ON Semi (NASDAQ: ON) received a Buy rating and a $13 price target from KeyBanc analyst Michael McConnell on July 4. The company’s shares closed yesterday at $8.46.
According to TipRanks.com, McConnell is a 4-star analyst with an average return of 3.5% and a 61.9% success rate. McConnell covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Silicon Laboratories, and Skyworks Solutions.
Currently, the analyst consensus on ON Semi is Strong Buy and the average price target is $12.17, representing a 43.9% upside.
In a report issued on June 24, Needham also reiterated a Buy rating on the stock with a $14 price target.
ON Semi`s market cap is currently $3.51B and has a P/E ratio of 18.8. The company has a book value ratio of 2.1212%.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is neutral on the stock. Most recently, in March 2016, Paul Rolls, a the Exec VP Sales & Marketing of ON sold 51,194 shares for a total of $455,635.
ON Semiconductor Corp. is a supplier of silicon solutions for energy efficient electronics, which engages in the designs, manufactures and markets portfolio of semiconductor components that address the design needs of electronic systems and products. It operates through four reportable segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group. The Application Products Group segment designs and develops analog, mixed-signal and advanced logic ASIC and ASSP solutions for a broad base of end-users in the automotive, consumer electronics, computing, industrial, communications, medical and military / aerospace markets. The Image Sensor Group segment designing and developing CMOS and CCD image sensors and image processors for a broad base of end-users in the automotive, industrial, consumer electronics, wireless, medical, and militaryaerospace markets. The Standard Products Group segment offers discrete and integrated semiconductor products that perform multiple application functions, including power switching, signal conditioning, circuit protection, signal amplification and voltage reference functions. The System Solutions Group segment design and develop analog and mixed signal ICs, DSPs, analog and digital tuners, intelligent power modules, memory and discrete semiconductors for the automotive, communications, consumer and industrial end-markets. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.