 1,234,603 shares during the last quarter. LSV Asset Management raised its position in shares of ON Semiconductor by 63.1% during the 4th quarter. LSV Asset Management now owns 7,255,728 shares of the semiconductor company’s stock worth $151,934,000 after purchasing an additional 2,806,816 shares during the last quarter. Finally, TCW Group Inc. raised its position in shares of ON Semiconductor by 22.8% during the 3rd quarter. TCW Group Inc. now owns 5,057,099 shares of the semiconductor company’s stock worth $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 and hedge funds.

ILLEGAL ACTIVITY NOTICE: This report was first published by Daily Political and is the property of of Daily Political. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international trademark & copyright legislation. The correct version of this report can be viewed at https://www.dailypolitical.com/2018/02/10/mkm-partners-boosts-on-semiconductor-on-price-target-to-28-00.html.

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)

Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.