The shares of ON Semiconductor Corporation (NASDAQ:ON) has been pegged with a rating of Buy by Craig Hallum in its latest research note that was published on October 30th, 2018. The research company has also assigned a $25 price target. Craig Hallum wasn’t the only research firm that published a report of ON Semiconductor Corporation, with other equities research analysts also giving their opinion on the stock. KeyBanc Capital Mkts advised investors in its research note published on September 25th, 2018, to Sector Weight the ON stock. The stock had earned Mkt Perform rating from Raymond James when it published its report on September 25th, 2018. The stock was given Underweight rating by Morgan Stanley in its report released on August 9th, 2018. Craig Hallum was of a view that ON is Buy in its latest report on June 5th, 2018 while giving it a price target of $31. Mizuho thinks that ON is worth Buy rating. This was contained in the firm’s report on February 5th, 2018 in which the stock’s price target was also moved to $27.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 7 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $22.27. The price of the stock the last time has raised by 52.85% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 67.35.
The shares of the company added by 1.83% during the trading session on Monday, reaching a low of $21.815 while ending the day at $22.24. During the trading session, a total of 7.19 million shares were traded which represents a -2.1% decline from the average session volume which is 7.04M shares. ON had ended its last session trading at 21.84. ON Semiconductor Corporation currently has a market cap of $9.54B, while its P/E ratio stands at 14.58, while its P/E earnings growth sits at 1.62, with a beta of 2.03. ON Semiconductor Corporation debt-to-equity ratio currently stands at 0.85, while its quick ratio hovers at 1.40. ON 52-week low price stands at $14.55 while its 52-week high price is $27.10.
The company in its last quarterly report recorded $0.53 earnings per share which is above the $0.47 predicted by most analysts. The ON Semiconductor Corporation generated $1,503.10 million in revenue during the last quarter, which is slightly higher than the $1,500.82 million predicted by analysts. In the second quarter last year, the firm recorded $0.57 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -7.55%. ON Semiconductor Corporation has the potential to record 1.53 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Deutsche Bank published a research note on November 2nd, 2016 where it informed investors and clients that Loews Corporation (NYSE:L) is now rated as Hold. Their price target on the stock stands at $43. KeyBanc Capital Mkts also rated L as Initiated on September 25th, 2018, with its price target of suggesting that L could surge by 17.48% from its current share price. Even though the stock has been trading at $47.47/share, analysts expect it to surge higher by -6.13% to reach $54.00/share. It started the day trading at $46.19 and traded between $44.17 and $44.56 throughout the trading session.
A look at its technical shows that L’s 50-day SMA is 46.35 while its 200-day SMA stands at 48.76. The stock has a high of $53.04 for the year while the low is $42.06. The company’s P/E ratio currently sits at 13.29, while the P/B ratio is 0.74. The company’s average trading volume currently stands at 1.11M shares, which means that the short-interest ratio is just 3.75 days. Over the past seven days, the company moved, with its shift of -7.19%. Looking further, the stock has dropped -10.41% over the past 90 days while it lost -11.46% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc sold more L shares, decreasing its portfolio by -2.11% during the last quarter. This move now sees The Vanguard Group Inc selling -580,135 shares in the last quarter, thus it now holds 26,871,247 shares of L, with a total valuation of $1,223,179,163. T Rowe Price Associates Inc meanwhile sold more L shares in the recently filed quarter, changing its stake to $860,891,356 worth of shares. JPMorgan Investment Management I followed the path by increasing its L portfolio by +0.66% in the quarter. This means that JPMorgan Investment Management I bought 100,525 shares in the last quarter and now controls 15,397,320 shares of the L stock, with the valuation hitting $700,886,006.
Similarly, BlackRock Fund Advisors increased its Loews Corporation shares by +2.37% during the recently filed quarter. After buying 303,366 shares in the last quarter, the firm now controls 13,118,833 shares of Loews Corporation which are valued at $597,169,278. In the same vein, Norges Bank Investment Management decreased its Loews Corporation shares by during the most recent reported quarter. The firm sold -1,649,313 shares during the quarter which decreased its stakes to 9,760,634 shares and is now valued at $444,304,060. Following these latest developments, around 69.17% of Loews Corporation stocks are owned by institutional investors and hedge funds.