TOday’s Movers: ON Semi (NASDAQ:ON) Stock Rating Reconfirmed by Analysts at Jefferies; $16.0 Target Price Indicates -7.94 % Potential

September 17, 2017 - By Kurt Siggers

 TOday’s Movers: ON Semi (NASDAQ:ON) Stock Rating Reconfirmed by Analysts at Jefferies; $16.0 Target Price Indicates  7.94 % Potential

ON Semi (NASDAQ:ON) Rating Reaffirmed

The financial company has just set a PT of $16.0 on ON Semi (NASDAQ:ON) shares. This is -7.94 % from the current stock price. In a note shared with investors and clients on Monday, 11 September, Jefferies maintained their “Hold” rating on shares of ON.

ON Semiconductor Corp (NASDAQ:ON) Ratings Coverage

Among 20 analysts covering ON Semiconductor Corp. (NASDAQ:ON), 11 have Buy rating, 1 Sell and 8 Hold. Therefore 55% are positive. ON Semiconductor Corp. has $21 highest and $9.50 lowest target. $16.23’s average target is -6.62% below currents $17.38 stock price. ON Semiconductor Corp. had 40 analyst reports since August 4, 2015 according to SRatingsIntel. Morgan Stanley upgraded ON Semiconductor Corp (NASDAQ:ON) on Thursday, September 22 to “Equal-Weight” rating. The company was downgraded on Monday, August 17 by TheStreet. The rating was maintained by KeyBanc Capital Markets on Monday, September 11 with “Hold”. Mizuho maintained the shares of ON in report on Monday, August 7 with “Buy” rating. Drexel Hamilton downgraded ON Semiconductor Corp (NASDAQ:ON) on Friday, August 14 to “Hold” rating. The firm has “Underperform” rating by Credit Suisse given on Tuesday, August 8. The firm has “Buy” rating given on Tuesday, September 20 by Stifel Nicolaus. The rating was maintained by Jefferies on Monday, July 10 with “Hold”. B. Riley & Co maintained the stock with “Buy” rating in Tuesday, August 8 report. Goldman Sachs maintained the stock with “Neutral” rating in Wednesday, October 26 report.

The stock increased 2.84% or $0.48 on September 15, reaching $17.38. About 7.79 million shares traded or 24.64% up from the average. ON Semiconductor Corp (NASDAQ:ON) has risen 70.76% since September 17, 2016 and is uptrending. It has outperformed by 54.06% the S&P500.

Analysts expect ON Semiconductor Corp (NASDAQ:ON) to report $0.40 EPS on November, 6.They anticipate $0.17 EPS change or 73.91 % from last quarter’s $0.23 EPS. ON’s profit would be $168.70M giving it 10.86 P/E if the $0.40 EPS is correct. After having $0.26 EPS previously, ON Semiconductor Corp’s analysts see 53.85 % EPS growth.

ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip , analog, logic, timing, and discrete devices. The company has market cap of $7.33 billion. The Company’s divisions include Power Solutions Group, Analog Solutions Group and Image Sensor Group. It has a 25.27 P/E ratio. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.

More notable recent ON Semiconductor Corp (NASDAQ:ON) news were published by: Bloomberg.com which released: “Trump Blocks China-Backed Lattice Bid” on September 13, 2017, also Streetinsider.com with their article: “Form 4 ON SEMICONDUCTOR CORP For: Sep 13 Filed by: COLPITTS BERNARD RAYMOND JR” published on September 15, 2017, Marketwatch.com published: “Semiconductor stocks rise, on track for best week since July” on September 15, 2017. More interesting news about ON Semiconductor Corp (NASDAQ:ON) were released by: Benzinga.com and their article: “2 Up, 2 Down: Goldman Adjusts Semiconductor Stock Ratings” published on September 13, 2017 as well as Investorplace.com‘s news article titled: “3 Stocks to Watch on Thursday: Lattice Semiconductor Corp (LSCC), Tenet …” with publication date: September 14, 2017.

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