ON Semiconductor (ON) – Research Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of ON Semiconductor (NASDAQ: ON) recently:

• 11/14/2023 – ON Semiconductor is now covered by analysts at Roth Mkm. They set a “buy” rating and a $75.00 price target on the stock.
• 10/31/2023 – ON Semiconductor had its price target lowered by analysts at Susquehanna from $110.00 to $90.00. They now have a “positive” rating on the stock.
• 10/31/2023 – ON Semiconductor had its price target lowered by analysts at KeyCorp from $125.00 to $95.00. They now have an “overweight” rating on the stock.
• 10/31/2023 – ON Semiconductor had its price target lowered by analysts at JPMorgan Chase & Co. from $118.00 to $95.00. They now have a “neutral” rating on the stock.
• 10/31/2023 – ON Semiconductor had its “neutral” rating reaffirmed by analysts at Robert W. Baird. They now have a $60.00 price target on the stock, down previously from $120.00.
• 10/31/2023 – ON Semiconductor had its price target lowered by analysts at Rosenblatt Securities from $100.00 to $75.00. They now have a “neutral” rating on the stock.
• 10/31/2023 – ON Semiconductor had its price target lowered by analysts at Morgan Stanley from $110.00 to $76.00. They now have an “equal weight” rating on the stock.
• 10/31/2023 – ON Semiconductor had its price target lowered by analysts at Mizuho from $120.00 to $98.00. They now have a “buy” rating on the stock.
• 10/31/2023 – ON Semiconductor had its price target lowered by analysts at Truist Financial Co. from $122.00 to $81.00. They now have a “buy” rating on the stock.
• 10/31/2023 – ON Semiconductor had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $106.00 to $93.00. They now have a “buy” rating on the stock.
• 10/31/2023 – ON Semiconductor had its price target lowered by analysts at Needham & Company LLC from $120.00 to $92.00. They now have a “buy” rating on the stock.
• 10/30/2023 – ON Semiconductor was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating. They now have a $78.00 price target on the stock, down previously from $132.00.
• 10/30/2023 – ON Semiconductor was downgraded by analysts at Summit Insights from a “buy” rating to a “hold” rating.
• 10/24/2023 – ON Semiconductor had its price target lowered by analysts at Susquehanna from $130.00 to $110.00. They now have a “positive” rating on the stock.
• 10/11/2023 – ON Semiconductor had its price target lowered by analysts at Morgan Stanley from $116.00 to $110.00. They now have an “equal weight” rating on the stock.
• 10/5/2023 – ON Semiconductor is now covered by analysts at StockNews.com. They set a “hold” rating on the stock.
• 10/4/2023 – ON Semiconductor was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating. They now have a $95.00 price target on the stock.

ON Semiconductor Trading Up 0.9 %

ON stock traded up $0.65 on Monday, hitting $70.68. 4,342,311 shares of the company were exchanged, compared to its average volume of 6,704,488. ON Semiconductor Corporation has a twelve month low of $59.61 and a twelve month high of $111.35. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.44 and a quick ratio of 1.60. The business’s fifty day moving average is $83.29 and its two-hundred day moving average is $89.57. The stock has a market capitalization of $30.44 billion, a price-to-earnings ratio of 14.25, a price-to-earnings-growth ratio of 3.36 and a beta of 1.84.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Monday, October 30th. The semiconductor company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.34 by $0.05. ON Semiconductor had a net margin of 26.69% and a return on equity of 33.78%. The company had revenue of $2.18 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the business earned $1.45 earnings per share. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, research analysts forecast that ON Semiconductor Corporation will post 5.13 earnings per share for the current year.

Insider Activity at ON Semiconductor

In related news, CAO Bernard Raymond Colpitts, Jr. sold 2,795 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $99.18, for a total transaction of $277,208.10. Following the completion of the sale, the chief accounting officer now directly owns 32,050 shares of the company’s stock, valued at approximately $3,178,719. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ON. Savoie Capital LLC bought a new position in shares of ON Semiconductor in the 3rd quarter worth about $465,000. Front Row Advisors LLC lifted its position in shares of ON Semiconductor by 1,436.9% in the 3rd quarter. Front Row Advisors LLC now owns 14,493 shares of the semiconductor company’s stock worth $1,347,000 after buying an additional 13,550 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of ON Semiconductor by 7.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 184,153 shares of the semiconductor company’s stock worth $17,117,000 after buying an additional 12,407 shares during the last quarter. Toroso Investments LLC lifted its position in shares of ON Semiconductor by 54.4% in the 3rd quarter. Toroso Investments LLC now owns 22,750 shares of the semiconductor company’s stock worth $2,115,000 after buying an additional 8,012 shares during the last quarter. Finally, iA Global Asset Management Inc. lifted its position in shares of ON Semiconductor by 3.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 57,454 shares of the semiconductor company’s stock worth $5,340,000 after buying an additional 1,822 shares during the last quarter. 96.36% of the stock is currently owned by institutional investors.

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.