ON Semiconductor Corporation (ON) Receives Average Rating of “Buy” from Brokerages
ON Semiconductor Corporation (NASDAQ:ON) has been assigned a consensus rating of “Buy” from the twenty-three ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $19.71.
A number of research firms have recently commented on ON. B. Riley reissued a “buy” rating and set a $21.00 price target on shares of ON Semiconductor Corporation in a report on Sunday, August 13th. BidaskClub raised ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Needham & Company LLC raised ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, August 7th. KeyCorp reissued a “hold” rating on shares of ON Semiconductor Corporation in a report on Tuesday, September 12th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of ON Semiconductor Corporation in a research report on Wednesday, August 9th.
ON Semiconductor Corporation (NASDAQ:ON) opened at $21.65 on Friday. The company has a current ratio of 2.03, a quick ratio of 1.29 and a debt-to-equity ratio of 1.36. ON Semiconductor Corporation has a fifty-two week low of $10.74 and a fifty-two week high of $21.77. The company has a market capitalization of $9,126.86, a price-to-earnings ratio of 21.23, a PEG ratio of 0.85 and a beta of 2.06.
In related news, CFO Bernard Gutmann sold 20,000 shares of the company’s stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $19.62, for a total transaction of $392,400.00. Following the sale, the chief financial officer now owns 555,248 shares in the company, valued at approximately $10,893,965.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Robert A. Klosterboer sold 16,325 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $20.23, for a total value of $330,254.75. Following the sale, the executive vice president now owns 409,848 shares in the company, valued at approximately $8,291,225.04. The disclosure for this sale can be found here. Insiders sold a total of 623,007 shares of company stock worth $12,081,920 in the last quarter. Corporate insiders own 1.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Alps Advisors Inc. bought a new stake in shares of ON Semiconductor Corporation during the 3rd quarter valued at about $511,000. Swiss National Bank boosted its position in shares of ON Semiconductor Corporation by 0.5% during the 3rd quarter. Swiss National Bank now owns 703,600 shares of the semiconductor company’s stock valued at $12,995,000 after purchasing an additional 3,800 shares in the last quarter. Cavalier Investments LLC bought a new stake in shares of ON Semiconductor Corporation during the 3rd quarter valued at about $401,000. Prudential Financial Inc. boosted its position in shares of ON Semiconductor Corporation by 14.4% during the 3rd quarter. Prudential Financial Inc. now owns 376,174 shares of the semiconductor company’s stock valued at $6,948,000 after purchasing an additional 47,400 shares in the last quarter. Finally, United Asset Strategies Inc. bought a new stake in shares of ON Semiconductor Corporation during the 3rd quarter valued at about $421,000. Institutional investors own 98.05% of the company’s stock.
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.
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