ON Semiconductor (ON) Price Target Increased to $26.00 by Analysts at Mizuho

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ON Semiconductor (NASDAQ:ON) had its target price upped by Mizuho from $25.00 to $26.00 in a report released on Tuesday morning, BenzingaRatingsTable reports. Mizuho currently has a buy rating on the semiconductor company’s stock.

Several other equities research analysts also recently weighed in on ON. Zacks Investment Research upgraded shares of ON Semiconductor from a sell rating to a hold rating in a research note on Monday, January 28th. ValuEngine upgraded shares of ON Semiconductor from a sell rating to a hold rating in a research note on Tuesday, April 9th. Longbow Research downgraded shares of ON Semiconductor from a buy rating to a neutral rating in a research note on Wednesday, April 17th. BidaskClub downgraded shares of ON Semiconductor from a hold rating to a sell rating in a research note on Wednesday, March 27th. Finally, B. Riley restated a buy rating and issued a $30.00 target price (up from $27.00) on shares of ON Semiconductor in a research note on Monday, March 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. ON Semiconductor currently has a consensus rating of Hold and a consensus price target of $25.11.

Shares of NASDAQ ON traded up $0.26 during midday trading on Tuesday, reaching $23.19. 141,518 shares of the company’s stock traded hands, compared to its average volume of 6,923,170. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.32 and a current ratio of 2.31. ON Semiconductor has a one year low of $14.55 and a one year high of $26.38. The company has a market cap of $9.51 billion, a PE ratio of 11.86, a P/E/G ratio of 1.78 and a beta of 2.05.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. ON Semiconductor had a net margin of 10.22% and a return on equity of 26.54%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm earned $0.31 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts forecast that ON Semiconductor will post 1.82 earnings per share for the current fiscal year.

In other ON Semiconductor news, Director Emmanuel T. Hernandez sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $22.59, for a total value of $225,900.00. Following the completion of the transaction, the director now owns 119,655 shares of the company’s stock, valued at $2,703,006.45. The transaction was disclosed in a filing with the SEC, which is available at this link. In the last ninety days, insiders sold 40,000 shares of company stock valued at $891,600. Corporate insiders own 1.40% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Huntington National Bank increased its holdings in ON Semiconductor by 69.2% in the fourth quarter. Huntington National Bank now owns 1,926 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 788 shares in the last quarter. Pearl River Capital LLC purchased a new position in ON Semiconductor in the fourth quarter valued at $34,000. Private Capital Group LLC increased its holdings in ON Semiconductor by 116.8% in the first quarter. Private Capital Group LLC now owns 2,096 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 1,129 shares in the last quarter. Enlightenment Research LLC purchased a new position in ON Semiconductor in the fourth quarter valued at $36,000. Finally, Financial Gravity Companies Inc. purchased a new position in ON Semiconductor in the fourth quarter valued at $56,000. 95.12% of the stock is owned by institutional investors.

About ON Semiconductor

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

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Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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