Today, ON Semiconductor Corp. (ON) Raised to Buy at Vetr Inc.

Today, ON Semiconductor Corp. (ON) Raised to Buy at Vetr Inc.

Vetr upgraded shares of ON Semiconductor Corp. (NASDAQ:ON) from a hold rating to a buy rating in a research note released on Thursday morning. Vetr currently has $12.48 target price on the stock.

Several other equities research analysts have also commented on ON. B. Riley restated a buy rating and set a $15.00 target price on shares of ON Semiconductor Corp. in a research report on Sunday, August 14th. Zacks Investment Research upgraded ON Semiconductor Corp. from a hold rating to a buy rating and set a $10.00 target price on the stock in a research report on Tuesday, July 12th. Jefferies Group upped their target price on ON Semiconductor Corp. from $10.50 to $13.00 and gave the company a hold rating in a research report on Tuesday, September 20th. Mizuho restated an outperform rating and set a $16.00 target price on shares of ON Semiconductor Corp. in a research report on Friday, September 9th. Finally, Deutsche Bank AG assumed coverage on ON Semiconductor Corp. in a research report on Tuesday, September 20th. They set a buy rating and a $15.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $13.69.

ON Semiconductor Corp. (NASDAQ:ON) opened at 11.51 on Thursday. The company has a market capitalization of $4.78 billion, a P/E ratio of 29.51 and a beta of 1.75. The firm has a 50-day moving average price of $11.45 and a 200-day moving average price of $10.09. ON Semiconductor Corp. has a 1-year low of $6.97 and a 1-year high of $12.69.

ON Semiconductor Corp. (NASDAQ:ON) last released its quarterly earnings results on Monday, August 8th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $877.80 million for the quarter, compared to analyst estimates of $854.55 million. During the same quarter in the previous year, the company posted $0.22 EPS. The business’s revenue was down .3% on a year-over-year basis. On average, analysts forecast that ON Semiconductor Corp. will post $0.85 EPS for the current fiscal year.

In other news, VP Paul E. Rolls sold 3,507 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $12.50, for a total value of $43,837.50. Following the completion of the transaction, the vice president now directly owns 265,345 shares of the company’s stock, valued at $3,316,812.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Paul E. Rolls sold 15,000 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $11.25, for a total value of $168,750.00. Following the completion of the transaction, the vice president now directly owns 277,202 shares of the company’s stock, valued at $3,118,522.50. The disclosure for this sale can be found here. 1.60% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in ON. Aperio Group LLC raised its position in ON Semiconductor Corp. by 39.5% in the first quarter. Aperio Group LLC now owns 51,425 shares of the company’s stock valued at $493,000 after buying an additional 14,561 shares in the last quarter. Ngam Advisors L.P. raised its position in ON Semiconductor Corp. by 5.4% in the first quarter. Ngam Advisors L.P. now owns 314,805 shares of the company’s stock valued at $3,019,000 after buying an additional 15,992 shares in the last quarter. Prudential Financial Inc. raised its position in ON Semiconductor Corp. by 1,713.4% in the first quarter. Prudential Financial Inc. now owns 1,426,694 shares of the company’s stock valued at $13,682,000 after buying an additional 1,348,020 shares in the last quarter. Menta Capital LLC raised its position in ON Semiconductor Corp. by 338.7% in the first quarter. Menta Capital LLC now owns 108,800 shares of the company’s stock valued at $1,043,000 after buying an additional 84,000 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its position in ON Semiconductor Corp. by 15.9% in the first quarter. Canada Pension Plan Investment Board now owns 1,156,300 shares of the company’s stock valued at $11,089,000 after buying an additional 159,000 shares in the last quarter. 94.70% of the stock is owned by institutional investors.

About ON Semiconductor Corp.

ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal integrated circuits (ICs), standard products, image sensors and custom devices for customers to solve their design challenges in advanced electronic systems and products. The Company operates through four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.

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