ON Semiconductor (ON) Stock Price Down 5.7%

ON Semiconductor Corp (NASDAQ:ON)’s share price was down 5.7% during mid-day trading on Thursday . The stock traded as low as $20.80 and last traded at $20.81. Approximately 9,927,407 shares changed hands during trading, an increase of 19% from the average daily volume of 8,355,074 shares. The stock had previously closed at $22.06.

Several equities research analysts have recently weighed in on ON shares. Credit Suisse Group upped their price objective on ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a research note on Tuesday, November 7th. Summit Redstone lowered ON Semiconductor to a “hold” rating in a research note on Monday, November 6th. Mizuho reiterated a “buy” rating and issued a $26.00 price objective (up from $24.00) on shares of ON Semiconductor in a research note on Friday, January 12th. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor in a research note on Monday, December 11th. Finally, B. Riley upped their price objective on ON Semiconductor from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. 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 stock. The company presently has an average rating of “Buy” and an average target price of $23.99.

The stock has a market capitalization of $9,120.00, a PE ratio of 11.25, a P/E/G ratio of 0.98 and a beta of 2.08. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Friday, February 2nd. The semiconductor company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. ON Semiconductor had a return on equity of 23.64% and a net margin of 14.63%. ON Semiconductor’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 EPS. research analysts forecast that ON Semiconductor Corp will post 1.73 earnings per share for the current fiscal year.

In other ON Semiconductor news, EVP George H. Cave sold 3,000 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $22.85, for a total transaction of $68,550.00. Following the transaction, the executive vice president now owns 394,570 shares of the company’s stock, valued at approximately $9,015,924.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William Hall sold 22,583 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $23.86, for a total value of $538,830.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,246 shares of company stock worth $2,140,940. 1.60% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of ON. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of ON Semiconductor in the 4th quarter valued at $101,000. BB&T Securities LLC acquired a new position in shares of ON Semiconductor in the 3rd quarter valued at $187,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of ON Semiconductor in the 3rd quarter valued at $200,000. American International Group Inc. acquired a new position in shares of ON Semiconductor in the 4th quarter valued at $206,000. Finally, Ifrah Financial Services Inc. acquired a new position in shares of ON Semiconductor in the 4th quarter valued at $208,000. 99.86% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: “ON Semiconductor (ON) Stock Price Down 5.7%” was originally published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://sportsperspectives.com/2018/02/10/on-semiconductor-on-stock-price-down-5-7.html.

ON Semiconductor Company Profile

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.

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.

Latest News

Leave a Reply