The shares of ON Semiconductor Corporation (NASDAQ:ON) has been pegged with a rating of Buy by Jefferies in its latest research note that was published on April 30th, 2019. The research company has also assigned a $29 price target. Jefferies 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. Longbow advised investors in its research note published on April 17th, 2019, to Neutral the ON stock. The stock had earned Buy rating from Goldman when it published its report on March 27th, 2019. That day the Goldman set price target on the stock to $26. The stock was given Buy rating by B. Riley FBR in its report released on March 11th, 2019, the day when the price target on the stock was placed at $30. Cowen was of a view that ON is Outperform in its latest report on February 22nd, 2019. Craig Hallum thinks that ON is worth Buy rating. This was contained in the firm’s report on October 30th, 2018 in which the stock’s price target was also moved to $25.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 6 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 $25.63. The price of the stock the last time has raised by 37.32% 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 33.64.
The shares of the company added by 1.94% during the trading session on Tuesday, reaching a low of $19.56 while ending the day at $19.98. During the trading session, a total of 5.57 million shares were traded which represents a 14.86% incline from the average session volume which is 6.54M shares. ON had ended its last session trading at 19.60. ON Semiconductor Corporation currently has a market cap of $8.31B, while its P/E ratio stands at 15.54, while its P/E earnings growth sits at 1.41, with a beta of 2.09. ON Semiconductor Corporation debt-to-equity ratio currently stands at 0.87, while its quick ratio hovers at 1.40. ON 52-week low price stands at $14.55 while its 52-week high price is $26.38.
The company in its last quarterly report recorded $0.43 earnings per share which is above the $0.40 predicted by most analysts. The ON Semiconductor Corporation generated $1,386.60 million in revenue during the last quarter, which is slightly lower than the $1,389.81 million predicted by analysts. In the second quarter last year, the firm recorded $0.53 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -23.26%. ON Semiconductor Corporation has the potential to record 1.29 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Longbow published a research note on January 30th, 2019 where it informed investors and clients that AK Steel Holding Corporation (NYSE:AKS) is now rated as Neutral. Longbow also rated AKS as Downgrade on April 17th, 2019, with its price target of $140 suggesting that AKS could surge by 15.88% from its current share price. Even though the stock has been trading at $2.27/share, analysts expect it to surge higher by 2.64% to reach $2.77/share. It started the day trading at $2.34 and traded between $2.25 and $2.33 throughout the trading session.
A look at its technical shows that AKS’s 50-day SMA is 2.62 while its 200-day SMA stands at 3.41. The stock has a high of $5.40 for the year while the low is $2.05. The company’s P/E ratio currently sits at 4.77, while the P/B ratio is 7.77. At the moment, only of AK Steel Holding Corporation shares were sold short. The company’s average trading volume currently stands at 8.04M shares, which means that the short-interest ratio is just 6.32 days. Over the past seven days, the company moved, with its shift of -7.54%. Looking further, the stock has dropped -21.81% over the past 90 days while it lost -39.01% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more AKS shares, increasing its portfolio by +1.17% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 499,366 shares in the last quarter, thus it now holds 43,225,922 shares of AKS, with a total valuation of $104,606,731. The Vanguard Group Inc meanwhile bought more AKS shares in the recently filed quarter, changing its stake to $77,720,756 worth of shares. SSgA Funds Management Inc followed the path by increasing its AKS portfolio by +2.35% in the quarter. This means that SSgA Funds Management Inc bought 385,762 shares in the last quarter and now controls 16,790,792 shares of the AKS stock, with the valuation hitting $40,633,717.
Similarly, Dimensional Fund Advisors LP decreased its AK Steel Holding Corporation shares by -2.56% during the recently filed quarter. After selling -189,941 shares in the last quarter, the firm now controls 7,233,437 shares of AK Steel Holding Corporation which are valued at $17,504,918. In the same vein, Merrill Lynch Pierce Fenner S increased its AK Steel Holding Corporation shares by during the most recent reported quarter. The firm bought 5,503,910 shares during the quarter which increased its stakes to 5,868,676 shares and is now valued at $14,202,196. Following these latest developments, around 1.00% of AK Steel Holding Corporation stocks are owned by institutional investors and hedge funds.