ON Semiconductor (NASDAQ:ON) Coverage Initiated by Analysts at Stifel Nicolaus

Research analysts at Stifel Nicolaus assumed coverage on shares of ON Semiconductor (NASDAQ:ON) in a report released on Thursday, The Fly reports. The brokerage set a “hold” rating on the semiconductor company’s stock.

A number of other equities research analysts also recently commented on ON. Mizuho boosted their target price on ON Semiconductor from $44.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, August 3rd. Citigroup reissued a “buy” rating and set a $54.00 price objective (up from $45.00) on shares of ON Semiconductor in a research note on Tuesday, August 3rd. Truist boosted their price objective on ON Semiconductor from $46.00 to $51.00 and gave the stock a “buy” rating in a research note on Tuesday, August 3rd. Raymond James boosted their price objective on ON Semiconductor from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 3rd. Finally, Credit Suisse Group boosted their price objective on ON Semiconductor from $17.00 to $45.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $48.70.

NASDAQ ON opened at $41.90 on Thursday. ON Semiconductor has a fifty-two week low of $23.86 and a fifty-two week high of $49.78. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.32 and a current ratio of 2.22. The stock has a 50 day simple moving average of $45.33 and a two-hundred day simple moving average of $41.22. The stock has a market cap of $18.04 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 0.35 and a beta of 1.87.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Sunday, August 1st. The semiconductor company reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.14. The company had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. ON Semiconductor had a return on equity of 18.98% and a net margin of 8.85%. The firm’s revenue for the quarter was up 37.6% on a year-over-year basis. During the same quarter last year, the company earned $0.12 EPS. Sell-side analysts predict that ON Semiconductor will post 2.49 earnings per share for the current year.

In related news, EVP George H. Cave sold 10,000 shares of ON Semiconductor stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $45.15, for a total value of $451,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vince Craig Hopkin sold 4,000 shares of the business’s stock in a transaction on Monday, August 2nd. The stock was sold at an average price of $42.94, for a total transaction of $171,760.00. The disclosure for this sale can be found here. Insiders have sold a total of 25,700 shares of company stock valued at $1,150,993 in the last 90 days. Insiders own 1.42% of the company’s stock.

Large investors have recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of ON Semiconductor by 64.7% in the second quarter. Parallel Advisors LLC now owns 657 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 258 shares during the last quarter. KB Financial Partners LLC increased its stake in shares of ON Semiconductor by 133.1% during the second quarter. KB Financial Partners LLC now owns 809 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 462 shares during the period. Advisory Services Network LLC acquired a new position in shares of ON Semiconductor during the second quarter worth about $32,000. Deseret Mutual Benefit Administrators acquired a new position in shares of ON Semiconductor during the second quarter worth about $35,000. Finally, Lenox Wealth Advisors LLC acquired a new position in shares of ON Semiconductor during the third quarter worth about $43,000. 91.15% of the stock is owned by institutional investors and hedge funds.

ON Semiconductor Company Profile

ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.

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Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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