Equities researchers at Deutsche Bank AG started coverage on shares of ON Semiconductor Corp. (NASDAQ:ON) in a note issued to investors on Tuesday. The brokerage set a “buy” rating on the stock.

A number of other research firms have also recently weighed in on ON. B. Riley reissued a “buy” rating and set a $16.00 price objective on shares of ON Semiconductor Corp. in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $14.00 target price on shares of ON Semiconductor Corp. in a report on Friday. Longbow Research raised shares of ON Semiconductor Corp. from a “neutral” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Wednesday, August 24th. Mizuho reaffirmed an “outperform” rating and issued a $16.00 target price on shares of ON Semiconductor Corp. in a report on Friday, September 9th. Finally, Jefferies Group lifted their target price on shares of ON Semiconductor Corp. from $10.00 to $10.50 and gave the company a “hold” rating in a report on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eighteen have given a buy rating to the company’s stock. ON Semiconductor Corp. presently has a consensus rating of “Buy” and a consensus price target of $12.55.

Shares of ON Semiconductor Corp. (NASDAQ:ON) opened at 11.52 on Tuesday. ON Semiconductor Corp. has a one year low of $6.97 and a one year high of $11.74. The stock has a market capitalization of $4.79 billion, a P/E ratio of 29.54 and a beta of 1.64. The company’s 50-day moving average is $10.50 and its 200-day moving average is $9.71.

ON Semiconductor Corp. (NASDAQ:ON) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company earned $877.80 million during the quarter, compared to the consensus estimate of $854.55 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The firm’s quarterly revenue was down .3% on a year-over-year basis. On average, equities research analysts anticipate that ON Semiconductor Corp. will post $0.84 earnings per share for the current year.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC increased its position in 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. increased its position in ON Semiconductor Corp. by 14.3% in the second quarter. American International Group Inc. now owns 13,435 shares of the company’s stock worth $118,000 after buying an additional 1,682 shares in the last quarter. Boothbay Fund Management LLC increased its position in ON Semiconductor Corp. by 19.8% in the first quarter. Boothbay Fund Management LLC now owns 14,630 shares of the company’s stock worth $140,000 after buying an additional 2,420 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in 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 worth $129,000 after buying an additional 356 shares in the last quarter. Finally, BlueMountain Capital Management LLC increased its position in ON Semiconductor Corp. by 412.1% in the first quarter. BlueMountain Capital Management LLC now owns 14,963 shares of the company’s stock worth $143,000 after buying an additional 12,041 shares in the last quarter. 94.71% of the stock is owned by institutional investors.

ON Semiconductor Corp. Company Profile

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

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