Several analysts have recently updated their ratings and price targets for ON Semiconductor Corporation (NASDAQ: ON):

  • 10/3/2017 – ON Semiconductor Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 10/1/2017 – ON Semiconductor Corporation had its “buy” rating reaffirmed by analysts at Bank of America Corporation.
  • 9/25/2017 – ON Semiconductor Corporation is now covered by analysts at Craig Hallum. They set a “buy” rating and a $25.00 price target on the stock.
  • 9/21/2017 – ON Semiconductor Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 9/15/2017 – ON Semiconductor Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 9/12/2017 – ON Semiconductor Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $16.00 price target on the stock.
  • 9/12/2017 – ON Semiconductor Corporation was downgraded by analysts at Goldman Sachs Group, Inc. (The) from a “buy” rating to a “neutral” rating. They now have a $18.00 price target on the stock.
  • 9/12/2017 – ON Semiconductor Corporation had its “hold” rating reaffirmed by analysts at KeyCorp.
  • 9/11/2017 – ON Semiconductor Corporation had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $25.00 price target on the stock. They wrote, “Last Friday, we hosted a series of investor meetings in Boston with Bernard Gutmann, CFO and Parag Agarwal, IR. Rarely do we find a situation in semis where a company is firing on all cylinders: 1) substantial earnings growth (50%+ through‘20) based on a highly complementary acquisition (FCS) which initially was viewed skeptically; 2) a gross margin expansion story where margins have a clear path to expand 300bps over the next two years; 3) a company that is well positioned to capitalize on three of the biggest trends in technology – the proliferation of ADAS/ AV vehicles, the electrification of vehicles as well as buildings, and the trend towards automation and robotics and lastly 4) undervalued, trading at 50-60% discount to its peers on ’18 earnings (10.6x P/E) and 40-50% discount on EV/EBITDA (8.3x).””
  • 9/1/2017 – ON Semiconductor Corporation was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/24/2017 – ON Semiconductor Corporation had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $20.00 price target on the stock.
  • 8/13/2017 – ON Semiconductor Corporation had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $21.00 price target on the stock.
  • 8/9/2017 – ON Semiconductor Corporation had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $16.00 price target on the stock, up previously from $15.00.
  • 8/9/2017 – ON Semiconductor Corporation had its “outperform” rating reaffirmed by analysts at Mizuho. They now have a $19.00 price target on the stock, up previously from $18.00.
  • 8/9/2017 – ON Semiconductor Corporation had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $17.00 price target on the stock, up previously from $16.00.
  • 8/8/2017 – ON Semiconductor Corporation had its price target raised by analysts at Credit Suisse Group from $13.50 to $14.50. They now have an “underperform” rating on the stock.
  • 8/8/2017 – ON Semiconductor Corporation had its price target raised by analysts at Morgan Stanley from $16.00 to $17.00. They now have an “equal weight” rating on the stock.
  • 8/8/2017 – ON Semiconductor Corporation was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 8/7/2017 – ON Semiconductor Corporation had its price target raised by analysts at B. Riley from $18.00 to $21.00. They now have a “buy” rating on the stock.
  • 8/7/2017 – ON Semiconductor Corporation was upgraded by analysts at Needham & Company LLC from a “buy” rating to a “strong-buy” rating.

ON Semiconductor Corporation (ON) traded down 0.4098% during trading on Wednesday, hitting $18.8325. The stock had a trading volume of 1,237,807 shares. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 27.7356 and a beta of 2.01. ON Semiconductor Corporation has a 1-year low of $10.74 and a 1-year high of $19.33. The firm’s 50 day moving average is $17.04 and its 200 day moving average is $15.58.

In other news, Director Daryl Ostrander sold 2,000 shares of ON Semiconductor Corporation stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $16.78, for a total transaction of $33,560.00. Following the completion of 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 filing with the SEC, which can be accessed through this link. Also, Director Paul Anthony Mascarenas sold 9,375 shares of ON Semiconductor Corporation stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $18.30, for a total value of $171,562.50. Following the sale, the director now owns 58,379 shares of the company’s stock, valued at $1,068,335.70. The disclosure for this sale can be found here. Insiders have sold 55,308 shares of company stock worth $970,767 over the last ninety days. 1.60% of the stock is currently owned by insiders.

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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