Stephens upgraded shares of ON Semiconductor Corp. (NASDAQ:ON) from an equal weight rating to an overweight rating in a research note published on Monday morning.

ON has been the subject of several other research reports. JPMorgan Chase & Co. reissued a hold rating and issued a $13.50 price target on shares of ON Semiconductor Corp. in a research report on Tuesday, September 20th. Needham & Company LLC reissued a buy rating and issued a $14.00 price target on shares of ON Semiconductor Corp. in a research report on Friday, September 16th. Credit Suisse Group AG reissued a buy rating and issued a $15.00 price target on shares of ON Semiconductor Corp. in a research report on Tuesday, September 20th. Morgan Stanley raised shares of ON Semiconductor Corp. from an underweight rating to an equal weight rating and lifted their price target for the company from $10.00 to $12.00 in a research report on Thursday, September 22nd. Finally, Robert W. Baird lifted their price target on shares of ON Semiconductor Corp. from $15.00 to $16.00 and gave the company a buy rating in a research report on Tuesday, September 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $13.54.

Shares of ON Semiconductor Corp. (NASDAQ:ON) traded down 0.65% during trading on Monday, hitting $12.14. 1,398,383 shares of the stock traded hands. ON Semiconductor Corp. has a 1-year low of $6.97 and a 1-year high of $12.69. The stock has a 50 day moving average price of $11.04 and a 200-day moving average price of $9.92. The stock has a market cap of $5.04 billion, a price-to-earnings ratio of 31.13 and a beta of 1.75.

ON Semiconductor Corp. (NASDAQ:ON) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. ON Semiconductor Corp. had a net margin of 4.70% and a return on equity of 20.14%. The business earned $877.80 million during the quarter, compared to the consensus estimate of $854.55 million. During the same quarter last year, the firm posted $0.22 EPS. ON Semiconductor Corp.’s revenue was down .3% compared to the same quarter last year. Equities analysts forecast that ON Semiconductor Corp. will post $0.85 EPS for the current year.

In other news, VP Paul E. Rolls sold 5,246 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $12.00, for a total transaction of $62,952.00. Following the completion of the transaction, the vice president now owns 267,202 shares of the company’s stock, valued at $3,206,424. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Paul E. Rolls sold 15,000 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $11.25, for a total value of $168,750.00. Following the transaction, the vice president now directly owns 277,202 shares of the company’s stock, valued at approximately $3,118,522.50. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ON. Norges Bank acquired a new position in shares of ON Semiconductor Corp. during the fourth quarter valued at approximately $39,331,000. Aperio Group LLC raised its stake in shares of ON Semiconductor Corp. by 39.5% in the first quarter. Aperio Group LLC now owns 51,425 shares of the company’s stock valued at $493,000 after buying an additional 14,561 shares in the last quarter. Virginia Retirement System purchased a new stake in shares of ON Semiconductor Corp. during the first quarter valued at about $1,641,000. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of ON Semiconductor Corp. by 0.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 295,249 shares of the company’s stock valued at $2,831,000 after buying an additional 2,350 shares in the last quarter. Finally, Ngam Advisors L.P. raised its stake in shares of ON Semiconductor Corp. by 5.4% in the first quarter. Ngam Advisors L.P. now owns 314,805 shares of the company’s stock valued at $3,019,000 after buying an additional 15,992 shares in the last quarter. 94.67% of the stock is owned by institutional investors.

ON Semiconductor Corp. Company Profile

ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal integrated circuits (ICs), standard products, image sensors and custom devices for customers to solve their design challenges in advanced electronic systems and products. The Company operates through four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.

5 Day Chart for NASDAQ:ON

Receive News & Stock Ratings for ON Semiconductor Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor Corp. and related stocks with our FREE daily email newsletter.