ON Semiconductor (NASDAQ:ON) Price Target Raised to $72.00

by · The Markets Daily

ON Semiconductor (NASDAQ:ON – Free Report) had its price objective boosted by Mizuho from $60.00 to $72.00 in a research note published on Thursday,Benzinga reports. They currently have an outperform rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on ON. Citigroup dropped their target price on shares of ON Semiconductor from $52.00 to $40.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. UBS Group dropped their target price on shares of ON Semiconductor from $55.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, April 29th. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $42.00 target price on shares of ON Semiconductor in a report on Tuesday, May 6th. Robert W. Baird dropped their target price on shares of ON Semiconductor from $42.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, May 6th. Finally, Benchmark lowered their price target on shares of ON Semiconductor from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Tuesday, May 6th. Thirteen research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, ON Semiconductor has a consensus rating of “Moderate Buy” and a consensus price target of $56.08.

Get Our Latest Stock Analysis on ON

ON Semiconductor Trading Down 1.3%

Shares of NASDAQ:ON opened at $52.93 on Thursday. The company’s 50-day moving average price is $45.39 and its two-hundred day moving average price is $48.71. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.95 and a quick ratio of 3.32. ON Semiconductor has a one year low of $31.04 and a one year high of $80.08. The stock has a market capitalization of $22.12 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 4.32 and a beta of 1.39.

ON Semiconductor (NASDAQ:ON – Get Free Report) last issued its earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.40 billion. ON Semiconductor had a net margin of 9.51% and a return on equity of 17.40%. ON Semiconductor’s quarterly revenue was down 22.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.08 EPS. On average, equities analysts forecast that ON Semiconductor will post 2.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ON. Elequin Capital LP boosted its position in shares of ON Semiconductor by 108.3% during the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 274 shares in the last quarter. Costello Asset Management INC acquired a new stake in shares of ON Semiconductor during the 1st quarter worth approximately $26,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of ON Semiconductor during the 4th quarter worth approximately $43,000. Golden State Wealth Management LLC boosted its position in shares of ON Semiconductor by 83.3% during the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 320 shares in the last quarter. Finally, Plato Investment Management Ltd acquired a new stake in shares of ON Semiconductor during the 4th quarter worth approximately $51,000. 97.70% of the stock is owned by institutional investors.

About ON Semiconductor

(Get Free Report)

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.

Featured Articles