ON Semiconductor (ON) Stock Rating Lowered by ValuEngine

ON Semiconductor (NASDAQ:ON) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

Other research analysts also recently issued research reports about the company. Zacks Investment Research raised ON Semiconductor from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Monday, July 2nd. B. Riley upped their price objective on shares of ON Semiconductor from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Needham & Company LLC restated a “buy” rating and issued a $30.00 price objective on shares of ON Semiconductor in a research report on Monday, July 30th. Mizuho restated a “buy” rating and issued a $27.00 price objective on shares of ON Semiconductor in a research report on Monday, July 30th. Finally, Nomura assumed coverage on shares of ON Semiconductor in a research report on Wednesday, July 18th. They issued a “buy” rating and a $30.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $25.96.

ON stock opened at $14.62 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.91 and a current ratio of 1.54. The firm has a market capitalization of $6.23 billion, a PE ratio of 9.43, a P/E/G ratio of 0.62 and a beta of 2.00. ON Semiconductor has a twelve month low of $14.55 and a twelve month high of $27.10.



ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Sunday, July 29th. The semiconductor company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.43 billion. ON Semiconductor had a return on equity of 24.14% and a net margin of 16.66%. On average, analysts expect that ON Semiconductor will post 1.83 earnings per share for the current fiscal year.

In related news, EVP Vince Craig Hopkin sold 3,172 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $21.66, for a total value of $68,705.52. Following the completion of the sale, the executive vice president now directly owns 84,114 shares in the company, valued at approximately $1,821,909.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bernard Raymond Colpitts, Jr. sold 1,214 shares of the firm’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $21.44, for a total transaction of $26,028.16. Following the completion of the sale, the insider now owns 18,357 shares of the company’s stock, valued at $393,574.08. The disclosure for this sale can be found here. Insiders sold a total of 39,494 shares of company stock valued at $768,883 over the last quarter. 1.60% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of ON. Nisa Investment Advisors LLC acquired a new stake in ON Semiconductor during the second quarter worth approximately $1,351,000. Engine Capital Management LP acquired a new stake in ON Semiconductor during the second quarter worth approximately $273,000. Korea Investment CORP acquired a new stake in ON Semiconductor during the second quarter worth approximately $8,311,000. Point72 Asset Management L.P. lifted its position in ON Semiconductor by 47.6% during the second quarter. Point72 Asset Management L.P. now owns 405,966 shares of the semiconductor company’s stock worth $9,027,000 after acquiring an additional 130,966 shares during the last quarter. Finally, Stephens Investment Management Group LLC lifted its position in ON Semiconductor by 0.9% during the second quarter. Stephens Investment Management Group LLC now owns 498,803 shares of the semiconductor company’s stock worth $11,113,000 after acquiring an additional 4,355 shares during the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.

About ON Semiconductor

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

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Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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