Brokerage firm Jefferies Maintains its rating on ON Semiconductor Corp(NASDAQ:ON). In a research note issued to the investors, the brokerage major Raises the price-target to $10.50 per share. The shares have been rated Hold. The rating by Jefferies was issued on Aug 9, 2016.
In a different note, On Jun 13, 2016, Pacific Crest said it Upgrades its rating on ON Semiconductor Corp. The shares have been rated ‘Overweight’ by the firm. Stephens & Co. said it Initiates Coverage on ON Semiconductor Corp, according to a research note issued on Jun 2, 2016. The shares have been rated ‘Equal-weight’ by the firm. CLSA said it Initiates Coverage on ON Semiconductor Corp, according to a research note issued on May 25, 2016. The shares have been rated ‘Outperform’ by the firm.
ON Semiconductor Corp (ON) made into the market gainers list on Wednesdays trading session with the shares advancing 0.78% or 0.08 points. Due to strong positive momentum, the stock ended at $10.3, which is also near the day’s high of $10.39. The stock began the session at $10.22 and the volume stood at 26,84,788 shares. The 52-week high of the shares is $11.62 and the 52 week low is $6.97. The company has a current market capitalization of $4,280 M and it has 41,55,51,080 shares in outstanding.
ON Semiconductor Corp(ON) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $877.80M. Analysts had an estimated revenue of $854.55M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.19.
Several Insider Transactions has been reported to the SEC. On Mar 24, 2016, Bernard Gutmann (Exec VP & CFO) sold 30,000 shares at $9.44 per share price.Also, On Mar 4, 2016, Paul E Rolls (Exec VP Sales & Marketing) sold 40,782 shares at $8.89 per share price.On Mar 4, 2016, Daryl Ostrander (director) sold 5,700 shares at $9.05 per share price, according to the Form-4 filing with the securities and exchange commission.
ON Semiconductor Corporation offers a portfolio of analog digital and mixed signal ICs image sensors and custom devices for customers to solve their design challenges in electronic systems and products. The company operates through four segments: Application Products Group designs and develops analog mixed-signal and logic ASIC and ASSP solutions for end-users in the automotive consumer electronics computing industrial communications medical and military/aerospace markets. Image Sensor Group designs and develops CMOS and CCD image sensors and image processors for end-users in the automotive industrial consumer electronics wireless medical and military/aerospace markets. Standard Products Group offers discrete and integrated semiconductor products that perform multiple application functions. System Solutions Group designs and develops analog and mixed signal ICs DSPs analog and digital tuners intelligent power modules memory and discrete semiconductors.