ON Semiconductor (ON) Price Target Lowered to $21.00 at Citigroup

ON Semiconductor (NASDAQ:ON) had its price objective cut by Citigroup from $28.00 to $21.00 in a report published on Tuesday. They currently have a buy rating on the semiconductor company’s stock.

Several other research analysts have also weighed in on ON. Zacks Investment Research lowered shares of ON Semiconductor from a buy rating to a hold rating in a research note on Thursday, September 27th. Morgan Stanley lowered shares of ON Semiconductor from an equal weight rating to an underweight rating and dropped their price objective for the company from $20.00 to $18.50 in a research note on Thursday, August 9th. Raymond James lowered shares of ON Semiconductor from an outperform rating to a market perform rating and set a $32.00 price objective on the stock. in a research note on Tuesday, September 25th. KeyCorp assumed coverage on shares of ON Semiconductor in a research note on Tuesday, September 25th. They issued a sector weight rating and a $16.00 price objective on the stock. Finally, BidaskClub upgraded shares of ON Semiconductor from a strong sell rating to a sell rating in a research note on Thursday, August 30th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $24.70.

ON stock opened at $17.15 on Tuesday. ON Semiconductor has a 52-week low of $14.55 and a 52-week high of $27.10. The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 0.65. The company has a market cap of $6.23 billion, a PE ratio of 11.74, a PEG ratio of 0.67 and a beta of 2.00.



ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Sunday, October 28th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.07. ON Semiconductor had a net margin of 17.24% and a return on equity of 26.53%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the business earned $0.44 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. Equities research analysts anticipate that ON Semiconductor will post 1.84 EPS for the current fiscal year.

In other ON Semiconductor news, Director Paul Anthony Mascarenas sold 9,100 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The shares were sold at an average price of $18.16, for a total value of $165,256.00. Following the completion of the sale, the director now directly owns 57,104 shares of the company’s stock, valued at $1,037,008.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Hall sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $19.56, for a total transaction of $489,000.00. Following the completion of the sale, the executive vice president now directly owns 415,797 shares of the company’s stock, valued at $8,132,989.32. The disclosure for this sale can be found here. Insiders sold 39,494 shares of company stock valued at $768,883 over the last three months. Insiders own 1.29% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ON. Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of ON Semiconductor by 76.5% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,576 shares of the semiconductor company’s stock worth $326,000 after buying an additional 5,884 shares during the period. LPL Financial LLC boosted its holdings in shares of ON Semiconductor by 83.4% during the 1st quarter. LPL Financial LLC now owns 23,319 shares of the semiconductor company’s stock worth $570,000 after buying an additional 10,604 shares during the period. WINTON GROUP Ltd bought a new stake in shares of ON Semiconductor during the 1st quarter worth $574,000. Summit Trail Advisors LLC boosted its holdings in shares of ON Semiconductor by 14.6% during the 1st quarter. Summit Trail Advisors LLC now owns 36,985 shares of the semiconductor company’s stock worth $704,000 after buying an additional 4,722 shares during the period. Finally, Brown Advisory Inc. bought a new stake in shares of ON Semiconductor during the 1st quarter worth $950,000. 90.49% of the stock is owned by institutional investors.

ON Semiconductor Company Profile

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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