ON Semiconductor Corporation (ON) Stock Rating Lowered by BidaskClub
ON Semiconductor Corporation (NASDAQ:ON) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a report issued on Friday.
Several other research firms also recently weighed in on ON. B. Riley reiterated a “buy” rating and issued a $21.00 price target on shares of ON Semiconductor Corporation in a research report on Sunday, August 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $16.00 price target on shares of ON Semiconductor Corporation in a research report on Tuesday. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor Corporation in a research report on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of ON Semiconductor Corporation in a research report on Monday, September 11th. Finally, Goldman Sachs Group, Inc. (The) downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. ON Semiconductor Corporation presently has a consensus rating of “Buy” and an average target price of $17.47.
ON Semiconductor Corporation (ON) traded up 2.84% during midday trading on Friday, hitting $17.38. 7,792,790 shares of the company were exchanged. The stock has a 50 day moving average of $16.23 and a 200-day moving average of $15.34. The stock 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 1-year low of $10.74 and a 1-year high of $17.51.
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In other ON Semiconductor Corporation news, Director Daryl Ostrander sold 2,000 shares of ON Semiconductor Corporation stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $16.78, for a total value of $33,560.00. Following the sale, the director now directly owns 65,458 shares in the company, valued at approximately $1,098,385.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of ON Semiconductor Corporation stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $16.31, for a total transaction of $40,611.90. Following the completion of the sale, the insider now owns 24,591 shares in the company, valued at $401,079.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,491 shares of company stock worth $550,777. 1.60% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ON. Segantii Capital Management Ltd bought a new stake in ON Semiconductor Corporation in the 1st quarter valued at $101,000. Israel Discount Bank of New York purchased a new position in shares of ON Semiconductor Corporation in the 1st quarter worth $102,000. Oppenheimer Asset Management Inc. purchased a new position in shares of ON Semiconductor Corporation in the 1st quarter worth $110,000. Tower Research Capital LLC TRC grew its stake 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 buying an additional 9,609 shares in the last quarter. Finally, Nine Chapters Capital Management LLC purchased a new position in shares of ON Semiconductor Corporation in the 2nd quarter worth $157,000. Institutional investors own 98.07% 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.
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