Analysts at Susquehanna began coverage on shares of ON Semiconductor Corp. (NASDAQ:ON) in a report issued on Tuesday. The firm set a “positive” rating on the stock.

Several other research firms have also commented on ON. B. Riley restated a “buy” rating and set a $15.00 price target on shares of ON Semiconductor Corp. in a research report on Tuesday, August 9th. Credit Suisse Group AG restated a “buy” rating and set a $13.00 price target on shares of ON Semiconductor Corp. in a research report on Tuesday, August 9th. Jefferies Group raised their price target on ON Semiconductor Corp. from $10.00 to $10.50 and gave the stock a “hold” rating in a research report on Tuesday, August 9th. Citigroup Inc. restated a “buy” rating and set a $12.00 price target on shares of ON Semiconductor Corp. in a research report on Friday, June 17th. Finally, KeyCorp restated a “buy” rating and set a $13.00 price target on shares of ON Semiconductor Corp. in a research report on Wednesday, July 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $13.41.

ON Semiconductor Corp. (NASDAQ:ON) opened at 11.78 on Tuesday. ON Semiconductor Corp. has a 52-week low of $6.97 and a 52-week high of $12.00. The stock has a 50 day moving average price of $10.61 and a 200 day moving average price of $9.75. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 30.21 and a beta of 1.64.

ON Semiconductor Corp. (NASDAQ:ON) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. ON Semiconductor Corp. had a return on equity of 20.14% and a net margin of 4.70%. The firm earned $877.80 million during the quarter, compared to analysts’ expectations of $854.55 million. During the same quarter last year, the firm earned $0.22 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. On average, equities analysts expect that ON Semiconductor Corp. will post $0.85 earnings per share for the current year.

In other ON Semiconductor Corp. news, VP Paul E. Rolls sold 15,000 shares of ON Semiconductor Corp. stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $11.25, for a total value of $168,750.00. Following the sale, the vice president now owns 277,202 shares of the company’s stock, valued at approximately $3,118,522.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC raised its stake in shares of ON Semiconductor Corp. by 36.0% in the second quarter. Acrospire Investment Management LLC now owns 11,700 shares of the company’s stock worth $103,000 after buying an additional 3,100 shares in the last quarter. American International Group Inc. raised its stake in shares of ON Semiconductor Corp. by 14.3% in the second quarter. American International Group Inc. now owns 13,435 shares of the company’s stock valued at $118,000 after buying an additional 1,682 shares during the period. Boothbay Fund Management LLC raised its stake in shares of ON Semiconductor Corp. by 19.8% in the first quarter. Boothbay Fund Management LLC now owns 14,630 shares of the company’s stock valued at $140,000 after buying an additional 2,420 shares during the period. Emerald Mutual Fund Advisers Trust raised its stake in shares of ON Semiconductor Corp. by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 14,642 shares of the company’s stock valued at $129,000 after buying an additional 356 shares during the period. Finally, BlueMountain Capital Management LLC raised its stake in shares of ON Semiconductor Corp. by 412.1% in the first quarter. BlueMountain Capital Management LLC now owns 14,963 shares of the company’s stock valued at $143,000 after buying an additional 12,041 shares during the period. 94.67% of the stock is currently owned by institutional investors.

About ON Semiconductor Corp.

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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