Analysts Set ON Semiconductor Corp. (ON) Target Price at $13.91
ON Semiconductor Corp. (NASDAQ:ON) has been assigned a consensus rating of “Buy” from the twenty-four ratings firms that are currently covering the company. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $13.91.
A number of equities research analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $16.00 price objective on shares of ON Semiconductor Corp. in a report on Tuesday, September 20th. Credit Suisse Group AG reissued a “buy” rating and issued a $13.00 target price on shares of ON Semiconductor Corp. in a report on Tuesday, August 9th. Jefferies Group boosted their target price on ON Semiconductor Corp. from $10.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $14.00 target price on shares of ON Semiconductor Corp. in a report on Monday, August 8th. Finally, Zacks Investment Research downgraded ON Semiconductor Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th.
In other ON Semiconductor Corp. news, Director Paul Anthony Mascarenas bought 2,500 shares of the stock in a transaction dated Thursday, November 10th. The shares were bought at an average cost of $11.30 per share, with a total value of $28,250.00. Following the completion of the acquisition, the director now owns 55,028 shares of the company’s stock, valued at $621,816.40. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Paul E. Rolls sold 5,246 shares of the firm’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $12.00, for a total transaction of $62,952.00. Following the transaction, the vice president now directly owns 267,202 shares in the company, valued at $3,206,424. 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 made changes to their positions in ON. Capital International Sarl boosted its position in shares of ON Semiconductor Corp. by 2.6% in the third quarter. Capital International Sarl now owns 552,510 shares of the company’s stock valued at $6,807,000 after buying an additional 14,200 shares in the last quarter. Capital International Investors boosted its position in shares of ON Semiconductor Corp. by 0.4% in the third quarter. Capital International Investors now owns 21,182,370 shares of the company’s stock valued at $260,967,000 after buying an additional 75,861 shares in the last quarter. Baker Avenue Asset Management LP acquired a new position in shares of ON Semiconductor Corp. during the third quarter valued at approximately $795,000. Capital Research Global Investors boosted its position in shares of ON Semiconductor Corp. by 1.5% in the third quarter. Capital Research Global Investors now owns 4,994,382 shares of the company’s stock valued at $61,531,000 after buying an additional 75,905 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of ON Semiconductor Corp. during the third quarter valued at approximately $2,889,000. 97.35% of the stock is currently owned by institutional investors.
Shares of ON Semiconductor Corp. (NASDAQ:ON) opened at 11.40 on Thursday. ON Semiconductor Corp. has a 52-week low of $6.97 and a 52-week high of $12.69. The firm has a market capitalization of $4.75 billion, a PE ratio of 38.00 and a beta of 2.00. The company has a 50-day moving average price of $11.74 and a 200 day moving average price of $10.36.
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.
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.