-7.94 % to Target, Jefferies Maintains ‘”Hold”’ Rating on ON Semi (NASDAQ:ON) Shares Today

September 17, 2017 - By Marie Mckinney

  7.94 % to Target, Jefferies Maintains ‘

ON Semi (NASDAQ:ON) Rating Reaffirmed

In a research note revealed to investors this morning, Jefferies restate their “Hold” rating on ON Semi (NASDAQ:ON) shares. The target price per share suggests a possible downside of -7.94 % from company’s last stock price.

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. The firm earned “Buy” rating on Tuesday, September 20 by Deutsche Bank. The firm has “Equal-Weight” rating given on Thursday, June 2 by Stephens. The firm has “Hold” rating given on Wednesday, August 5 by Jefferies. As per Tuesday, July 11, the company rating was maintained by Mizuho. The stock of ON Semiconductor Corp (NASDAQ:ON) earned “Buy” rating by Mizuho on Tuesday, February 14. The firm has “Buy” rating given on Tuesday, February 14 by Needham. Goldman Sachs upgraded ON Semiconductor Corp (NASDAQ:ON) on Wednesday, January 4 to “Buy” rating. The firm earned “Buy” rating on Monday, August 7 by Mizuho. On Monday, November 2 the stock rating was maintained by Needham with “Buy”. As per Monday, September 11, the company rating was maintained by Jefferies.

The stock increased 2.84% or $0.48 on September 15, reaching $17.38. About 7.79M 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 await ON Semiconductor Corp (NASDAQ:ON) to report earnings on November, 6. They expect $0.40 EPS, up 73.91 % or $0.17 from last year’s $0.23 per share. ON’s profit will be $168.70 million for 10.86 P/E if the $0.40 EPS becomes a reality. After $0.26 actual EPS reported by ON Semiconductor Corp for the previous quarter, Wall Street now forecasts 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, Investorplace.com published: “3 Stocks to Watch on Thursday: Lattice Semiconductor Corp (LSCC), Tenet …” on September 14, 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 Marketwatch.com‘s news article titled: “Semiconductor stocks rise, on track for best week since July” with publication date: September 15, 2017.

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