ON Semiconductor Corporation (NASDAQ:ON) has been assigned an average recommendation of “Buy” from the twenty-four analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $16.91.

ON has been the topic of several recent research reports. B. Riley upped their target price on shares of ON Semiconductor Corporation from $18.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Mizuho restated an “outperform” rating and set a $19.00 target price (up from $18.00) on shares of ON Semiconductor Corporation in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Credit Suisse Group restated a “sell” rating and set a $14.00 target price on shares of ON Semiconductor Corporation in a research report on Wednesday, May 10th. Finally, ValuEngine cut shares of ON Semiconductor Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 8th.

In other news, EVP Robert A. Klosterboer sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were 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 in the company, valued at $4,994,528. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gilles Delfassy sold 4,500 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $16.87, for a total transaction 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. Insiders sold a total of 59,716 shares of company stock worth $958,684 over the last 90 days. Insiders own 1.60% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC increased its position in ON Semiconductor Corporation by 58.7% in the second quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock worth $562,753,000 after buying an additional 14,818,360 shares in the last quarter. Vanguard Group Inc. increased its position in ON Semiconductor Corporation by 5.0% in the second quarter. Vanguard Group Inc. now owns 34,915,253 shares of the semiconductor company’s stock worth $490,210,000 after buying an additional 1,652,005 shares in the last quarter. Janus Henderson Group PLC acquired a new position in ON Semiconductor Corporation during the second quarter worth about $458,495,000. Boston Partners increased its position in ON Semiconductor Corporation by 5.5% in the first quarter. Boston Partners now owns 20,408,521 shares of the semiconductor company’s stock worth $316,128,000 after buying an additional 1,068,570 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its position in ON Semiconductor Corporation by 10.4% in the first quarter. Pictet Asset Management Ltd. now owns 7,376,170 shares of the semiconductor company’s stock worth $114,257,000 after buying an additional 694,382 shares in the last quarter. Hedge funds and other institutional investors own 95.86% of the company’s stock.

Shares of ON Semiconductor Corporation (NASDAQ:ON) opened at 15.75 on Tuesday. ON Semiconductor Corporation has a 52 week low of $10.08 and a 52 week high of $16.93. The stock has a 50 day moving average price of $15.31 and a 200 day moving average price of $15.12. The stock has a market capitalization of $6.64 billion, a P/E ratio of 23.20 and a beta of 1.97.

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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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