BidaskClub lowered shares of ON Semiconductor (NASDAQ:ON) from a sell rating to a strong sell rating in a research note issued to investors on Saturday.

Other analysts have also recently issued research reports about the company. Zacks Investment Research upgraded ON Semiconductor from a hold rating to a buy rating and set a $25.00 price target for the company in a report on Monday, July 2nd. Craig Hallum lifted their price target on ON Semiconductor from $28.00 to $31.00 and gave the company a buy rating in a report on Tuesday, June 5th. B. Riley lifted their price target on ON Semiconductor from $29.00 to $30.00 and gave the company a buy rating in a report on Tuesday, July 31st. Needham & Company LLC restated a buy rating and issued a $30.00 price target on shares of ON Semiconductor in a report on Monday, July 30th. Finally, Mizuho restated a buy rating and issued a $27.00 price target on shares of ON Semiconductor in a report on Monday, July 30th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ON Semiconductor has an average rating of Hold and a consensus price target of $25.74.

Shares of ON stock opened at $19.32 on Friday. ON Semiconductor has a twelve month low of $16.52 and a twelve month high of $27.10. The stock has a market capitalization of $8.30 billion, a P/E ratio of 13.23, a PEG ratio of 0.80 and a beta of 1.97. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 0.91.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Sunday, July 29th. The semiconductor company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.01. ON Semiconductor had a net margin of 16.66% and a return on equity of 24.14%. The firm had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.43 billion. analysts expect that ON Semiconductor will post 1.84 EPS for the current year.

In other news, EVP Vince Craig Hopkin sold 3,172 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $21.66, for a total transaction of $68,705.52. Following the completion of the sale, the executive vice president now owns 84,114 shares in the company, valued at approximately $1,821,909.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bernard Raymond Colpitts, Jr. sold 1,214 shares of the business’s stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $21.44, for a total value of $26,028.16. Following the sale, the insider now owns 18,357 shares of the company’s stock, valued at approximately $393,574.08. The disclosure for this sale can be found here. Insiders have sold a total of 4,394 shares of company stock valued at $94,907 in the last quarter. Company insiders own 1.29% of the company’s stock.

Several large investors have recently modified their holdings of the company. LS Investment Advisors LLC purchased a new position in ON Semiconductor in the 2nd quarter worth approximately $109,000. Point72 Asia Hong Kong Ltd boosted its holdings in ON Semiconductor by 9,749.0% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 4,826 shares of the semiconductor company’s stock worth $118,000 after acquiring an additional 4,777 shares during the period. Psagot Investment House Ltd. purchased a new position in ON Semiconductor in the 2nd quarter worth approximately $123,000. Cerebellum GP LLC purchased a new position in ON Semiconductor in the 2nd quarter worth approximately $170,000. Finally, Focused Wealth Management Inc purchased a new position in ON Semiconductor in the 1st quarter worth approximately $181,000. Institutional investors and hedge funds own 92.28% of the company’s stock.

About ON Semiconductor

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

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Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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