ON Semiconductor (NASDAQ:ON - Get Free Report) had its price objective increased by investment analysts at Mizuho from $52.00 to $60.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an "outperform" rating on the semiconductor company's stock. Mizuho's price objective would indicate a potential upside of 13.28% from the stock's previous close.
Several other brokerages also recently commented on ON. Stifel Nicolaus cut their target price on ON Semiconductor from $52.00 to $42.00 and set a "hold" rating on the stock in a report on Thursday, April 17th. UBS Group cut their price target on ON Semiconductor from $55.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, April 29th. KGI Securities assumed coverage on shares of ON Semiconductor in a report on Friday, May 23rd. They issued a "neutral" rating on the stock. Wells Fargo & Company upped their target price on shares of ON Semiconductor from $45.00 to $60.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Citigroup decreased their target price on ON Semiconductor from $52.00 to $40.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Thirteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $55.62.
Check Out Our Latest Stock Report on ON
ON Semiconductor Stock Up 0.0%
ON stock traded up $0.03 during mid-day trading on Wednesday, reaching $52.97. The company had a trading volume of 1,406,627 shares, compared to its average volume of 8,157,108. ON Semiconductor has a 52 week low of $31.04 and a 52 week high of $80.08. The company has a market capitalization of $22.13 billion, a price-to-earnings ratio of 36.83, a PEG ratio of 4.39 and a beta of 1.39. 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 stock has a 50 day simple moving average of $42.57 and a two-hundred day simple moving average of $49.53.
ON Semiconductor (NASDAQ:ON - Get Free Report) last posted its earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. The business 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 firm's revenue was down 22.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.08 EPS. As a group, equities analysts predict that ON Semiconductor will post 2.6 earnings per share for the current fiscal year.
Hedge Funds Weigh In On ON Semiconductor
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of ON Semiconductor by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company's stock valued at $3,224,081,000 after purchasing an additional 344,354 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of ON Semiconductor by 9.2% during the 4th quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock valued at $780,387,000 after purchasing an additional 1,041,989 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of ON Semiconductor by 1.0% during the first quarter. Ameriprise Financial Inc. now owns 11,328,463 shares of the semiconductor company's stock worth $460,958,000 after buying an additional 110,735 shares in the last quarter. Norges Bank acquired a new stake in shares of ON Semiconductor in the fourth quarter valued at about $378,312,000. Finally, Baillie Gifford & Co. bought a new position in shares of ON Semiconductor in the 1st quarter valued at about $219,001,000. Hedge funds and other institutional investors own 97.70% of the company's stock.
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.
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