ON Semiconductor (NASDAQ:ON - Get Free Report) had its target price boosted by equities researchers at KeyCorp from $50.00 to $65.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "overweight" rating on the semiconductor company's stock. KeyCorp's price objective would suggest a potential upside of 12.81% from the company's previous close.
A number of other brokerages have also recently issued reports on ON. TD Cowen boosted their target price on shares of ON Semiconductor from $38.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, May 6th. Mizuho increased their target price on shares of ON Semiconductor from $60.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, June 26th. Needham & Company LLC lowered their target price on shares of ON Semiconductor from $57.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Stifel Nicolaus cut their price target on ON Semiconductor from $52.00 to $42.00 and set a "hold" rating for the company in a research note on Thursday, April 17th. Finally, JPMorgan Chase & Co. lowered their price objective on ON Semiconductor from $60.00 to $48.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 6th. Thirteen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $57.81.
View Our Latest Stock Analysis on ON Semiconductor
ON Semiconductor Stock Performance
Shares of ON stock traded up $3.01 on Tuesday, reaching $57.62. The stock had a trading volume of 8,974,901 shares, compared to its average volume of 8,335,870. ON Semiconductor has a 12 month low of $31.04 and a 12 month high of $80.08. The firm has a market capitalization of $24.08 billion, a price-to-earnings ratio of 40.01, a P/E/G ratio of 4.50 and a beta of 1.43. The firm's 50-day moving average is $47.84 and its two-hundred day moving average is $48.19. The company has a quick ratio of 3.32, a current ratio of 4.95 and a debt-to-equity ratio of 0.42.
ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.40 billion. ON Semiconductor had a net margin of 9.51% and a return on equity of 17.40%. ON Semiconductor's quarterly revenue was down 22.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.08 EPS. On average, research analysts expect that ON Semiconductor will post 2.6 EPS for the current fiscal year.
Institutional Investors Weigh In On ON Semiconductor
Institutional investors and hedge funds have recently made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new position in ON Semiconductor in the fourth quarter valued at $4,782,000. Moran Wealth Management LLC lifted its stake in shares of ON Semiconductor by 30.4% in the 4th quarter. Moran Wealth Management LLC now owns 45,797 shares of the semiconductor company's stock valued at $2,888,000 after purchasing an additional 10,682 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of ON Semiconductor by 9.3% during the 4th quarter. Daiwa Securities Group Inc. now owns 166,825 shares of the semiconductor company's stock valued at $10,518,000 after purchasing an additional 14,229 shares in the last quarter. Independent Advisor Alliance grew its stake in ON Semiconductor by 25.6% during the fourth quarter. Independent Advisor Alliance now owns 4,420 shares of the semiconductor company's stock worth $279,000 after purchasing an additional 901 shares during the period. Finally, Truvestments Capital LLC increased its holdings in ON Semiconductor by 3.8% in the fourth quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company's stock worth $357,000 after purchasing an additional 207 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.
ON Semiconductor Company Profile
(
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onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.
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