ON Semiconductor Corp (NASDAQ:ON) has been given a consensus recommendation of “Hold” by the eighteen ratings firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $24.65.
ON has been the subject of a number of research analyst reports. Longbow Research lowered shares of ON Semiconductor from a “buy” rating to a “neutral” rating in a research report on Wednesday. Goldman Sachs Group raised shares of ON Semiconductor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $22.00 to $26.00 in a research report on Wednesday, March 27th. ValuEngine raised shares of ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Cowen initiated coverage on shares of ON Semiconductor in a research report on Friday, February 22nd. They set an “outperform” rating for the company. Finally, Needham & Company LLC reissued a “buy” rating and set a $27.00 target price on shares of ON Semiconductor in a research report on Monday, March 11th.
Shares of ON stock traded up $0.03 on Friday, hitting $22.62. The company’s stock had a trading volume of 5,253,280 shares, compared to its average volume of 6,034,661. The company has a current ratio of 2.16, a quick ratio of 1.32 and a debt-to-equity ratio of 0.82. ON Semiconductor has a fifty-two week low of $14.55 and a fifty-two week high of $26.38. The firm has a market cap of $9.32 billion, a PE ratio of 11.54, a PEG ratio of 1.73 and a beta of 2.03.
ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Friday, February 1st. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.05. ON Semiconductor had a net margin of 10.67% and a return on equity of 26.91%. The business had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. As a group, analysts forecast that ON Semiconductor will post 1.83 EPS for the current fiscal year.
In other news, Director Emmanuel T. Hernandez sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $22.00, for a total transaction of $220,000.00. Following the transaction, the director now owns 149,655 shares in the company, valued at approximately $3,292,410. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Emmanuel T. Hernandez sold 30,000 shares of the business’s stock in a transaction dated Friday, January 25th. The stock was sold at an average price of $20.01, for a total transaction of $600,300.00. Following the transaction, the director now owns 159,655 shares in the company, valued at approximately $3,194,696.55. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,000 shares of company stock worth $1,491,900. Insiders own 1.40% of the company’s stock.
Several large investors have recently bought and sold shares of the company. Huntington National Bank increased its stake in ON Semiconductor by 69.2% in the fourth quarter. Huntington National Bank now owns 1,926 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 788 shares during the period. Pearl River Capital LLC bought a new stake in ON Semiconductor in the fourth quarter valued at about $34,000. Enlightenment Research LLC bought a new stake in ON Semiconductor in the fourth quarter valued at about $36,000. Financial Gravity Companies Inc. bought a new stake in ON Semiconductor in the fourth quarter valued at about $56,000. Finally, Financial Gravity Wealth Inc. bought a new stake in ON Semiconductor in the first quarter valued at about $63,000. Institutional investors own 94.85% of the company’s stock.
About ON Semiconductor
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
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