ON Semiconductor (NASDAQ:ON – Get Free Report) had its price target dropped by Susquehanna from $110.00 to $90.00 in a report released on Tuesday, Benzinga reports. The firm currently has a “positive” rating on the semiconductor company’s stock. Susquehanna’s price target suggests a potential upside of 38.80% from the company’s previous close.
Several other analysts also recently commented on ON. StockNews.com started coverage on shares of ON Semiconductor in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Stifel Nicolaus raised their price objective on shares of ON Semiconductor from $98.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, August 1st. Mizuho lifted their price target on shares of ON Semiconductor from $112.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, August 1st. Wells Fargo & Company boosted their price target on shares of ON Semiconductor from $95.00 to $120.00 and gave the stock an “overweight” rating in a research note on Monday, July 24th. Finally, Craig Hallum cut shares of ON Semiconductor from a “buy” rating to a “hold” rating and decreased their price target for the stock from $132.00 to $78.00 in a research note on Monday. Fourteen research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, ON Semiconductor presently has an average rating of “Hold” and a consensus target price of $97.88.
Check Out Our Latest Stock Analysis on ON Semiconductor
ON Semiconductor Stock Up 3.5 %
ON Semiconductor (NASDAQ:ON – Get Free Report) last announced its quarterly earnings data on Monday, October 30th. The semiconductor company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.34 by $0.05. The firm had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $2.15 billion. ON Semiconductor had a net margin of 26.69% and a return on equity of 33.78%. The company’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $1.45 EPS. As a group, equities analysts forecast that ON Semiconductor will post 5.24 EPS for the current year.
Insider Activity at ON Semiconductor
In other ON Semiconductor news, Director Christine Y. Yan sold 3,624 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $92.16, for a total value of $333,987.84. Following the transaction, the director now directly owns 38,532 shares in the company, valued at approximately $3,551,109.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other ON Semiconductor news, CAO Bernard Raymond Colpitts, Jr. sold 2,795 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $99.18, for a total value of $277,208.10. Following the transaction, the chief accounting officer now directly owns 32,050 shares in the company, valued at approximately $3,178,719. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Christine Y. Yan sold 3,624 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $92.16, for a total transaction of $333,987.84. Following the completion of the sale, the director now directly owns 38,532 shares of the company’s stock, valued at approximately $3,551,109.12. The disclosure for this sale can be found here. 0.27% of the stock is currently owned by insiders.
Institutional Investors Weigh In On ON Semiconductor
Hedge funds have recently modified their holdings of the business. Newbridge Financial Services Group Inc. lifted its position in shares of ON Semiconductor by 175.0% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 275 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 175 shares during the period. Brown Brothers Harriman & Co. lifted its position in shares of ON Semiconductor by 95.5% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 348 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 170 shares during the period. SOA Wealth Advisors LLC. lifted its position in shares of ON Semiconductor by 100.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 400 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 200 shares during the period. FinTrust Capital Advisors LLC purchased a new stake in shares of ON Semiconductor in the 4th quarter worth approximately $25,000. Finally, Ancora Advisors LLC purchased a new stake in shares of ON Semiconductor in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 96.36% of the company’s stock.
ON Semiconductor Company Profile
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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