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ON Semiconductor Corporation (NASDAQ:ON) Given Consensus Recommendation of "Hold" by Brokerages

ON Semiconductor logo with Computer and Technology background

ON Semiconductor Corporation (NASDAQ:ON - Get Free Report) has been assigned an average rating of "Hold" from the twenty-four analysts that are presently covering the firm, MarketBeat Ratings reports. Thirteen equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $56.13.

Several equities analysts have recently weighed in on the stock. Susquehanna lifted their target price on shares of ON Semiconductor from $50.00 to $75.00 and gave the company a "positive" rating in a report on Tuesday, July 22nd. KeyCorp lifted their price objective on shares of ON Semiconductor from $50.00 to $65.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Stifel Nicolaus upped their price objective on shares of ON Semiconductor from $42.00 to $50.00 and gave the stock a "hold" rating in a research report on Friday, July 18th. Loop Capital lowered their target price on shares of ON Semiconductor from $65.00 to $55.00 and set a "buy" rating on the stock in a research note on Tuesday, May 6th. Finally, KGI Securities began coverage on ON Semiconductor in a research note on Friday, May 23rd. They issued a "neutral" rating for the company.

Check Out Our Latest Stock Analysis on ON

Institutional Investors Weigh In On ON Semiconductor

Large investors have recently made changes to their positions in the business. Teacher Retirement System of Texas raised its holdings in shares of ON Semiconductor by 39.2% during the 4th quarter. Teacher Retirement System of Texas now owns 4,010 shares of the semiconductor company's stock valued at $253,000 after buying an additional 1,129 shares during the period. Blair William & Co. IL raised its stake in shares of ON Semiconductor by 52.7% during the fourth quarter. Blair William & Co. IL now owns 4,239 shares of the semiconductor company's stock valued at $267,000 after purchasing an additional 1,463 shares during the period. CIBC Private Wealth Group LLC lifted its position in shares of ON Semiconductor by 1.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 22,369 shares of the semiconductor company's stock worth $1,304,000 after purchasing an additional 378 shares in the last quarter. May Hill Capital LLC purchased a new position in shares of ON Semiconductor in the fourth quarter valued at $226,000. Finally, Huntington National Bank grew its holdings in ON Semiconductor by 8.9% during the 4th quarter. Huntington National Bank now owns 3,310 shares of the semiconductor company's stock valued at $209,000 after purchasing an additional 271 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

ON Semiconductor Stock Up 0.8%

Shares of NASDAQ ON traded up $0.46 during mid-day trading on Thursday, reaching $56.82. 14,272,434 shares of the company were exchanged, compared to its average volume of 9,950,889. ON Semiconductor has a 1 year low of $31.04 and a 1 year high of $78.61. The firm has a 50-day moving average of $53.52 and a 200 day moving average of $47.84. The stock has a market cap of $23.74 billion, a price-to-earnings ratio of 39.46, a P/E/G ratio of 4.77 and a beta of 1.43. 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 issued its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.04. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.40 billion. ON Semiconductor had a return on equity of 17.40% and a net margin of 9.51%. The company's quarterly revenue was down 22.4% on a year-over-year basis. During the same quarter last year, the company earned $1.08 earnings per share. On average, research analysts expect that ON Semiconductor will post 2.6 earnings per share for the current year.

ON Semiconductor Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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