ON Semiconductor Corporation (NASDAQ:ON) had its target price upped by equities research analysts at Credit Suisse Group from $13.50 to $14.50 in a research report issued on Tuesday. The brokerage currently has an “underperform” rating on the semiconductor company’s stock. Credit Suisse Group’s price objective points to a potential downside of 11.21% from the stock’s previous close.

A number of other equities analysts have also recently commented on ON. B. Riley reiterated a “buy” rating and issued a $18.00 target price on shares of ON Semiconductor Corporation in a report on Monday, May 8th. BidaskClub cut ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. Needham & Company LLC upgraded ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday. Raymond James Financial, Inc. assumed coverage on ON Semiconductor Corporation in a report on Friday, June 16th. They issued an “outperform” rating and a $19.00 target price for the company. Finally, Zacks Investment Research cut ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $16.56.

Shares of ON Semiconductor Corporation (NASDAQ ON) traded up 0.214% on Tuesday, hitting $16.365. The stock had a trading volume of 3,233,420 shares. The firm has a 50-day moving average price of $14.96 and a 200-day moving average price of $14.89. The stock has a market capitalization of $6.89 billion, a P/E ratio of 31.471 and a beta of 1.97. ON Semiconductor Corporation has a 52 week low of $9.78 and a 52 week high of $16.93.

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In related news, EVP Robert A. Klosterboer sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $15.40, for a total transaction of $154,000.00. Following the transaction, the executive vice president now directly owns 324,320 shares of the company’s stock, valued at approximately $4,994,528. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William Hall sold 41,364 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $15.30, for a total value of $632,869.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 124,690 shares of company stock valued at $1,954,040. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lockheed Martin Investment Management Co. raised its position in shares of ON Semiconductor Corporation by 22.6% in the first quarter. Lockheed Martin Investment Management Co. now owns 81,550 shares of the semiconductor company’s stock valued at $1,263,000 after buying an additional 15,010 shares in the last quarter. IFP Advisors Inc raised its position in shares of ON Semiconductor Corporation by 87.5% in the first quarter. IFP Advisors Inc now owns 28,112 shares of the semiconductor company’s stock valued at $435,000 after buying an additional 13,118 shares in the last quarter. Bank of Montreal Can raised its position in shares of ON Semiconductor Corporation by 93.2% in the second quarter. Bank of Montreal Can now owns 1,840,953 shares of the semiconductor company’s stock valued at $25,847,000 after buying an additional 888,022 shares in the last quarter. Stephens Inc. AR raised its position in shares of ON Semiconductor Corporation by 7.2% in the first quarter. Stephens Inc. AR now owns 110,224 shares of the semiconductor company’s stock valued at $1,707,000 after buying an additional 7,406 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of ON Semiconductor Corporation by 24.3% in the first quarter. Nationwide Fund Advisors now owns 1,071,404 shares of the semiconductor company’s stock valued at $16,596,000 after buying an additional 209,504 shares in the last quarter. 97.43% of the stock is currently owned by institutional investors.

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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