Shares of ON Semiconductor Corporation (NASDAQ:ON) have been assigned an average rating of “Buy” from the twenty-three brokerages that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $16.44.
Several equities analysts recently weighed in on ON shares. Zacks Investment Research upgraded ON Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Tuesday, May 9th. Mizuho lifted their price target on ON Semiconductor Corporation from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, March 13th. MKM Partners restated a “buy” rating and issued a $20.00 price target on shares of ON Semiconductor Corporation in a research note on Friday, April 7th. Credit Suisse Group restated a “sell” rating and issued a $14.00 price target on shares of ON Semiconductor Corporation in a research note on Wednesday, May 10th. Finally, Robert W. Baird restated an “outperform” rating and issued a $21.00 price target on shares of ON Semiconductor Corporation in a research note on Monday, March 13th.
ON Semiconductor Corporation (ON) traded up 1.63% during mid-day trading on Monday, hitting $14.30. The company had a trading volume of 7,070,080 shares. ON Semiconductor Corporation has a 12 month low of $8.11 and a 12 month high of $16.93. The company has a 50-day moving average price of $15.43 and a 200 day moving average price of $14.57. The firm has a market capitalization of $6.02 billion, a P/E ratio of 27.50 and a beta of 1.96.
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In other news, EVP William Hall sold 41,364 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $15.30, for a total value of $632,869.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert A. Klosterboer sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $14.04, for a total value of $140,400.00. Following the completion of the sale, the executive vice president now owns 334,320 shares of the company’s stock, valued at $4,693,852.80. The disclosure for this sale can be found here. Insiders sold 134,690 shares of company stock valued at $2,094,440 over the last 90 days. Company insiders own 1.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ON. Comerica Bank acquired a new position in ON Semiconductor Corporation during the fourth quarter worth approximately $297,000. Menta Capital LLC boosted its position in ON Semiconductor Corporation by 183.6% in the fourth quarter. Menta Capital LLC now owns 37,720 shares of the semiconductor company’s stock worth $481,000 after buying an additional 24,420 shares in the last quarter. Guggenheim Capital LLC boosted its position in ON Semiconductor Corporation by 3.2% in the fourth quarter. Guggenheim Capital LLC now owns 129,176 shares of the semiconductor company’s stock worth $1,649,000 after buying an additional 4,016 shares in the last quarter. Norges Bank acquired a new position in ON Semiconductor Corporation during the fourth quarter worth approximately $49,822,000. Finally, Vident Investment Advisory LLC boosted its position in ON Semiconductor Corporation by 0.8% in the fourth quarter. Vident Investment Advisory LLC now owns 241,622 shares of the semiconductor company’s stock worth $3,083,000 after buying an additional 1,933 shares in the last quarter. Hedge funds and other institutional investors own 96.45% of the company’s stock.
About ON Semiconductor Corporation
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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