A number of other equities research analysts have also commented on the company. Zacks Investment Research lowered ON Semiconductor Corporation from a buy rating to a hold rating in a research report on Tuesday, July 11th. Credit Suisse Group upped their price target on ON Semiconductor Corporation from $13.50 to $14.50 and gave the company an underperform rating in a research report on Tuesday, August 8th. Robert W. Baird reiterated a buy rating and issued a $20.00 price target on shares of ON Semiconductor Corporation in a research report on Thursday, August 24th. BidaskClub upgraded ON Semiconductor Corporation from a hold rating to a buy rating in a research report on Friday, September 1st. Finally, Morgan Stanley upped their price target on ON Semiconductor Corporation from $16.00 to $17.00 and gave the company an equal weight rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $17.47.
ON Semiconductor Corporation (ON) opened at 16.99 on Tuesday. The company has a 50-day moving average price of $16.03 and a 200 day moving average price of $15.29. ON Semiconductor Corporation has a 12-month low of $10.12 and a 12-month high of $17.33. The company has a market cap of $7.16 billion, a PE ratio of 25.02 and a beta of 1.98.
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In related news, VP Paul E. Rolls sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $17.00, for a total transaction of $170,000.00. Following the transaction, the vice president now directly owns 368,029 shares of the company’s stock, valued at approximately $6,256,493. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP George H. Cave sold 6,943 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $17.00, for a total value of $118,031.00. Following the transaction, the executive vice president now directly owns 330,496 shares in the company, valued at $5,618,432. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,433 shares of company stock worth $482,643. 1.60% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Segantii Capital Management Ltd acquired a new position in ON Semiconductor Corporation during the 1st quarter worth approximately $101,000. Israel Discount Bank of New York acquired a new position in ON Semiconductor Corporation during the 1st quarter worth approximately $102,000. Oppenheimer Asset Management Inc. acquired a new position in ON Semiconductor Corporation during the 1st quarter worth approximately $110,000. Tower Research Capital LLC TRC raised its stake in ON Semiconductor Corporation by 2,234.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock worth $156,000 after buying an additional 9,609 shares during the period. Finally, Nine Chapters Capital Management LLC acquired a new position in ON Semiconductor Corporation during the 2nd quarter worth approximately $157,000. 98.07% of the stock is currently owned by institutional investors and hedge funds.
ON Semiconductor Corporation Company Profile
ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.
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