Breaking: ON Semi (NASDAQ:ON) Hold Rating Reconfirmed by Jefferies Today; The TP Given is $16.0

September 17, 2017 - By Vivian Currie

 Breaking: ON Semi (NASDAQ:ON) Hold Rating Reconfirmed by Jefferies Today; The TP Given is $16.0

ON Semi (NASDAQ:ON) Rating Reaffirmed

Jefferies now has a $16.0 target price per share on the $7.33 billion market cap company or -7.94 % downside potential. In a research report sent to investors on 11 September, ON Semi (NASDAQ:ON) shares have had their Hold Rating reaffirmed by stock research analysts at Jefferies.

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 stock of ON Semiconductor Corp (NASDAQ:ON) earned “Hold” rating by KeyBanc Capital Markets on Monday, September 11. The rating was maintained by Mizuho on Monday, August 7 with “Buy”. The stock has “Buy” rating by B. Riley & Co on Tuesday, August 8. On Monday, November 2 the stock rating was maintained by Needham with “Buy”. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, October 26. The firm has “Buy” rating given on Tuesday, February 14 by Mizuho. As per Tuesday, September 20, the company rating was initiated by Deutsche Bank. The firm earned “Equal-Weight” rating on Tuesday, August 8 by Morgan Stanley. The firm has “Hold” rating given on Friday, August 14 by Drexel Hamilton. The firm has “Overweight” rating given on Monday, June 13 by Pacific Crest.

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 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 $168.70 million 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: Marketwatch.com which released: “Semiconductor stocks rise, on track for best week since July” on September 15, 2017, also Benzinga.com with their article: “2 Up, 2 Down: Goldman Adjusts Semiconductor Stock Ratings” published on September 13, 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: Streetinsider.com and their article: “Form 4 ON SEMICONDUCTOR CORP For: Sep 13 Filed by: COLPITTS BERNARD RAYMOND JR” published on September 15, 2017 as well as Bloomberg.com‘s news article titled: “Trump Blocks China-Backed Lattice Bid” with publication date: September 13, 2017.

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