ON Semiconductor Corporation (NASDAQ:ON) had its price objective raised by investment analysts at B. Riley from $18.00 to $21.00 in a report issued on Monday. The firm currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s target price suggests a potential upside of 28.60% from the stock’s current price.

A number of other research firms also recently issued reports on ON. BidaskClub downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Raymond James Financial, Inc. assumed coverage on shares of ON Semiconductor Corporation in a research report on Friday, June 16th. They set an “outperform” rating and a $19.00 target price for the company. Needham & Company LLC raised shares of ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday. Credit Suisse Group downgraded shares of ON Semiconductor Corporation from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $17.50 to $13.50 in a research report on Tuesday, April 11th. Finally, Zacks Investment Research downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $16.56.

ON Semiconductor Corporation (NASDAQ:ON) traded up 1.71% on Monday, hitting $16.61. 4,391,995 shares of the stock traded hands. The firm’s 50-day moving average price is $14.96 and its 200-day moving average price is $14.89. The stock has a market cap of $6.99 billion, a price-to-earnings ratio of 31.94 and a beta of 1.97. ON Semiconductor Corporation has a 12-month low of $9.78 and a 12-month high of $16.93.

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In related news, EVP William Hall sold 41,364 shares of the firm’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $15.30, for a total transaction of $632,869.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gilles Delfassy sold 4,500 shares of the firm’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $16.87, for a total value of $75,915.00. Following the transaction, the director now owns 33,044 shares in the company, valued at $557,452.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 124,690 shares of company stock valued at $1,954,040. Company insiders own 1.60% of the company’s stock.

A number of institutional investors have recently made changes to their positions in ON. Beacon Capital Management purchased a new position in shares of ON Semiconductor Corporation during the fourth quarter valued at about $0. Teacher Retirement System of Texas boosted its stake in ON Semiconductor Corporation by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 33,379 shares of the semiconductor company’s stock worth $469,000 after buying an additional 127 shares during the last quarter. Chase Investment Counsel Corp boosted its stake in ON Semiconductor Corporation by 0.3% in the second quarter. Chase Investment Counsel Corp now owns 91,155 shares of the semiconductor company’s stock worth $1,279,000 after buying an additional 254 shares during the last quarter. Ifrah Financial Services Inc. boosted its stake in ON Semiconductor Corporation by 1.2% in the second quarter. Ifrah Financial Services Inc. now owns 20,919 shares of the semiconductor company’s stock worth $185,000 after buying an additional 257 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in ON Semiconductor Corporation by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 14,642 shares of the semiconductor company’s stock worth $129,000 after buying an additional 356 shares during the last quarter. Hedge funds and other institutional investors own 97.43% of the company’s stock.

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.

Analyst Recommendations for ON Semiconductor Corporation (NASDAQ:ON)

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