ON Semiconductor Corp. (NASDAQ:ON) had its target price increased by Jefferies Group from $10.50 to $13.00 in a research report issued on Tuesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 10.36% from the company’s previous close.

ON has been the topic of a number of other research reports. B. Riley reaffirmed a “buy” rating and set a $15.00 price target on shares of ON Semiconductor Corp. in a report on Tuesday, August 9th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $13.00 price target on shares of ON Semiconductor Corp. in a report on Tuesday, August 9th. Citigroup Inc. reaffirmed a “buy” rating and set a $12.00 price target on shares of ON Semiconductor Corp. in a report on Friday, June 17th. KeyCorp reaffirmed a “buy” rating and set a $13.00 price target on shares of ON Semiconductor Corp. in a report on Wednesday, July 6th. Finally, Zacks Investment Research cut ON Semiconductor Corp. from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seventeen have given a buy rating to the company’s stock. ON Semiconductor Corp. currently has an average rating of “Buy” and an average price target of $13.41.

Shares of ON Semiconductor Corp. (NASDAQ:ON) opened at 11.78 on Tuesday. The company has a 50-day moving average price of $10.61 and a 200-day moving average price of $9.75. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 30.21 and a beta of 1.64. ON Semiconductor Corp. has a 1-year low of $6.97 and a 1-year high of $12.00.

ON Semiconductor Corp. (NASDAQ:ON) last issued its earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. ON Semiconductor Corp. had a net margin of 4.70% and a return on equity of 20.14%. The firm had revenue of $877.80 million for the quarter, compared to analysts’ expectations of $854.55 million. During the same quarter last year, the company posted $0.22 earnings per share. ON Semiconductor Corp.’s revenue 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 fiscal year.

In related news, VP Paul E. Rolls sold 15,000 shares of ON Semiconductor Corp. stock in a transaction on Friday, August 26th. The shares were sold at an average price of $11.25, for a total value of $168,750.00. Following the completion of the sale, the vice president now owns 277,202 shares of the company’s stock, valued at approximately $3,118,522.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in ON. Capital International Investors increased its position in shares of ON Semiconductor Corp. by 88.6% in the second quarter. Capital International Investors now owns 21,106,509 shares of the company’s stock valued at $186,159,000 after buying an additional 9,913,421 shares during the period. Norges Bank purchased a new position in shares of ON Semiconductor Corp. during the fourth quarter valued at approximately $39,331,000. Westfield Capital Management Co. LP increased its position in shares of ON Semiconductor Corp. by 73.5% in the second quarter. Westfield Capital Management Co. LP now owns 7,253,093 shares of the company’s stock valued at $63,972,000 after buying an additional 3,071,808 shares during the period. Jericho Capital Asset Management L.P. purchased a new position in shares of ON Semiconductor Corp. during the first quarter valued at approximately $20,484,000. Finally, Prudential Financial Inc. increased its position in shares of ON Semiconductor Corp. by 1,713.4% in the first quarter. Prudential Financial Inc. now owns 1,426,694 shares of the company’s stock valued at $13,682,000 after buying an additional 1,348,020 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:ON

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