ON Semiconductor Corporation (NASDAQ:ON) Receives Average Rating of "Moderate Buy" from Analysts

Shares of ON Semiconductor Corporation (NASDAQ:ON - Get Free Report) have received an average recommendation of "Moderate Buy" from the twenty-six ratings firms that are covering the company, MarketBeat Ratings reports. Twelve research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $56.08.

A number of equities research analysts have commented on ON shares. Loop Capital dropped their price objective on shares of ON Semiconductor from $65.00 to $55.00 and set a "buy" rating on the stock in a research report on Tuesday, May 6th. Robert W. Baird dropped their price objective on shares of ON Semiconductor from $42.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 6th. Wells Fargo & Company increased their price objective on shares of ON Semiconductor from $45.00 to $60.00 and gave the company an "overweight" rating in a research report on Monday, June 16th. Morgan Stanley started coverage on shares of ON Semiconductor in a research report on Monday, May 12th. They issued an "equal weight" rating and a $39.00 price objective on the stock. Finally, B. Riley reissued a "neutral" rating and issued a $56.00 price objective (up from $40.00) on shares of ON Semiconductor in a research report on Wednesday, June 18th.

ON Semiconductor Stock Up 1.5%

Shares of ON stock traded up $0.85 during trading on Friday, reaching $56.80. The company's stock had a trading volume of 5,572,172 shares, compared to its average volume of 8,320,801. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.95 and a quick ratio of 3.32. The company has a market capitalization of $23.73 billion, a price-to-earnings ratio of 39.44, a P/E/G ratio of 4.67 and a beta of 1.43. The stock's 50-day moving average price is $47.17 and its 200 day moving average price is $48.32. ON Semiconductor has a 1-year low of $31.04 and a 1-year high of $80.08.

ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. ON Semiconductor had a net margin of 9.51% and a return on equity of 17.40%. The firm had revenue of $1.45 billion during the quarter, compared to analysts' expectations of $1.40 billion. During the same quarter in the previous year, the business posted $1.08 earnings per share. The business's quarterly revenue was down 22.4% compared to the same quarter last year. On average, research analysts anticipate that ON Semiconductor will post 2.6 EPS for the current year.

Institutional Trading of ON Semiconductor

Large investors have recently bought and sold shares of the business. Elequin Capital LP raised its position in ON Semiconductor by 108.3% during the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock worth $33,000 after buying an additional 274 shares during the last quarter. Costello Asset Management INC purchased a new position in shares of ON Semiconductor in the 1st quarter valued at about $26,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of ON Semiconductor in the 4th quarter valued at about $43,000. Golden State Wealth Management LLC increased its holdings in shares of ON Semiconductor by 83.3% in the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 320 shares in the last quarter. Finally, Rakuten Securities Inc. increased its holdings in shares of ON Semiconductor by 434.6% in the 4th quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company's stock valued at $54,000 after purchasing an additional 691 shares in the last quarter. Institutional investors and hedge funds own 97.70% of the company's stock.

About ON Semiconductor

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.