ON Semiconductor Corp (NASDAQ:ON)’s share price gapped up before the market opened on Friday . The stock had previously closed at $20.38, but opened at $20.81. ON Semiconductor shares last traded at $21.15, with a volume of 13076268 shares changing hands.

Several brokerages recently issued reports on ON. Vetr raised shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 price objective on the stock in a research note on Monday, January 22nd. Zacks Investment Research downgraded shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. ValuEngine raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub downgraded shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Mizuho upped their price objective on shares of ON Semiconductor from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, February 5th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $23.99.

The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $8,971.03, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 1.00 and a beta of 2.08.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. ON Semiconductor had a net margin of 14.63% and a return on equity of 23.64%. ON Semiconductor’s revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share. sell-side analysts expect that ON Semiconductor Corp will post 1.73 EPS for the current year.

In other news, COO William A. Schromm sold 54,366 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $21.18, for a total value of $1,151,471.88. Following the completion of the sale, the chief operating officer now owns 666,815 shares of the company’s stock, valued at $14,123,141.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daryl Ostrander sold 1,398 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $19.10, for a total transaction of $26,701.80. Following the completion of the sale, the director now directly owns 64,060 shares of the company’s stock, valued at approximately $1,223,546. The disclosure for this sale can be found here. Insiders sold 98,246 shares of company stock valued at $2,140,940 in the last three months. Company insiders own 1.60% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position in shares of ON Semiconductor by 6.0% in the third quarter. Janus Henderson Group PLC now owns 34,605,410 shares of the semiconductor company’s stock worth $639,162,000 after acquiring an additional 1,949,089 shares in the last quarter. Capital International Investors increased its position in shares of ON Semiconductor by 1.9% in the third quarter. Capital International Investors now owns 24,062,785 shares of the semiconductor company’s stock worth $444,440,000 after acquiring an additional 439,448 shares in the last quarter. Pictet Asset Management Ltd. increased its position in shares of ON Semiconductor by 16.8% in the third quarter. Pictet Asset Management Ltd. now owns 8,576,929 shares of the semiconductor company’s stock worth $158,416,000 after acquiring an additional 1,234,603 shares in the last quarter. LSV Asset Management increased its position in shares of ON Semiconductor by 63.1% in the fourth quarter. LSV Asset Management now owns 7,255,728 shares of the semiconductor company’s stock worth $151,934,000 after acquiring an additional 2,806,816 shares in the last quarter. Finally, TCW Group Inc. increased its position in shares of ON Semiconductor by 22.8% in the third quarter. TCW Group Inc. now owns 5,057,099 shares of the semiconductor company’s stock worth $93,405,000 after acquiring an additional 938,018 shares in the last quarter. 99.86% of the stock is owned by institutional investors.

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About ON Semiconductor

ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

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