ON Semiconductor (NASDAQ:ON) Price Target Raised to $75.00 at Deutsche Bank Aktiengesellschaft

ON Semiconductor (NASDAQ:ONGet Rating) had its price target upped by Deutsche Bank Aktiengesellschaft from $65.00 to $75.00 in a research report report published on Tuesday, The Fly reports. They currently have a maintains rating on the semiconductor company’s stock.

ON has been the subject of a number of other research reports. Morgan Stanley raised their price target on shares of ON Semiconductor from $56.00 to $65.00 and gave the company an equal weight rating in a report on Tuesday. Bank of America lowered their price target on shares of ON Semiconductor from $80.00 to $65.00 and set a buy rating for the company in a report on Wednesday, June 29th. The Goldman Sachs Group lowered their price target on shares of ON Semiconductor from $74.00 to $60.00 in a report on Friday, July 15th. Mizuho raised their price target on shares of ON Semiconductor from $68.00 to $72.00 and gave the company a buy rating in a report on Tuesday. Finally, Susquehanna raised their price target on shares of ON Semiconductor from $77.00 to $82.00 and gave the company a maintains rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $71.46.

ON Semiconductor Stock Performance

NASDAQ:ON opened at $65.59 on Tuesday. ON Semiconductor has a 1 year low of $40.85 and a 1 year high of $71.25. The firm has a 50 day moving average of $56.87 and a 200-day moving average of $57.47. The company has a current ratio of 2.79, a quick ratio of 1.83 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $28.50 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 0.71 and a beta of 1.82.

ON Semiconductor (NASDAQ:ONGet Rating) last posted its earnings results on Monday, August 1st. The semiconductor company reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.08. ON Semiconductor had a net margin of 20.13% and a return on equity of 38.08%. The company had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company posted $0.63 earnings per share. ON Semiconductor’s quarterly revenue was up 24.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that ON Semiconductor will post 4.9 EPS for the current fiscal year.

Insider Activity

In related news, EVP Vince Craig Hopkin sold 6,296 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $52.10, for a total value of $328,021.60. Following the sale, the executive vice president now directly owns 169,073 shares of the company’s stock, valued at approximately $8,808,703.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Vince Craig Hopkin sold 6,296 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $52.10, for a total value of $328,021.60. Following the sale, the executive vice president now directly owns 169,073 shares of the company’s stock, valued at approximately $8,808,703.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Hassane El-Khoury sold 20,000 shares of the business’s stock in a transaction on Monday, July 18th. The shares were sold at an average price of $56.17, for a total transaction of $1,123,400.00. Following the completion of the sale, the chief executive officer now directly owns 261,162 shares in the company, valued at $14,669,469.54. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On ON Semiconductor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Shaker Investments LLC OH bought a new stake in ON Semiconductor during the 1st quarter worth about $973,000. Norges Bank bought a new stake in ON Semiconductor during the 4th quarter worth about $373,702,000. Ameritas Advisory Services LLC bought a new stake in ON Semiconductor during the 1st quarter worth about $683,000. CVA Family Office LLC lifted its position in ON Semiconductor by 222.2% during the 1st quarter. CVA Family Office LLC now owns 725 shares of the semiconductor company’s stock worth $45,000 after buying an additional 500 shares in the last quarter. Finally, Laidlaw Wealth Management LLC bought a new stake in ON Semiconductor during the 4th quarter worth about $206,000. 92.86% of the stock is owned by institutional investors.

About ON Semiconductor

(Get Rating)

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.

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