ON Semiconductor (NASDAQ:ON) Price Target Increased to $72.00 by Analysts at Mizuho

ON Semiconductor (NASDAQ:ONGet Rating) had its target price lifted by Mizuho from $68.00 to $72.00 in a research note published on Tuesday morning, The Fly reports. Mizuho currently has a buy rating on the semiconductor company’s stock.

A number of other research analysts also recently weighed in on ON. Benchmark reissued a buy rating and set a $72.00 target price on shares of ON Semiconductor in a research report on Tuesday, May 3rd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of ON Semiconductor from $70.00 to $65.00 in a report on Wednesday, July 20th. Morgan Stanley reduced their target price on shares of ON Semiconductor from $60.00 to $56.00 and set an equal weight rating on the stock in a report on Friday, June 10th. Truist Financial cut their price target on shares of ON Semiconductor from $73.00 to $65.00 and set a buy rating on the stock in a report on Friday, April 8th. Finally, Wells Fargo & Company raised shares of ON Semiconductor from an equal weight rating to an overweight rating and raised their target price for the stock from $58.00 to $65.00 in a research report on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, ON Semiconductor currently has a consensus rating of Moderate Buy and a consensus target price of $72.23.

ON Semiconductor Stock Performance

Shares of NASDAQ:ON opened at $67.63 on Tuesday. The company’s 50 day simple moving average is $57.43 and its 200 day simple moving average is $57.60. The stock has a market capitalization of $29.30 billion, a price-to-earnings ratio of 17.52, a price-to-earnings-growth ratio of 0.52 and a beta of 1.82. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.79 and a quick ratio of 1.83. ON Semiconductor has a 1 year low of $40.85 and a 1 year high of $71.25.

ON Semiconductor (NASDAQ:ONGet Rating) last released its earnings results on Monday, August 1st. The semiconductor company reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.08. ON Semiconductor had a net margin of 22.60% and a return on equity of 41.43%. The business had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the previous year, the business earned $0.63 earnings per share. ON Semiconductor’s revenue for the quarter was up 24.9% on a year-over-year basis. As a group, research analysts predict that ON Semiconductor will post 5.13 EPS for the current fiscal year.

Insider Activity

In related news, EVP Vince Craig Hopkin sold 6,296 shares of the business’s stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $52.10, for a total transaction of $328,021.60. Following the completion of the transaction, the executive vice president now owns 169,073 shares of the company’s stock, valued at approximately $8,808,703.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Hassane El-Khoury sold 20,000 shares of the firm’s stock in a transaction on Monday, July 18th. The stock was sold at an average price of $56.17, for a total transaction of $1,123,400.00. Following the sale, the chief executive officer now owns 261,162 shares of the company’s stock, valued at approximately $14,669,469.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Vince Craig Hopkin sold 6,296 shares of the stock in a transaction dated Tuesday, May 10th. The stock was sold at an average price of $52.10, for a total value of $328,021.60. Following the transaction, the executive vice president now owns 169,073 shares of the company’s stock, valued at approximately $8,808,703.30. The disclosure for this sale can be found here. 0.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On ON Semiconductor

Hedge funds have recently bought and sold shares of the company. IronBridge Private Wealth LLC bought a new position in ON Semiconductor in the fourth quarter valued at approximately $27,000. Tsfg LLC acquired a new position in ON Semiconductor in the fourth quarter valued at $27,000. Cedar Mountain Advisors LLC acquired a new position in shares of ON Semiconductor during the first quarter valued at about $25,000. Assetmark Inc. acquired a new position in shares of ON Semiconductor during the second quarter valued at about $27,000. Finally, IndexIQ Advisors LLC bought a new stake in shares of ON Semiconductor during the first quarter worth about $40,000. 92.86% of the stock is currently owned by institutional investors and hedge funds.

ON Semiconductor Company Profile

(Get Rating)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

See Also

The Fly logo

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.