Shares of ON Semiconductor Corporation (NASDAQ:ON) have been assigned an average rating of “Buy” from the twenty-three analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation, thirteen have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $17.79.

A number of analysts have issued reports on ON shares. KeyCorp reaffirmed a “hold” rating on shares of ON Semiconductor Corporation in a report on Tuesday. B. Riley boosted their target price on ON Semiconductor Corporation from $18.00 to $21.00 and gave the company a “buy” rating in a report on Monday, August 7th. Mizuho reissued an “outperform” rating and issued a $19.00 target price (up from $18.00) on shares of ON Semiconductor Corporation in a report on Wednesday, August 9th. BidaskClub raised ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, ValuEngine downgraded ON Semiconductor Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th.

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In other ON Semiconductor Corporation news, EVP Robert A. Klosterboer sold 10,000 shares of the business’s stock in a transaction that occurred on 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 owns 324,320 shares in the company, valued at approximately $4,994,528. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP George H. Cave sold 6,943 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $17.00, for a total value of $118,031.00. Following the transaction, the executive vice president now owns 330,496 shares in the company, valued at approximately $5,618,432. The disclosure for this sale can be found here. Insiders have sold a total of 33,491 shares of company stock worth $550,777 in the last quarter. 1.60% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Segantii Capital Management Ltd acquired a new stake in shares of ON Semiconductor Corporation in the 1st quarter worth approximately $101,000. Israel Discount Bank of New York acquired a new stake in shares of ON Semiconductor Corporation in the 1st quarter worth approximately $102,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of ON Semiconductor Corporation in the 1st quarter worth approximately $110,000. Tower Research Capital LLC TRC grew its holdings in shares of ON Semiconductor Corporation by 2,234.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 9,609 shares during the period. Finally, Nine Chapters Capital Management LLC acquired a new stake in shares of ON Semiconductor Corporation in the 2nd quarter worth approximately $157,000. Institutional investors and hedge funds own 98.07% of the company’s stock.

ON Semiconductor Corporation (NASDAQ:ON) opened at 17.38 on Friday. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 25.60 and a beta of 1.98. ON Semiconductor Corporation has a 12 month low of $10.74 and a 12 month high of $17.51. The company’s 50-day moving average price is $16.23 and its 200 day moving average price is $15.34.

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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