ON Semiconductor (NASDAQ:ON) Price Target Increased to $82.00 by Analysts at Susquehanna

ON Semiconductor (NASDAQ:ONGet Rating) had its price objective increased by Susquehanna from $77.00 to $82.00 in a research report released on Tuesday, The Fly reports. The brokerage currently has a maintains rating on the semiconductor company’s stock.

Several other equities analysts also recently issued reports on ON. Mizuho raised their price target on shares of ON Semiconductor from $68.00 to $72.00 and gave the company a buy rating in a research note on Tuesday. Citigroup lifted their target price on shares of ON Semiconductor from $73.00 to $75.00 and gave the stock a buy rating in a research note on Tuesday. Needham & Company LLC lowered their target price on shares of ON Semiconductor to $60.00 in a research note on Tuesday, July 5th. Bank of America lowered their target price on shares of ON Semiconductor from $80.00 to $65.00 and set a buy rating for the company in a research note on Wednesday, June 29th. Finally, Benchmark reissued a buy rating and set a $72.00 target price on shares of ON Semiconductor in a research note on Tuesday, May 3rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of $71.46.

ON Semiconductor Price Performance

Shares of NASDAQ:ON opened at $65.59 on Tuesday. The company has a market cap of $28.50 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 0.71 and a beta of 1.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.79 and a quick ratio of 1.83. The firm has a 50 day simple moving average of $56.87 and a 200 day simple moving average of $57.47. ON Semiconductor has a one year low of $40.85 and a one year high of $71.25.

ON Semiconductor (NASDAQ:ONGet Rating) last issued its quarterly earnings data on Monday, August 1st. The semiconductor company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.26 by $0.08. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.01 billion. ON Semiconductor had a net margin of 20.13% and a return on equity of 38.08%. The firm’s revenue was up 24.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 EPS. Research analysts predict that ON Semiconductor will post 4.9 earnings per share for the current fiscal year.

Insider Activity at ON Semiconductor

In other ON Semiconductor news, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $56.17, for a total value of $1,123,400.00. Following the sale, the chief executive officer now owns 261,162 shares of the company’s stock, valued at $14,669,469.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other ON Semiconductor news, EVP Vince Craig Hopkin sold 6,296 shares of ON Semiconductor stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $52.10, for a total value of $328,021.60. Following the sale, the executive vice president now owns 169,073 shares of the company’s stock, valued at $8,808,703.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Hassane El-Khoury sold 20,000 shares of ON Semiconductor stock in a transaction dated Monday, July 18th. The stock was sold at an average price of $56.17, for a total transaction of $1,123,400.00. Following the completion of the sale, the chief executive officer now directly owns 261,162 shares in the company, valued at approximately $14,669,469.54. The disclosure for this sale can be found here. 0.40% of the stock is owned by insiders.

Institutional Trading of ON Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of ON. Janney Montgomery Scott LLC raised its position in shares of ON Semiconductor by 181.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 30,428 shares of the semiconductor company’s stock valued at $2,067,000 after purchasing an additional 19,601 shares during the period. State of Michigan Retirement System grew its stake in ON Semiconductor by 163.6% during the fourth quarter. State of Michigan Retirement System now owns 20,036 shares of the semiconductor company’s stock valued at $1,361,000 after acquiring an additional 12,436 shares in the last quarter. National Asset Management Inc. purchased a new position in ON Semiconductor during the fourth quarter valued at approximately $229,000. Yousif Capital Management LLC purchased a new position in ON Semiconductor during the fourth quarter valued at approximately $644,000. Finally, CWM LLC purchased a new position in ON Semiconductor during the fourth quarter valued at approximately $46,000. Institutional investors own 92.86% of the company’s stock.

ON Semiconductor Company Profile

(Get Rating)

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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