ON Semiconductor (NASDAQ:ON - Get Free Report) had its price objective boosted by research analysts at Stifel Nicolaus from $42.00 to $50.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a "hold" rating on the semiconductor company's stock. Stifel Nicolaus' target price would suggest a potential downside of 15.97% from the stock's current price.
Other equities research analysts have also recently issued reports about the company. Rosenblatt Securities restated a "neutral" rating and set a $42.00 price objective on shares of ON Semiconductor in a research note on Tuesday, May 6th. TD Cowen upped their price objective on ON Semiconductor from $38.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Needham & Company LLC decreased their price objective on ON Semiconductor from $57.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Loop Capital decreased their price objective on ON Semiconductor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group started coverage on ON Semiconductor in a research report on Thursday, July 10th. They issued a "neutral" rating and a $60.00 price objective for the company. Fourteen analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $58.15.
Get Our Latest Analysis on ON Semiconductor
ON Semiconductor Trading Up 0.2%
ON stock traded up $0.10 during midday trading on Friday, reaching $59.51. 740,328 shares of the company traded hands, compared to its average volume of 9,817,917. ON Semiconductor has a 52-week low of $31.04 and a 52-week high of $80.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.32 and a current ratio of 4.95. The business has a 50 day moving average of $50.58 and a 200-day moving average of $47.96. The firm has a market capitalization of $24.87 billion, a price-to-earnings ratio of 41.32, a P/E/G ratio of 4.91 and a beta of 1.43.
ON Semiconductor (NASDAQ:ON - Get Free Report) last released its 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 firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations 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 in the prior year, the firm posted $1.08 earnings per share. As a group, sell-side analysts expect that ON Semiconductor will post 2.6 earnings per share for the current fiscal year.
Institutional Trading of ON Semiconductor
Several hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC raised its stake in ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock valued at $29,000 after buying an additional 320 shares in the last quarter. Sowell Financial Services LLC acquired a new stake in ON Semiconductor in the first quarter valued at $222,000. Wealth Enhancement Advisory Services LLC raised its stake in ON Semiconductor by 15.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,975 shares of the semiconductor company's stock valued at $1,070,000 after buying an additional 2,209 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in ON Semiconductor by 57.0% in the first quarter. Exchange Traded Concepts LLC now owns 6,482 shares of the semiconductor company's stock valued at $264,000 after buying an additional 2,353 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in ON Semiconductor by 1,453.0% in the first quarter. Teacher Retirement System of Texas now owns 62,274 shares of the semiconductor company's stock valued at $2,534,000 after buying an additional 58,264 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors and hedge funds.
About ON Semiconductor
(
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.
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