ON has been the subject of several other reports. BNP Paribas started coverage on shares of ON Semiconductor in a research report on Friday, August 30th. They issued an outperform rating for the company. Cowen reissued an outperform rating and issued a $25.00 target price (down from $29.00) on shares of ON Semiconductor in a research report on Tuesday, August 6th. Zacks Investment Research downgraded shares of ON Semiconductor from a hold rating to a sell rating and set a $19.00 target price for the company. in a research report on Wednesday, October 9th. ValuEngine downgraded shares of ON Semiconductor from a hold rating to a sell rating in a research report on Monday, October 7th. Finally, Benchmark started coverage on shares of ON Semiconductor in a research report on Friday, September 20th. They issued a buy rating and a $26.00 target price for the company. Four analysts have rated the stock with a sell rating, two have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $24.41.
ON traded down $0.27 on Friday, reaching $18.84. 4,273,152 shares of the company traded hands, compared to its average volume of 5,001,992. The stock’s 50 day moving average price is $18.78 and its 200-day moving average price is $19.77. ON Semiconductor has a 52-week low of $14.55 and a 52-week high of $23.54. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 9.61, a PEG ratio of 1.86 and a beta of 2.18. The company has a debt-to-equity ratio of 1.08, a current ratio of 2.42 and a quick ratio of 1.41.
ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Sunday, August 4th. The semiconductor company reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. ON Semiconductor had a net margin of 9.49% and a return on equity of 25.36%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the firm posted $0.46 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis. As a group, equities research analysts forecast that ON Semiconductor will post 1.55 earnings per share for the current fiscal year.
In other news, EVP Simon Keeton sold 8,812 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $20.02, for a total value of $176,416.24. Following the completion of the sale, the executive vice president now directly owns 119,101 shares in the company, valued at $2,384,402.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Bernard Gutmann sold 43,266 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $18.79, for a total transaction of $812,968.14. Following the completion of the sale, the chief financial officer now owns 700,344 shares of the company’s stock, valued at $13,159,463.76. The disclosure for this sale can be found here. Insiders sold 93,545 shares of company stock valued at $1,901,658 over the last 90 days. 1.40% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in ON. First Trust Advisors LP raised its stake in ON Semiconductor by 99.5% during the 1st quarter. First Trust Advisors LP now owns 909,833 shares of the semiconductor company’s stock valued at $18,715,000 after purchasing an additional 453,695 shares during the last quarter. Marshall Wace LLP raised its stake in ON Semiconductor by 864,758.3% during the 1st quarter. Marshall Wace LLP now owns 207,566 shares of the semiconductor company’s stock valued at $4,269,000 after purchasing an additional 207,542 shares during the last quarter. Douglass Winthrop Advisors LLC acquired a new position in ON Semiconductor during the 2nd quarter valued at $630,000. Scout Investments Inc. raised its stake in ON Semiconductor by 6.4% during the 2nd quarter. Scout Investments Inc. now owns 823,740 shares of the semiconductor company’s stock valued at $16,648,000 after purchasing an additional 49,721 shares during the last quarter. Finally, First Hawaiian Bank raised its stake in ON Semiconductor by 21.8% during the 2nd quarter. First Hawaiian Bank now owns 72,375 shares of the semiconductor company’s stock valued at $1,463,000 after purchasing an additional 12,968 shares during the last quarter. Hedge funds and other institutional investors own 96.20% 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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