BidaskClub upgraded shares of ON Semiconductor Corporation (NASDAQ:ON) from a buy rating to a strong-buy rating in a report released on Tuesday.

Several other equities research analysts also recently issued reports on ON. B. Riley reaffirmed a buy rating and set a $18.00 price target on shares of ON Semiconductor Corporation in a report on Monday, June 12th. Raymond James Financial, Inc. initiated coverage on ON Semiconductor Corporation in a report on Friday, June 16th. They set an outperform rating and a $19.00 price target for the company. Zacks Investment Research downgraded ON Semiconductor Corporation from a buy rating to a hold rating in a report on Tuesday, July 11th. Needham & Company LLC raised ON Semiconductor Corporation from a buy rating to a strong-buy rating in a report on Monday, August 7th. Finally, Credit Suisse Group raised their price target on ON Semiconductor Corporation from $13.50 to $14.50 and gave the company an underperform rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $18.55.

Shares of ON Semiconductor Corporation (NASDAQ ON) opened at 19.23 on Tuesday. The stock has a 50 day moving average of $17.29 and a 200-day moving average of $15.66. ON Semiconductor Corporation has a 52 week low of $10.74 and a 52 week high of $19.33. The firm has a market capitalization of $8.11 billion, a PE ratio of 28.32 and a beta of 2.01.

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In other news, EVP George H. Cave sold 3,567 shares of ON Semiconductor Corporation stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $18.54, for a total transaction of $66,132.18. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of ON Semiconductor Corporation stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $16.31, for a total value of $40,611.90. Following the sale, the insider now directly owns 24,591 shares in the company, valued at $401,079.21. The disclosure for this sale can be found here. Insiders have sold 74,723 shares of company stock worth $1,336,427 over the last three months. Insiders own 1.60% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas lifted its stake in shares of ON Semiconductor Corporation by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 33,379 shares of the semiconductor company’s stock worth $469,000 after acquiring an additional 127 shares during the period. Chase Investment Counsel Corp lifted its stake in shares of ON Semiconductor Corporation by 0.3% in the second quarter. Chase Investment Counsel Corp now owns 91,155 shares of the semiconductor company’s stock worth $1,279,000 after acquiring an additional 254 shares during the period. Numeric Investors LLC lifted its stake in shares of ON Semiconductor Corporation by 0.3% in the second quarter. Numeric Investors LLC now owns 89,300 shares of the semiconductor company’s stock worth $1,254,000 after acquiring an additional 300 shares during the period. Amalgamated Bank lifted its stake in shares of ON Semiconductor Corporation by 0.7% in the first quarter. Amalgamated Bank now owns 59,332 shares of the semiconductor company’s stock worth $919,000 after acquiring an additional 393 shares during the period. Finally, Krilogy Financial LLC lifted its stake in shares of ON Semiconductor Corporation by 2.8% in the second quarter. Krilogy Financial LLC now owns 16,400 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 450 shares during the period. 98.07% of the stock is currently owned by institutional investors.

ON Semiconductor Corporation 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.

Analyst Recommendations for ON Semiconductor Corporation (NASDAQ:ON)

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