ON Semiconductor (ON) Downgraded by Vetr

Vetr lowered shares of ON Semiconductor (NASDAQ:ON) from a buy rating to a hold rating in a research report released on Friday. Vetr currently has $25.52 price target on the semiconductor company’s stock.

A number of other equities analysts have also recently commented on the stock. Mizuho reaffirmed a buy rating and issued a $26.00 target price (up from $24.00) on shares of ON Semiconductor in a report on Friday, January 12th. BidaskClub raised shares of ON Semiconductor from a buy rating to a strong-buy rating in a report on Friday, January 5th. ValuEngine raised shares of ON Semiconductor from a hold rating to a buy rating in a report on Sunday, December 31st. Needham & Company LLC reaffirmed a buy rating and issued a $25.00 target price on shares of ON Semiconductor in a report on Tuesday, December 19th. Finally, Piper Jaffray Companies began coverage on shares of ON Semiconductor in a report on Monday, December 18th. They issued a neutral rating and a $21.00 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. ON Semiconductor currently has a consensus rating of Buy and an average price target of $22.26.

ON Semiconductor (NASDAQ:ON) traded up $0.30 during mid-day trading on Friday, reaching $25.04. 6,543,500 shares of the company’s stock were exchanged, compared to its average volume of 6,550,469. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. ON Semiconductor has a 12 month low of $13.06 and a 12 month high of $25.17. The firm has a market capitalization of $10,680.00, a PE ratio of 27.22, a P/E/G ratio of 0.82 and a beta of 2.02.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). ON Semiconductor had a return on equity of 22.97% and a net margin of 7.22%. equities analysts predict that ON Semiconductor will post 1.43 EPS for the current year.

In other ON Semiconductor news, COO William A. Schromm sold 54,366 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $21.18, for a total transaction of $1,151,471.88. Following the sale, the chief operating officer now directly owns 666,815 shares in the company, valued at approximately $14,123,141.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert A. Klosterboer sold 16,325 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $20.23, for a total transaction of $330,254.75. Following the sale, the executive vice president now owns 409,848 shares in the company, valued at $8,291,225.04. The disclosure for this sale can be found here. Insiders sold a total of 196,874 shares of company stock worth $4,259,209 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC boosted its position in shares of ON Semiconductor by 58.7% in the 2nd quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock worth $562,753,000 after buying an additional 14,818,360 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of ON Semiconductor by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 34,915,253 shares of the semiconductor company’s stock worth $490,210,000 after buying an additional 1,652,005 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of ON Semiconductor by 6.0% in the 3rd quarter. Janus Henderson Group PLC now owns 34,605,410 shares of the semiconductor company’s stock worth $639,162,000 after buying an additional 1,949,089 shares in the last quarter. Capital International Investors boosted its position in shares of ON Semiconductor by 1.9% in the 3rd quarter. Capital International Investors now owns 24,062,785 shares of the semiconductor company’s stock worth $444,440,000 after buying an additional 439,448 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of ON Semiconductor by 16.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 8,576,929 shares of the semiconductor company’s stock worth $158,416,000 after buying an additional 1,234,603 shares in the last quarter.

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About ON Semiconductor

ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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