ON Semiconductor (NASDAQ:ON) had its price target increased by equities research analysts at Robert W. Baird from $25.00 to $26.00 in a note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the semiconductor company’s stock. Robert W. Baird’s target price would suggest a potential upside of 14.04% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the stock. Credit Suisse Group boosted their price objective on shares of ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a research note on Tuesday, November 7th. Summit Redstone cut shares of ON Semiconductor to a “hold” rating in a research note on Monday, November 6th. KeyCorp reissued a “hold” rating on shares of ON Semiconductor in a research note on Monday, December 11th. B. Riley boosted their price objective on shares of ON Semiconductor from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Finally, 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. Two analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $23.14.
Shares of ON Semiconductor (ON) traded up $0.16 on Tuesday, reaching $22.80. 2,207,464 shares of the company’s stock traded hands, compared to its average volume of 7,571,773. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20. The firm has a market cap of $10,048.40, a PE ratio of 12.19, a P/E/G 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 related news, EVP William Hall sold 54,366 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $21.83, for a total value of $1,186,809.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Robert A. Klosterboer sold 27,937 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $21.52, for a total transaction of $601,204.24. Following the completion of the sale, the executive vice president now owns 437,785 shares in the company, valued at $9,421,133.20. 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 over the last 90 days. Insiders own 1.40% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Emerald Advisers Inc. PA boosted its position in shares of ON Semiconductor by 7.2% in the 4th quarter. Emerald Advisers Inc. PA now owns 99,624 shares of the semiconductor company’s stock worth $2,086,000 after buying an additional 6,690 shares in the last quarter. Stephens Investment Management Group LLC boosted its position in shares of ON Semiconductor by 3.3% in the 4th quarter. Stephens Investment Management Group LLC now owns 493,067 shares of the semiconductor company’s stock worth $10,325,000 after buying an additional 15,805 shares in the last quarter. Meeder Asset Management Inc. boosted its position in shares of ON Semiconductor by 144.3% in the 4th quarter. Meeder Asset Management Inc. now owns 68,604 shares of the semiconductor company’s stock worth $1,436,000 after buying an additional 40,524 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of ON Semiconductor by 3.2% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 85,392 shares of the semiconductor company’s stock worth $1,788,000 after buying an additional 2,658 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in ON Semiconductor by 3.0% in the 4th quarter. US Bancorp DE now owns 527,479 shares of the semiconductor company’s stock valued at $11,045,000 after purchasing an additional 15,489 shares in the last quarter. 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.
