ON Semiconductor (NASDAQ:ON) had its price objective hoisted by equities researchers at Credit Suisse Group from $17.00 to $20.00 in a report released on Tuesday. The firm currently has an “underperform” rating on the semiconductor company’s stock. Credit Suisse Group’s price target would suggest a potential downside of 12.28% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on ON. Zacks Investment Research cut shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Robert W. Baird reissued a “buy” rating and issued a $25.00 price objective on shares of ON Semiconductor in a research note on Tuesday, October 17th. Jefferies Group reissued a “hold” rating and issued a $20.00 price objective on shares of ON Semiconductor in a research note on Thursday, October 19th. Citigroup set a $23.50 price objective on shares of ON Semiconductor and gave the company a “buy” rating in a research note on Tuesday, October 24th. Finally, KeyCorp reissued a “hold” rating on shares of ON Semiconductor in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $23.14.
Shares of ON Semiconductor (NASDAQ ON) traded up $0.16 on Tuesday, hitting $22.80. 2,207,464 shares of the company’s stock were exchanged, compared to its average volume of 7,571,773. ON Semiconductor has a 1-year low of $13.65 and a 1-year high of $25.60. The firm has a market capitalization of $10,048.40, a PE ratio of 12.19, a PEG ratio of 0.78 and a beta of 2.08. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.
In other ON Semiconductor news, EVP George H. Cave sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $22.85, for a total transaction of $68,550.00. Following the sale, the executive vice president now owns 394,570 shares of the company’s stock, valued at $9,015,924.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William Hall sold 54,366 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Insiders sold 180,549 shares of company stock valued at $3,928,954 in the last quarter. 1.40% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Emerald Advisers Inc. PA raised its holdings in ON Semiconductor by 7.2% during the fourth quarter. Emerald Advisers Inc. PA now owns 99,624 shares of the semiconductor company’s stock worth $2,086,000 after purchasing an additional 6,690 shares in the last quarter. Stephens Investment Management Group LLC raised its holdings in ON Semiconductor by 3.3% during the fourth quarter. Stephens Investment Management Group LLC now owns 493,067 shares of the semiconductor company’s stock worth $10,325,000 after purchasing an additional 15,805 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in ON Semiconductor by 144.3% during the fourth quarter. Meeder Asset Management Inc. now owns 68,604 shares of the semiconductor company’s stock worth $1,436,000 after purchasing an additional 40,524 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in ON Semiconductor by 3.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 85,392 shares of the semiconductor company’s stock worth $1,788,000 after purchasing an additional 2,658 shares in the last quarter. Finally, US Bancorp DE raised its holdings in ON Semiconductor by 3.0% during the fourth quarter. US Bancorp DE now owns 527,479 shares of the semiconductor company’s stock worth $11,045,000 after purchasing an additional 15,489 shares in the last quarter. 99.86% of the stock is currently 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.
