ON Semiconductor (ON) Earns Neutral Rating from Analysts at Piper Jaffray Companies

Research analysts at Piper Jaffray Companies initiated coverage on shares of ON Semiconductor (NASDAQ:ON) in a note issued to investors on Monday, The Fly reports. The firm set a “neutral” rating on the semiconductor company’s stock.

Several other research firms have also weighed in on ON. KeyCorp restated a “hold” rating on shares of ON Semiconductor in a report on Tuesday, September 12th. Credit Suisse Group increased their target price on ON Semiconductor from $14.50 to $17.00 and gave the stock an “underperform” rating in a research note on Tuesday, November 7th. Zacks Investment Research lowered ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. BidaskClub upgraded ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $21.39.

ON Semiconductor (NASDAQ:ON) traded up $0.94 during trading hours on Monday, reaching $20.84. The company had a trading volume of 7,310,000 shares, compared to its average volume of 6,490,000. ON Semiconductor has a one year low of $12.37 and a one year high of $22.15. The stock has a market cap of $8,840.00, a price-to-earnings ratio of 18.26, a PEG ratio of 0.75 and a beta of 2.02. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20.

In other news, Director Daryl Ostrander sold 1,398 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $19.10, for a total transaction of $26,701.80. Following the transaction, the director now owns 64,060 shares of the company’s stock, valued at approximately $1,223,546. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP William Hall sold 54,366 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 734,526 shares of company stock worth $14,597,833 in the last three months. Corporate insiders own 1.60% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of ON. Oppenheimer Asset Management Inc. boosted its position in ON Semiconductor by 13.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 960 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in ON Semiconductor during the second quarter valued at about $184,000. BB&T Securities LLC bought a new stake in ON Semiconductor during the third quarter valued at about $187,000. Cambridge Investment Research Advisors Inc. bought a new stake in ON Semiconductor during the third quarter valued at about $200,000. Finally, Airain ltd bought a new stake in ON Semiconductor during the second quarter valued at about $207,000. 99.82% of the stock is currently owned by institutional investors and hedge funds.

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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.

The Fly

Analyst Recommendations for ON Semiconductor (NASDAQ:ON)