Technology

ON Semiconductor Corp (NASDAQ:ON) Analysts Revised its Target Price

ON Semiconductor Corp (NASDAQ:ON) exchanged hands 3,868,938 shares versus average trading capacity of 6.17M shares, yielding a market cap of $6.07B. Wall Street analysts covering the stock are projecting that the stock will reach $17.88 within the next 52-weeks. The mean target projections are based on 20 opinions, the mean target was last revised on 05/01/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have ON Semiconductor Corp (NASDAQ:ON) high price target of $22.00 and with a conservative view have low price target of $13.50 with a standard deviation of $1.98. If seeing target price from optimistic overview then it has a 53 percent upside potential from the latest closing price of $14.35.

ON Semiconductor Corp (NASDAQ:ON) received “Downgrade” rating by Credit Suisse in a research note issued to investors on Apr-11-17 from Neutral to Underperform.

Additionally on Feb-14-17 ON Semiconductor Corp (NASDAQ:ON) was “Reiterated” by Needham as Buy from $16 to $20 and on Feb-14-17 the stock was “Reiterated” by Mizuho as Buy from $16 to $17. Furthermore on Jan-04-17 the stock was “Upgraded” by Goldman from Neutral to Buy.

On the other hand the company has Relative Strength Index (RSI 14) of 41.73 along with Average True Range (ATR 14) of 0.42, Consequently ON Semiconductor Corp (NASDAQ:ON)’s weekly and monthly volatility is 2.44%, 2.73% respectively. The company’s beta value is at 2.01.

In terms of Buy, Sell or Hold recommendations, ON Semiconductor Corp (NASDAQ:ON) has an analysts’ mean recommendation of 2.00. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that ON Semiconductor Corp (NASDAQ:ON) will report earnings of $0.25 for the current quarter on or around 5/8/2017 Before Market Open, however the company’s high EPS estimates are $0.31 and low estimates are $0.22. However the company reported $0.17 earnings per share for the same quarter during last year.

Previously ON Semiconductor Corp (NASDAQ:ON) reported $0.32 earnings per share (EPS) for the quarter on 2/12/2017 Before Market Open, beating the consensus estimate of $0.23 by $0.09. The company posted an earnings surprise of 39.13%.

While considering growth estimates of the company, it has next quarter growth estimates of 47.60% whereas during current quarter it has 47.10% estimations over growth, comparing to the estimations of 35.20% during current year and 18.70% for next year. Past 5 years growth of ON Semiconductor Corp (NASDAQ:ON) observed at 18.15%, looking forward for the next 5 years it has a strong prediction of 22.41% over growth.

ON Semiconductor Corp (NASDAQ:ON)’s revenue estimates for the current quarter are $1.24B according to 16 number of analysts, for the current quarter the company has high revenue estimates of $1.25B in contradiction of low revenue estimates of $1.24B. For the current year the company’s revenue estimates are $5.12B compared to low analyst estimates of $5.12B and high estimates of $5.18B according 19 number of analysts.

Currently ON Semiconductor Corp (NASDAQ:ON)’s shares owned by insiders are 1.40%. However the six-month change in the insider ownership was recorded -16.50%, as well as three-month change in the institutional ownership was recorded -0.69%.

ON Semiconductor Corp (NASDAQ:ON) is trading -11.89% away from its 52 week high of $16.06 and +74.48% far from the stock’s low point over the past 52 weeks, which was $8.11. The stock hit its 52-week high on 02/22/17, and 52-week low on 07/06/16. The company’s trailing twelve month income is 182.10M dollars.

ON Semiconductor Corp (NASDAQ:ON)’s trailing twelve month revenues are $3.91B, whereas its price to sales ratio for the same period is 1.60. Its book value per share for the most recent quarter is $4.44 while its price to book ratio for the same period is 3.23. The stock has a current PEG ratio of 1.49 where as its trailing twelve month P/E ratio is 33.37.

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