ON Semiconductor (NASDAQ:ON) had its target price increased by B. Riley from $25.00 to $29.00 in a research report report published on Monday, MarketBeat.com reports. The firm currently has a buy rating on the semiconductor company’s stock. B. Riley also issued estimates for ON Semiconductor’s Q2 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.47 EPS, FY2018 earnings at $1.75 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $0.56 EPS, Q4 2019 earnings at $0.54 EPS, FY2019 earnings at $2.05 EPS and FY2020 earnings at $2.30 EPS.
Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded ON Semiconductor from a hold rating to a buy rating and set a $22.00 price objective for the company in a research report on Tuesday, October 17th. Robert W. Baird reiterated a buy rating and issued a $25.00 price objective on shares of ON Semiconductor in a research report on Tuesday, October 17th. Citigroup set a $23.50 price objective on ON Semiconductor and gave the stock a buy rating in a research report on Tuesday, October 24th. Mizuho reiterated a buy rating and issued a $24.00 price objective (up previously from $19.00) on shares of ON Semiconductor in a research report on Monday, November 6th. Finally, Craig Hallum raised their price objective on ON Semiconductor from $25.00 to $26.00 and gave the stock a buy rating in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $23.83.
Shares of ON Semiconductor (NASDAQ:ON) opened at $22.06 on Monday. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20. ON Semiconductor has a 52-week low of $13.65 and a 52-week high of $25.60. The company has a market capitalization of $9,360.00, a P/E ratio of 11.73, a price-to-earnings-growth ratio of 0.74 and a beta of 2.08.
In related news, EVP William Hall sold 22,583 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $23.86, for a total transaction of $538,830.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Daryl Ostrander sold 1,398 shares of the firm’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $19.10, for a total value of $26,701.80. Following the sale, the director now directly owns 64,060 shares of the company’s stock, valued at $1,223,546. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,183 shares of company stock valued at $2,742,144. 1.40% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. AGF Investments Inc. acquired a new stake in ON Semiconductor during the 4th quarter valued at $474,000. AGF Investments America Inc. bought a new position in ON Semiconductor in the 4th quarter valued at $2,470,000. Oppenheimer & Co. Inc. boosted its position in ON Semiconductor by 56.0% in the 4th quarter. Oppenheimer & Co. Inc. now owns 19,500 shares of the semiconductor company’s stock valued at $408,000 after buying an additional 7,000 shares during the last quarter. Swiss National Bank boosted its position in ON Semiconductor by 2.1% in the 4th quarter. Swiss National Bank now owns 718,100 shares of the semiconductor company’s stock valued at $15,037,000 after buying an additional 14,500 shares during the last quarter. Finally, Lisanti Capital Growth LLC bought a new position in ON Semiconductor in the 4th quarter valued at $412,000. 99.86% of the stock is owned by hedge funds and other institutional investors.
ON Semiconductor Company Profile
ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.
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