Shares of ON Semiconductor Corp (NASDAQ:ON) gapped up before the market opened on Wednesday . The stock had previously closed at $16.73, but opened at $17.12. ON Semiconductor shares last traded at $17.91, with a volume of 5,583,924 shares.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded ON Semiconductor from a “hold” rating to a “sell” rating and set a $19.00 price objective for the company. in a report on Wednesday. Benchmark assumed coverage on ON Semiconductor in a report on Friday, September 20th. They set a “buy” rating and a $26.00 price objective for the company. Loop Capital dropped their price objective on ON Semiconductor to $23.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Raymond James upgraded ON Semiconductor from a “market perform” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a report on Monday, August 19th. Finally, B. Riley restated a “buy” rating on shares of ON Semiconductor in a report on Monday, August 5th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.41.

The business’s 50-day moving average is $18.60 and its two-hundred day moving average is $19.89. The company has a current ratio of 2.42, a quick ratio of 1.41 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $7.18 billion, a PE ratio of 9.14, a PEG ratio of 1.80 and a beta of 2.18.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings results on Sunday, August 4th. The semiconductor company reported $0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.42. ON Semiconductor had a net margin of 9.49% and a return on equity of 25.36%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same period in the prior year, the company earned $0.46 EPS. The firm’s revenue was down 7.4% on a year-over-year basis. On average, analysts predict that ON Semiconductor Corp will post 1.55 EPS for the current year.

In other ON Semiconductor news, VP Paul E. Rolls sold 11,467 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $22.00, for a total value of $252,274.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Bernard Gutmann sold 43,266 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $18.79, for a total transaction of $812,968.14. Following the completion of the transaction, the chief financial officer now directly owns 700,344 shares of the company’s stock, valued at $13,159,463.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,545 shares of company stock valued at $1,901,658. 1.40% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Oakworth Capital Inc. purchased a new position in ON Semiconductor in the 2nd quarter valued at about $28,000. Front Row Advisors LLC boosted its position in ON Semiconductor by 2,244.3% in the 1st quarter. Front Row Advisors LLC now owns 1,430 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 1,369 shares during the last quarter. Stonebridge Capital Advisors LLC purchased a new position in ON Semiconductor in the 2nd quarter valued at about $71,000. Redhawk Wealth Advisors Inc. purchased a new position in ON Semiconductor in the 2nd quarter valued at about $77,000. Finally, Stephens Inc. AR boosted its position in ON Semiconductor by 11.2% in the 2nd quarter. Stephens Inc. AR now owns 4,983 shares of the semiconductor company’s stock valued at $101,000 after buying an additional 503 shares during the last quarter. 96.06% of the stock is owned by institutional investors.

ON Semiconductor Company Profile (NASDAQ:ON)

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

Recommended Story: Dollar Cost Averaging

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.