The ON Semiconductor Corp.’s (ON) “Neutral” Rating Reiterate at Goldman Sachs Group Inc.

The ON Semiconductor Corp.’s (ON) “Neutral” Rating Reiterate at Goldman Sachs Group Inc.

Goldman Sachs Group Inc. reaffirmed their neutral rating on shares of ON Semiconductor Corp. (NASDAQ:ON) in a report published on Wednesday. Goldman Sachs Group Inc. currently has a $13.00 target price on the stock.

ON has been the topic of a number of other research reports. Stephens raised ON Semiconductor Corp. from an equal weight rating to an overweight rating in a research note on Monday, October 3rd. JPMorgan Chase & Co. reissued a hold rating and issued a $13.50 price objective on shares of ON Semiconductor Corp. in a research note on Tuesday, September 20th. Needham & Company LLC reaffirmed a buy rating and set a $14.00 target price on shares of ON Semiconductor Corp. in a research report on Friday, September 16th. Credit Suisse Group AG reaffirmed a buy rating and set a $15.00 target price on shares of ON Semiconductor Corp. in a research report on Tuesday, September 20th. Finally, Vetr lowered ON Semiconductor Corp. from a buy rating to a hold rating and set a $11.91 target price on the stock. in a research report on Monday, October 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $13.64.

Shares of ON Semiconductor Corp. (NASDAQ:ON) opened at 11.53 on Wednesday. The firm has a 50-day moving average price of $11.65 and a 200-day moving average price of $10.22. ON Semiconductor Corp. has a 52 week low of $6.97 and a 52 week high of $12.69. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 29.56 and a beta of 1.75.

ON Semiconductor Corp. (NASDAQ:ON) last announced its quarterly earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.02. ON Semiconductor Corp. had a return on equity of 20.14% and a net margin of 4.70%. The company earned $877.80 million during the quarter, compared to analyst estimates of $854.55 million. During the same quarter in the previous year, the firm posted $0.22 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. On average, equities analysts expect that ON Semiconductor Corp. will post $0.85 earnings per share for the current fiscal year.

In related news, VP Paul E. Rolls sold 3,507 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $12.50, for a total transaction of $43,837.50. Following the completion of the transaction, the vice president now owns 265,345 shares of the company’s stock, valued at approximately $3,316,812.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Paul E. Rolls sold 5,246 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $12.00, for a total value of $62,952.00. Following the transaction, the vice president now directly owns 267,202 shares of the company’s stock, valued at approximately $3,206,424. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. World Asset Management Inc acquired a new position in ON Semiconductor Corp. during the third quarter valued at $203,000. Shell Asset Management Co. acquired a new position in ON Semiconductor Corp. during the third quarter valued at $1,293,000. Great West Life Assurance Co. Can boosted its position in ON Semiconductor Corp. by 8.1% in the third quarter. Great West Life Assurance Co. Can now owns 730,938 shares of the company’s stock valued at $9,016,000 after buying an additional 54,585 shares in the last quarter. YHB Investment Advisors Inc. boosted its position in ON Semiconductor Corp. by 19.2% in the third quarter. YHB Investment Advisors Inc. now owns 18,000 shares of the company’s stock valued at $222,000 after buying an additional 2,900 shares in the last quarter. Finally, Malaga Cove Capital LLC boosted its position in ON Semiconductor Corp. by 2.8% in the third quarter. Malaga Cove Capital LLC now owns 603,554 shares of the company’s stock valued at $7,469,000 after buying an additional 16,663 shares in the last quarter. 94.70% of the stock is owned by institutional investors and hedge funds.

ON Semiconductor Corp. Company Profile

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