ON Semiconductor (ON) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of ON Semiconductor (NASDAQ:ON) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

Several other equities analysts also recently commented on the stock. Bank of America reissued a buy rating and issued a $25.00 target price on shares of ON Semiconductor in a report on Monday, November 13th. Zacks Investment Research downgraded shares of ON Semiconductor from a buy rating to a hold rating in a research note on Friday, November 10th. Loop Capital upped their price target on shares of ON Semiconductor from $22.00 to $27.00 and gave the company a buy rating in a research note on Tuesday, November 7th. Craig Hallum upped their price target on shares of ON Semiconductor from $25.00 to $26.00 and gave the company a buy rating in a research note on Tuesday, November 7th. Finally, Jefferies Group upped their price target on shares of ON Semiconductor from $20.00 to $21.00 and gave the company a hold rating in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $21.70.

Shares of ON Semiconductor (NASDAQ ON) traded up $0.14 during midday trading on Friday, reaching $22.97. 3,271,400 shares of the company traded hands, compared to its average volume of 5,736,380. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25. The company has a market capitalization of $9,730.00, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 0.75 and a beta of 2.02. ON Semiconductor has a 12 month low of $13.01 and a 12 month high of $23.20.

In related news, CEO Keith D. Jackson sold 476,191 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $19.59, for a total value of $9,328,581.69. Following the transaction, the chief executive officer now owns 3,649,468 shares in the company, valued at approximately $71,493,078.12. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Paul E. Rolls sold 35,768 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $19.41, for a total transaction of $694,256.88. The disclosure for this sale can be found here. Insiders sold a total of 703,250 shares of company stock valued at $14,067,067 over the last ninety days. 1.40% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. grew its stake in ON Semiconductor by 13.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 960 shares during the period. BB&T Securities LLC purchased a new position in ON Semiconductor in the 3rd quarter valued at $187,000. Cambridge Investment Research Advisors Inc. purchased a new position in ON Semiconductor in the 3rd quarter valued at $200,000. Oppenheimer & Co. Inc. purchased a new position in ON Semiconductor in the 3rd quarter valued at $231,000. Finally, Moors & Cabot Inc. purchased a new position in ON Semiconductor in the 3rd quarter valued at $233,000. Institutional investors own 99.53% of the company’s stock.

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About ON Semiconductor

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.

Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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