ON Semiconductor (NASDAQ:ON) Rating Increased to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of ON Semiconductor (NASDAQ:ON) from a neutral rating to an outperform rating in a research note published on Monday morning, Benzinga reports. The firm currently has $48.00 target price on the semiconductor company’s stock, up from their prior target price of $38.00.

Several other equities research analysts also recently commented on ON. Benchmark lifted their target price on shares of ON Semiconductor from $36.00 to $45.00 and gave the stock a buy rating in a research report on Tuesday, February 2nd. DA Davidson set a $3.75 target price on shares of ON Semiconductor in a research report on Wednesday, May 5th. JPMorgan Chase & Co. lifted their target price on shares of ON Semiconductor from $25.50 to $37.50 and gave the stock a neutral rating in a research report on Tuesday, February 2nd. Bank of America upgraded shares of ON Semiconductor from an underperform rating to a buy rating and set a $48.00 target price on the stock in a research report on Monday, March 1st. Finally, BMO Capital Markets lifted their target price on shares of ON Semiconductor from $25.00 to $35.00 and gave the stock a market perform rating in a research report on Monday, February 1st. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $39.93.

ON opened at $36.52 on Monday. The company’s 50 day moving average is $40.83 and its 200-day moving average is $35.71. ON Semiconductor has a 1-year low of $13.48 and a 1-year high of $44.59. The company has a current ratio of 2.11, a quick ratio of 1.40 and a debt-to-equity ratio of 1.03. The company has a market cap of $15.59 billion, a P/E ratio of 74.53, a PEG ratio of 5.67 and a beta of 1.99.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Sunday, May 2nd. The semiconductor company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.01. ON Semiconductor had a net margin of 3.87% and a return on equity of 9.92%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company posted $0.10 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities analysts forecast that ON Semiconductor will post 0.77 EPS for the current year.

In related news, Director Emmanuel T. Hernandez sold 74,165 shares of ON Semiconductor stock in a transaction on Monday, March 8th. The shares were sold at an average price of $37.73, for a total value of $2,798,245.45. Following the completion of the sale, the director now owns 103,461 shares of the company’s stock, valued at approximately $3,903,583.53. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Vince Craig Hopkin sold 1,000 shares of ON Semiconductor stock in a transaction on Friday, March 19th. The stock was sold at an average price of $39.26, for a total transaction of $39,260.00. Following the transaction, the executive vice president now directly owns 133,924 shares in the company, valued at $5,257,856.24. The disclosure for this sale can be found here. In the last three months, insiders sold 122,413 shares of company stock valued at $4,803,608. 1.42% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new position in shares of ON Semiconductor in the 4th quarter worth about $27,000. Jackson Grant Investment Advisers Inc. purchased a new position in shares of ON Semiconductor in the 4th quarter worth about $32,000. Focused Wealth Management Inc purchased a new position in shares of ON Semiconductor in the 1st quarter worth about $37,000. MPS Loria Financial Planners LLC purchased a new position in shares of ON Semiconductor in the 1st quarter worth about $41,000. Finally, Berman Capital Advisors LLC boosted its holdings in shares of ON Semiconductor by 101.0% in the 1st quarter. Berman Capital Advisors LLC now owns 1,009 shares of the semiconductor company’s stock worth $41,000 after buying an additional 507 shares during the last quarter. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

ON Semiconductor Company Profile

ON Semiconductor Corporation, together with its subsidiaries, manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group (PSG), Advanced Solutions Group (ASG), and Intelligent Sensing Group (ISG). The PSG segment offers analog, discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions.

Featured Story: What moving averages are used to define a golden cross?

Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.