ON Semiconductor (NASDAQ:ON) had its target price increased by research analysts at B. Riley from $25.00 to $29.00 in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s target price suggests a potential upside of 26.91% from the stock’s previous close.
Several other research analysts have also recently weighed in on the company. Mizuho boosted their price objective on ON Semiconductor from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday. Vetr raised ON Semiconductor from a “buy” rating to a “strong-buy” rating and set a $26.75 price objective on the stock in a research report on Monday. ValuEngine raised ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday. BidaskClub cut ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 26th. Finally, Zacks Investment Research cut ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $22.70.
ON Semiconductor (NASDAQ ON) traded down $0.84 during mid-day trading on Monday, reaching $22.85. The company’s stock had a trading volume of 7,568,467 shares, compared to its average volume of 7,637,138. 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 twelve month low of $13.65 and a twelve month high of $25.60. The stock has a market capitalization of $10,048.40, a PE ratio of 12.43, a P/E/G ratio of 0.78 and a beta of 2.08.
In related news, EVP William Hall sold 54,366 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $21.83, for a total transaction of $1,186,809.78. The transaction was disclosed in a document filed with the SEC, which is available 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 value of $68,550.00. Following the sale, the executive vice president now owns 394,570 shares in the company, valued at $9,015,924.50. The disclosure for this sale can be found here. Insiders have sold a total of 180,549 shares of company stock worth $3,928,954 in the last ninety days. Insiders own 1.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of ON Semiconductor during the 4th quarter valued at $101,000. Prospera Financial Services Inc bought a new stake in shares of ON Semiconductor during the 4th quarter valued at $224,000. Ifrah Financial Services Inc. bought a new stake in shares of ON Semiconductor during the 4th quarter valued at $208,000. BB&T Securities LLC bought a new stake in shares of ON Semiconductor during the 3rd quarter valued at $187,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of ON Semiconductor during the 3rd quarter valued at $200,000. Institutional investors own 99.86% of the company’s stock.
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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.
