ON Semiconductor (NASDAQ:ON) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.
ON has been the subject of several other reports. Credit Suisse Group boosted their price objective on shares of ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a research report on Tuesday, November 7th. Goldman Sachs Group cut shares of ON Semiconductor from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Tuesday, September 12th. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price objective on shares of ON Semiconductor in a research report on Monday, September 11th. BidaskClub raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Robert W. Baird reissued a “buy” rating and issued a $20.00 price objective on shares of ON Semiconductor in a research report on Thursday, August 24th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company’s stock. ON Semiconductor currently has a consensus rating of “Buy” and an average target price of $21.23.
ON Semiconductor (NASDAQ ON) traded down $0.22 during trading on Friday, reaching $19.86. 7,170,000 shares of the company’s stock traded hands, compared to its average volume of 6,330,000. The stock has a market cap of $8,420.00, a PE ratio of 18.42, a price-to-earnings-growth ratio of 0.76 and a beta of 2.06. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97. ON Semiconductor has a 12 month low of $10.96 and a 12 month high of $22.15.
Several institutional investors and hedge funds have recently made changes to their positions in ON. Optimum Investment Advisors raised its stake in shares of ON Semiconductor by 12.5% during the 3rd quarter. Optimum Investment Advisors now owns 40,500 shares of the semiconductor company’s stock worth $748,000 after acquiring an additional 4,500 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of ON Semiconductor by 10.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 197,277 shares of the semiconductor company’s stock worth $3,644,000 after acquiring an additional 18,934 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of ON Semiconductor by 50.4% during the 3rd quarter. GSA Capital Partners LLP now owns 39,059 shares of the semiconductor company’s stock worth $721,000 after acquiring an additional 13,087 shares in the last quarter. Moors & Cabot Inc. bought a new position in shares of ON Semiconductor during the 3rd quarter worth approximately $233,000. Finally, Neuberger Berman Group LLC raised its stake in shares of ON Semiconductor by 9.0% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,668,743 shares of the semiconductor company’s stock worth $49,292,000 after acquiring an additional 221,017 shares in the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION WARNING: “ON Semiconductor (ON) Lowered to “Buy” at ValuEngine” was first posted by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of U.S. and international copyright & trademark legislation. The legal version of this article can be accessed at https://www.americanbankingnews.com/2017/12/02/on-semiconductor-on-lowered-to-buy-at-valuengine.html.
About ON Semiconductor
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for ON Semiconductor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.