ON Semiconductor Corporation (NASDAQ:ON) was upgraded by equities research analysts at Needham & Company LLC from a “buy” rating to a “strong-buy” rating in a research report issued on Monday, MarketBeat.com reports.

Other equities analysts have also recently issued research reports about the stock. B. Riley reaffirmed a “buy” rating and issued a $18.00 price objective on shares of ON Semiconductor Corporation in a research note on Saturday, June 17th. Zacks Investment Research raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, May 9th. Stifel Nicolaus lifted their price objective on shares of ON Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. BidaskClub raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Raymond James Financial, Inc. initiated coverage on shares of ON Semiconductor Corporation in a research note on Friday, June 16th. They issued an “outperform” rating and a $19.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. ON Semiconductor Corporation has an average rating of “Buy” and a consensus target price of $16.97.

Shares of ON Semiconductor Corporation (NASDAQ:ON) traded up 2.38% during midday trading on Monday, reaching $15.94. The company’s stock had a trading volume of 7,609,144 shares. ON Semiconductor Corporation has a 52 week low of $10.08 and a 52 week high of $16.93. The company has a 50 day moving average of $15.00 and a 200-day moving average of $14.97. The stock has a market capitalization of $6.72 billion, a price-to-earnings ratio of 23.48 and a beta of 1.97.

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In other ON Semiconductor Corporation news, insider Bernard Raymond Colpitts, Jr. sold 6,100 shares of ON Semiconductor Corporation stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $15.59, for a total value of $95,099.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William Hall sold 41,364 shares of ON Semiconductor Corporation stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $15.30, for a total transaction of $632,869.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,690 shares of company stock valued at $1,954,040. 1.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ON. Segantii Capital Management Ltd acquired a new stake in ON Semiconductor Corporation during the first quarter worth about $101,000. Israel Discount Bank of New York purchased a new position in ON Semiconductor Corporation during the first quarter worth approximately $102,000. Oppenheimer Asset Management Inc. purchased a new position in ON Semiconductor Corporation during the first quarter worth approximately $110,000. Tower Research Capital LLC TRC raised its position in ON Semiconductor Corporation by 2,234.7% in the first 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 in the last quarter. Finally, FTB Advisors Inc. raised its position in ON Semiconductor Corporation by 499.9% in the first quarter. FTB Advisors Inc. now owns 10,306 shares of the semiconductor company’s stock worth $148,000 after buying an additional 8,588 shares in the last quarter. Hedge funds and other institutional investors own 97.43% 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.

Analyst Recommendations for ON Semiconductor Corporation (NASDAQ:ON)

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