Brokerages Set ON Semiconductor Corp (ON) Price Target at $24.09
Shares of ON Semiconductor Corp (NASDAQ:ON) have earned an average rating of “Buy” from the twenty-three ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $24.09.
Several brokerages have recently commented on ON. BidaskClub upgraded ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Vetr upgraded ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 price objective on the stock in a research report on Monday, January 22nd. Zacks Investment Research upgraded ON Semiconductor from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, March 6th. ValuEngine upgraded ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Mizuho boosted their price objective on ON Semiconductor from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, February 5th.
In other ON Semiconductor news, Director Atsushi Abe sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $22.53, for a total transaction of $450,600.00. Following the sale, the director now directly owns 154,913 shares of the company’s stock, valued at $3,490,189.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Paul E. Rolls sold 16,899 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $21.03, for a total value of $355,385.97. Following the sale, the vice president now directly owns 305,807 shares in the company, valued at $6,431,121.21. The disclosure for this sale can be found here. Insiders sold 115,195 shares of company stock worth $2,675,075 over the last ninety days. Insiders own 1.40% of the company’s stock.
ON Semiconductor (NASDAQ ON) traded down $0.43 during midday trading on Friday, reaching $26.37. The company had a trading volume of 3,300,273 shares, compared to its average volume of 7,842,855. The stock has a market capitalization of $11,150.00, a P/E ratio of 31.57, a PEG ratio of 1.25 and a beta of 2.03. The company has a quick ratio of 1.31, a current ratio of 2.08 and a debt-to-equity ratio of 0.97. ON Semiconductor has a 12 month low of $13.65 and a 12 month high of $27.10.
ON Semiconductor (NASDAQ:ON) last released its earnings results on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. ON Semiconductor had a return on equity of 21.88% and a net margin of 14.63%. ON Semiconductor’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. sell-side analysts anticipate that ON Semiconductor will post 1.73 earnings per share for the current fiscal year.
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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.
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