ON has been the topic of several other research reports. ValuEngine upgraded shares of ON Semiconductor from a sell rating to a hold rating in a report on Wednesday, October 30th. Mizuho restated a buy rating and set a $25.00 target price on shares of ON Semiconductor in a research note on Sunday, October 27th. Benchmark assumed coverage on ON Semiconductor in a report on Friday, September 20th. They issued a buy rating and a $26.00 target price on the stock. TheStreet raised ON Semiconductor from a c+ rating to a b- rating in a research report on Thursday, December 5th. Finally, Raymond James upgraded ON Semiconductor from a market perform rating to a strong-buy rating and set a $21.00 price target for the company in a report on Monday, August 19th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of Buy and an average price target of $25.04.
ON traded up $0.25 during trading on Monday, reaching $22.08. 40,658 shares of the stock traded hands, compared to its average volume of 3,544,569. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 1.47 and a beta of 2.19. ON Semiconductor has a fifty-two week low of $15.06 and a fifty-two week high of $23.54. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.54 and a quick ratio of 0.92. The stock’s 50-day simple moving average is $21.05 and its two-hundred day simple moving average is $19.56.
ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Sunday, October 27th. The semiconductor company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.38 billion. ON Semiconductor had a net margin of 5.71% and a return on equity of 21.95%. ON Semiconductor’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.57 EPS. Research analysts anticipate that ON Semiconductor will post 1.51 earnings per share for the current fiscal year.
In other news, CFO Bernard Gutmann sold 43,266 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $18.79, for a total transaction of $812,968.14. Following the completion of the transaction, the chief financial officer now directly owns 700,344 shares of the company’s stock, valued at approximately $13,159,463.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO William A. Schromm sold 10,000 shares of ON Semiconductor stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $22.01, for a total transaction of $220,100.00. Following the sale, the chief operating officer now owns 716,413 shares in the company, valued at $15,768,250.13. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,535 shares of company stock valued at $1,737,379. Insiders own 1.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC lifted its stake in ON Semiconductor by 19.4% during the second quarter. Janus Henderson Group PLC now owns 36,912,800 shares of the semiconductor company’s stock worth $746,008,000 after purchasing an additional 6,008,620 shares during the period. Point72 Asset Management L.P. grew its stake in shares of ON Semiconductor by 185.3% in the 2nd quarter. Point72 Asset Management L.P. now owns 5,706,798 shares of the semiconductor company’s stock valued at $115,334,000 after purchasing an additional 3,706,611 shares during the period. Villere ST Denis J & Co. LLC bought a new stake in shares of ON Semiconductor in the 2nd quarter valued at approximately $68,973,000. Nuveen Asset Management LLC grew its stake in shares of ON Semiconductor by 206.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,681,173 shares of the semiconductor company’s stock valued at $74,397,000 after purchasing an additional 2,481,156 shares during the period. Finally, Westfield Capital Management Co. LP grew its stake in shares of ON Semiconductor by 120.4% in the 2nd quarter. Westfield Capital Management Co. LP now owns 4,101,364 shares of the semiconductor company’s stock valued at $82,889,000 after purchasing an additional 2,240,369 shares during the period. 96.89% of the stock is currently owned by institutional investors and hedge funds.
ON Semiconductor Company Profile
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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