ON Semiconductor Corporation (NASDAQ:ON)‘s stock had its “hold” rating restated by analysts at Jefferies Group LLC in a note issued to investors on Thursday. They currently have a $20.00 price objective on the semiconductor company’s stock. Jefferies Group LLC’s price target would indicate a potential downside of 0.35% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Robert W. Baird reissued a “buy” rating and issued a $20.00 target price on shares of ON Semiconductor Corporation in a report on Thursday, August 24th. B. Riley reissued a “buy” rating and issued a $21.00 target price on shares of ON Semiconductor Corporation in a report on Sunday, August 13th. BidaskClub raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. ValuEngine lowered shares of ON Semiconductor Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of ON Semiconductor Corporation in a report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $19.24.

Shares of ON Semiconductor Corporation (NASDAQ:ON) traded up 2.03% during mid-day trading on Thursday, reaching $20.07. 7,431,494 shares of the company’s stock traded hands. The stock has a market cap of $8.46 billion, a PE ratio of 29.56 and a beta of 2.01. ON Semiconductor Corporation has a 12 month low of $10.74 and a 12 month high of $20.27. The firm has a 50 day moving average price of $18.22 and a 200-day moving average price of $15.97.

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In other ON Semiconductor Corporation news, CFO Bernard Gutmann sold 20,000 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $19.62, for a total transaction of $392,400.00. Following the transaction, the chief financial officer now owns 555,248 shares in the company, valued at $10,893,965.76. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Paul E. Rolls sold 10,000 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $17.00, for a total transaction of $170,000.00. Following the transaction, the vice president now owns 368,029 shares in the company, valued at approximately $6,256,493. The disclosure for this sale can be found here. Insiders have sold a total of 606,682 shares of company stock worth $11,751,665 in the last quarter. 1.60% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can grew its stake in shares of ON Semiconductor Corporation by 93.2% in the 2nd quarter. Bank of Montreal Can now owns 1,840,953 shares of the semiconductor company’s stock worth $25,847,000 after acquiring an additional 888,022 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of ON Semiconductor Corporation by 1.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 783,224 shares of the semiconductor company’s stock worth $10,996,000 after acquiring an additional 10,400 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of ON Semiconductor Corporation by 234.5% in the 1st quarter. Wellington Management Group LLP now owns 688,092 shares of the semiconductor company’s stock worth $10,659,000 after acquiring an additional 482,387 shares in the last quarter. Atwood & Palmer Inc. bought a new stake in shares of ON Semiconductor Corporation in the 2nd quarter worth $5,226,000. Finally, Prudential Financial Inc. grew its stake in shares of ON Semiconductor Corporation by 898.9% in the 1st quarter. Prudential Financial Inc. now owns 245,474 shares of the semiconductor company’s stock worth $3,802,000 after acquiring an additional 220,900 shares in the last quarter. Hedge funds and other institutional investors own 97.92% 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.

Analyst Recommendations for ON Semiconductor Corporation (NASDAQ:ON)

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