ON Semiconductor (NASDAQ:ON) had its price objective hoisted by stock analysts at Citigroup from $24.00 to $28.00 in a report issued on Tuesday. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Citigroup’s price objective would indicate a potential upside of 22.81% from the stock’s current price.
Other analysts also recently issued research reports about the stock. Vetr downgraded shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating and set a $25.52 target price for the company. in a research report on Wednesday, January 10th. Summit Redstone downgraded shares of ON Semiconductor to a “hold” rating in a research report on Monday, November 6th. Jefferies Group reissued a “hold” rating and set a $20.00 target price on shares of ON Semiconductor in a research report on Thursday, October 19th. BidaskClub downgraded shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 26th. Finally, B. Riley increased their target price on shares of ON Semiconductor from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. ON Semiconductor has a consensus rating of “Buy” and a consensus price target of $23.14.
ON Semiconductor (NASDAQ:ON) traded up $0.16 during midday trading on Tuesday, hitting $22.80. 2,207,464 shares of the stock were exchanged, compared to its average volume of 7,571,773. ON Semiconductor has a one year low of $13.65 and a one year high of $25.60. 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 firm has a market cap of $10,048.40, a P/E ratio of 12.19, a P/E/G ratio of 0.78 and a beta of 2.08.
In other news, VP Paul E. Rolls sold 16,899 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $21.03, for a total transaction of $355,385.97. Following the completion of the transaction, the vice president now directly owns 305,807 shares in the company, valued at approximately $6,431,121.21. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP William Hall sold 22,583 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $23.86, for a total value of $538,830.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 180,549 shares of company stock valued at $3,928,954. 1.40% of the stock is owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of ON Semiconductor during the 4th quarter valued at approximately $101,000. Prospera Financial Services Inc purchased a new position in shares of ON Semiconductor during the 4th quarter valued at approximately $224,000. Ifrah Financial Services Inc. purchased a new position in shares of ON Semiconductor during the 4th quarter valued at approximately $208,000. BB&T Securities LLC purchased a new position in shares of ON Semiconductor during the 3rd quarter valued at approximately $187,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of ON Semiconductor during the 3rd quarter valued at approximately $200,000. Institutional investors 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.
