Other equities research analysts have also recently issued research reports about the stock. ValuEngine cut shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Monday. Mizuho increased their target price on shares of ON Semiconductor from $25.00 to $26.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. Jefferies Financial Group raised shares of ON Semiconductor from a “hold” rating to a “buy” rating and increased their target price for the company from $26.00 to $29.00 in a research report on Tuesday, April 30th. Longbow Research cut shares of ON Semiconductor from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 17th. Finally, Goldman Sachs Group raised shares of ON Semiconductor from a “neutral” rating to a “buy” rating and increased their target price for the company from $22.00 to $26.00 in a research report on Wednesday, March 27th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. ON Semiconductor presently has a consensus rating of “Hold” and a consensus target price of $25.11.
Shares of ON opened at $19.72 on Tuesday. ON Semiconductor has a fifty-two week low of $14.55 and a fifty-two week high of $26.38. The company has a market capitalization of $8.24 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 1.53 and a beta of 2.05. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.31 and a quick ratio of 1.38.
ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings results on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. ON Semiconductor had a net margin of 10.22% and a return on equity of 26.54%. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the prior year, the company earned $0.31 EPS. The company’s revenue was up .7% compared to the same quarter last year. As a group, equities analysts expect that ON Semiconductor will post 1.8 EPS for the current year.
In other news, Director Emmanuel T. Hernandez sold 10,000 shares of the stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $22.59, for a total value of $225,900.00. Following the sale, the director now owns 119,655 shares in the company, valued at $2,703,006.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP George H. Cave sold 15,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $22.84, for a total transaction of $342,600.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,069 shares of company stock valued at $864,410. Corporate insiders own 1.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of ON Semiconductor in the first quarter worth $25,000. Berman Capital Advisors LLC increased its stake in shares of ON Semiconductor by 79.8% in the first quarter. Berman Capital Advisors LLC now owns 1,539 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 683 shares during the period. Huntington National Bank increased its stake in shares of ON Semiconductor by 69.2% in the fourth quarter. Huntington National Bank now owns 1,926 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 788 shares during the period. Pearl River Capital LLC acquired a new stake in shares of ON Semiconductor in the fourth quarter worth $34,000. Finally, Private Capital Group LLC increased its stake in shares of ON Semiconductor by 116.8% in the first quarter. Private Capital Group LLC now owns 2,096 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 1,129 shares during the period. Hedge funds and other institutional investors own 95.29% of the company’s stock.
ON Semiconductor Company Profile
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.
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