ON Semiconductor Corporation (NASDAQ:ON) was upgraded by research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other brokerages have also weighed in on ON. Zacks Investment Research raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Tuesday, May 9th. Stifel Nicolaus upped their target price on shares of ON Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. B. Riley reaffirmed a “buy” rating and issued a $18.00 target price on shares of ON Semiconductor Corporation in a research note on Monday, May 8th. ValuEngine lowered shares of ON Semiconductor Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 8th. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 target price on shares of ON Semiconductor Corporation in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, fifteen 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 an average price target of $17.07.

Shares of ON Semiconductor Corporation (ON) traded up 1.00% during mid-day trading on Friday, hitting $17.25. The company had a trading volume of 4,499,830 shares. The company has a market capitalization of $7.27 billion, a P/E ratio of 25.41 and a beta of 1.97. ON Semiconductor Corporation has a one year low of $10.08 and a one year high of $17.33. The firm’s 50-day moving average price is $15.81 and its 200 day moving average price is $15.26.

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In other ON Semiconductor Corporation news, EVP George H. Cave sold 6,943 shares of the stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $17.00, for a total value of $118,031.00. Following the transaction, the executive vice president now directly owns 330,496 shares of the company’s stock, valued at approximately $5,618,432. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daryl Ostrander sold 17,726 shares of the stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $16.18, for a total transaction of $286,806.68. Following the completion of the transaction, the director now directly owns 67,458 shares in the company, valued at $1,091,470.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 76,659 shares of company stock worth $1,246,715. Insiders own 1.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ON. Segantii Capital Management Ltd bought a new position in ON Semiconductor Corporation in the 1st quarter valued at about $101,000. Israel Discount Bank of New York bought a new position in ON Semiconductor Corporation in the 1st quarter valued at about $102,000. Oppenheimer Asset Management Inc. bought a new position in ON Semiconductor Corporation in the 1st quarter valued at about $110,000. Tower Research Capital LLC TRC raised its holdings in ON Semiconductor Corporation by 2,234.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 9,609 shares during the period. Finally, Nine Chapters Capital Management LLC bought a new position in ON Semiconductor Corporation in the 2nd quarter valued at about $157,000. 98.06% of the stock is currently owned by hedge funds and other institutional investors.

About ON Semiconductor Corporation

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.

Analyst Recommendations for ON Semiconductor Corporation (NASDAQ:ON)

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