ON Semiconductor (NASDAQ:ON) has been given a $3.75 target price by research analysts at DA Davidson in a research note issued on Wednesday, Price Targets.com reports. DA Davidson's price objective points to a potential downside of 90.06% from the company's previous close.
Other analysts also recently issued reports about the company. Piper Sandler increased their price objective on ON Semiconductor from $35.00 to $45.00 and gave the company an "overweight" rating in a report on Monday, January 25th. KeyCorp increased their price target on ON Semiconductor from $40.00 to $45.00 and gave the stock an "overweight" rating in a report on Tuesday, February 2nd. Mizuho increased their price target on ON Semiconductor from $40.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday. TheStreet upgraded ON Semiconductor from a "c" rating to a "b-" rating in a report on Monday, February 1st. Finally, Benchmark increased their price target on ON Semiconductor from $36.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, February 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company's stock. ON Semiconductor presently has a consensus rating of "Buy" and a consensus price target of $38.33.
Shares of ON traded up $0.46 during trading hours on Wednesday, reaching $37.71. The stock had a trading volume of 218,013 shares, compared to its average volume of 7,138,969. The stock has a market capitalization of $15.77 billion, a PE ratio of 76.02, a PEG ratio of 5.67 and a beta of 1.99. ON Semiconductor has a 12 month low of $13.48 and a 12 month high of $44.59. The company's 50-day moving average is $41.28 and its two-hundred day moving average is $35.19. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.40 and a current ratio of 2.11.
ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Sunday, May 2nd. The semiconductor company reported $0.35 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.34 by $0.01. The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. ON Semiconductor had a return on equity of 9.92% and a net margin of 3.87%. ON Semiconductor's quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.10 earnings per share. Equities analysts anticipate that ON Semiconductor will post 0.77 earnings per share for the current fiscal year.
In other news, VP Paul E. Rolls sold 29,261 shares of the firm's stock in a transaction that occurred on Friday, April 9th. The shares were sold at an average price of $42.58, for a total transaction of $1,245,933.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Emmanuel T. Hernandez sold 74,165 shares of the firm's stock in a transaction that occurred on Monday, March 8th. The stock was sold at an average price of $37.73, for a total transaction of $2,798,245.45. Following the sale, the director now owns 103,461 shares of the company's stock, valued at approximately $3,903,583.53. The disclosure for this sale can be found here. In the last three months, insiders have sold 113,413 shares of company stock worth $4,464,308. Insiders own 1.42% of the company's stock.
Several hedge funds have recently modified their holdings of ON. Baillie Gifford & Co. purchased a new position in ON Semiconductor in the 4th quarter valued at approximately $27,000. Jackson Grant Investment Advisers Inc. purchased a new position in ON Semiconductor in the 4th quarter valued at approximately $32,000. Focused Wealth Management Inc purchased a new position in ON Semiconductor in the 1st quarter valued at approximately $37,000. MPS Loria Financial Planners LLC purchased a new position in ON Semiconductor in the 1st quarter valued at approximately $41,000. Finally, International Assets Investment Management LLC purchased a new position in ON Semiconductor in the 4th quarter valued at approximately $43,000. Institutional investors own 98.89% of the company's stock.
About ON Semiconductor
ON Semiconductor Corporation, together with its subsidiaries, manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group (PSG), Advanced Solutions Group (ASG), and Intelligent Sensing Group (ISG). The PSG segment offers analog, discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions.
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