ON Semiconductor (ON) Price Target Raised to $26.00 at Mizuho
ON Semiconductor (NASDAQ:ON) had its target price lifted by Mizuho from $24.00 to $26.00 in a research note issued on Friday. The firm presently has a “buy” rating on the semiconductor company’s stock. Mizuho’s price target points to a potential upside of 12.65% from the company’s current price.
ON has been the topic of a number of other reports. Credit Suisse Group boosted their target price on shares of ON Semiconductor from $14.50 to $17.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $25.00 price target on shares of ON Semiconductor in a research note on Tuesday, December 19th. ValuEngine lowered shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Jefferies Group lifted their price target on shares of ON Semiconductor from $20.00 to $21.00 and gave the stock a “hold” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research lowered shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $22.26.
ON Semiconductor (NASDAQ ON) opened at $23.08 on Friday. ON Semiconductor has a 12-month low of $13.02 and a 12-month high of $23.23. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97. The company has a market cap of $9,790.00, a price-to-earnings ratio of 25.09, a PEG ratio of 0.75 and a beta of 2.02.
In other news, CEO Keith D. Jackson sold 476,191 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $19.59, for a total transaction of $9,328,581.69. Following the completion of the transaction, the chief executive officer now owns 3,649,468 shares of the company’s stock, valued at $71,493,078.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP George H. Cave sold 3,000 shares of the business’s stock in a transaction on Monday, January 8th. The shares were sold at an average price of $22.85, for a total transaction of $68,550.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 670,482 shares of company stock valued at $13,441,360. 1.40% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Jaffetilchin Investment Partners LLC acquired a new stake in ON Semiconductor in the fourth quarter worth about $299,000. Atlantic Trust Group LLC acquired a new stake in ON Semiconductor in the third quarter worth about $1,191,000. Parametric Portfolio Associates LLC lifted its holdings in ON Semiconductor by 4.1% in the third quarter. Parametric Portfolio Associates LLC now owns 817,294 shares of the semiconductor company’s stock worth $15,095,000 after purchasing an additional 32,459 shares during the period. Optimum Investment Advisors lifted its holdings in ON Semiconductor by 12.5% in the third quarter. Optimum Investment Advisors now owns 40,500 shares of the semiconductor company’s stock worth $748,000 after purchasing an additional 4,500 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in ON Semiconductor by 10.6% in the third quarter. Public Employees Retirement System of Ohio now owns 197,277 shares of the semiconductor company’s stock worth $3,644,000 after purchasing an additional 18,934 shares during the period. 99.53% of the stock is owned by institutional investors.
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ON Semiconductor 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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