ON Semiconductor (NASDAQ:ON - Get Free Report) had its target price upped by research analysts at B. Riley from $40.00 to $56.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the semiconductor company's stock. B. Riley's price target suggests a potential upside of 5.46% from the stock's current price.
ON has been the topic of several other reports. UBS Group reduced their price objective on ON Semiconductor from $55.00 to $40.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 29th. KGI Securities started coverage on ON Semiconductor in a research note on Friday, May 23rd. They issued a "neutral" rating for the company. TD Cowen boosted their price objective on ON Semiconductor from $38.00 to $44.00 and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Wells Fargo & Company lifted their price target on ON Semiconductor from $45.00 to $60.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Stifel Nicolaus lowered their price objective 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. Thirteen analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $55.69.
View Our Latest Report on ON Semiconductor
ON Semiconductor Stock Performance
Shares of ON stock traded up $0.16 on Wednesday, hitting $53.10. The company's stock had a trading volume of 1,174,725 shares, compared to its average volume of 8,156,364. 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 company has a market capitalization of $22.19 billion, a PE ratio of 36.93, a PEG ratio of 4.39 and a beta of 1.39. ON Semiconductor has a fifty-two week low of $31.04 and a fifty-two week high of $80.08. The stock's 50 day moving average is $42.57 and its 200-day moving average is $49.53.
ON Semiconductor (NASDAQ:ON - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.40 billion. ON Semiconductor had a return on equity of 17.40% and a net margin of 9.51%. The company's revenue was down 22.4% on a year-over-year basis. During the same quarter last year, the company earned $1.08 EPS. Equities research analysts expect that ON Semiconductor will post 2.6 earnings per share for the current fiscal year.
Institutional Investors Weigh In On ON Semiconductor
A number of hedge funds have recently made changes to their positions in ON. Wealth Enhancement Advisory Services LLC lifted 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 purchasing an additional 2,209 shares during the last quarter. TCW Group Inc. lifted its position in shares of ON Semiconductor by 0.8% during the 4th quarter. TCW Group Inc. now owns 290,396 shares of the semiconductor company's stock valued at $18,309,000 after buying an additional 2,354 shares during the last quarter. Blair William & Co. IL lifted its position in shares of ON Semiconductor by 52.7% during the 4th quarter. Blair William & Co. IL now owns 4,239 shares of the semiconductor company's stock valued at $267,000 after buying an additional 1,463 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of ON Semiconductor by 3.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,488,254 shares of the semiconductor company's stock worth $156,884,000 after acquiring an additional 83,665 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in ON Semiconductor in the 4th quarter worth about $998,000. 97.70% of the stock is currently owned by institutional investors.
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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