ON Semiconductor (NASDAQ:ON) had its price target lifted by analysts at MKM Partners to $28.00 in a report issued on Tuesday. The brokerage currently has a “buy” rating on the semiconductor company’s stock. MKM Partners’ target price would suggest a potential upside of 23.46% from the stock’s current price.
Several other equities research analysts have also commented on the stock. Credit Suisse Group raised their price target 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. Zacks Investment Research lowered shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. ValuEngine upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Mizuho raised their price target on shares of ON Semiconductor from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday. Finally, Citigroup raised their price target on shares of ON Semiconductor from $24.00 to $28.00 and gave the company a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $23.83.
ON Semiconductor (NASDAQ:ON) traded up $0.04 on Tuesday, reaching $22.68. 14,532,176 shares of the company traded hands, compared to its average volume of 8,134,915. The firm has a market capitalization of $10,048.40, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 0.78 and a beta of 2.08. ON Semiconductor has a 52-week low of $13.65 and a 52-week high of $25.60. 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 related news, VP Paul E. Rolls sold 16,899 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $21.03, for a total transaction of $355,385.97. Following the completion of the sale, the vice president now directly owns 305,807 shares in the company, valued at $6,431,121.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP William Hall sold 22,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $23.86, for a total transaction of $538,830.38. The disclosure for this sale can be found here. Insiders have sold 180,549 shares of company stock worth $3,928,954 in the last quarter. Company insiders own 1.40% of the company’s stock.
Large investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. bought a new stake in ON Semiconductor during the fourth quarter worth approximately $101,000. Prospera Financial Services Inc bought a new stake in ON Semiconductor during the fourth quarter worth approximately $224,000. Ifrah Financial Services Inc. bought a new stake in ON Semiconductor during the fourth quarter worth approximately $208,000. BB&T Securities LLC bought a new stake in ON Semiconductor during the third quarter worth approximately $187,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in ON Semiconductor during the third quarter worth approximately $200,000. Hedge funds and other institutional investors own 99.86% of the company’s stock.
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About ON Semiconductor
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.
