ON Semiconductor (NASDAQ:ON) had its target price lifted by stock analysts at Mizuho from $26.00 to $27.00 in a report released on Monday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Mizuho’s target price indicates a potential upside of 18.16% from the company’s previous close.
Several other equities analysts have also commented on ON. Zacks Investment Research lowered ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird reiterated a “buy” rating and set a $25.00 price objective on shares of ON Semiconductor in a research report on Tuesday, October 17th. Jefferies Group reiterated a “hold” rating and set a $20.00 price objective on shares of ON Semiconductor in a research report on Thursday, October 19th. Citigroup set a $23.50 price objective on ON Semiconductor and gave the company a “buy” rating in a research report on Tuesday, October 24th. Finally, KeyCorp reiterated a “hold” rating on shares of ON Semiconductor in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $22.70.
Shares of ON Semiconductor (NASDAQ ON) traded down $0.84 during trading on Monday, hitting $22.85. The 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 current ratio of 1.97 and a quick ratio of 1.25. The company has a market cap of $10,048.40, a price-to-earnings ratio of 12.43, a PEG ratio of 0.78 and a beta of 2.08. ON Semiconductor has a 12-month low of $13.65 and a 12-month high of $25.60.
In other ON Semiconductor news, EVP William Hall sold 54,366 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $21.83, for a total value of $1,186,809.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Daryl Ostrander sold 1,398 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $19.10, for a total value of $26,701.80. Following the completion of the sale, the director now owns 64,060 shares of the company’s stock, valued at approximately $1,223,546. The disclosure for this sale can be found here. Insiders have sold a total of 180,549 shares of company stock valued at $3,928,954 over the last 90 days. 1.40% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ON. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of ON Semiconductor in the 4th quarter valued at approximately $101,000. BB&T Securities LLC purchased a new position in shares of ON Semiconductor in the 3rd quarter valued at approximately $187,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of ON Semiconductor in the 3rd quarter valued at approximately $200,000. Ifrah Financial Services Inc. purchased a new position in shares of ON Semiconductor in the 4th quarter valued at approximately $208,000. Finally, Prospera Financial Services Inc purchased a new position in shares of ON Semiconductor in the 4th quarter valued at approximately $224,000. Institutional investors and hedge funds own 99.86% of the company’s stock.
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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.
