ON Semiconductor (ON) Earns Hold Rating from KeyCorp
ON Semiconductor (NASDAQ:ON)‘s stock had its “hold” rating reiterated by stock analysts at KeyCorp in a report issued on Monday.
A number of other equities analysts have also weighed in on ON. B. Riley restated a “buy” rating and set a $21.00 price target on shares of ON Semiconductor in a research report on Sunday, August 13th. Robert W. Baird restated a “buy” rating and set a $25.00 price target on shares of ON Semiconductor in a research report on Tuesday, October 17th. ValuEngine lowered shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Jefferies Group restated a “hold” rating and set a $16.00 price target on shares of ON Semiconductor in a research report on Tuesday, September 12th. Finally, Craig Hallum boosted their price target on shares of ON Semiconductor from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. ON Semiconductor currently has an average rating of “Buy” and an average price target of $21.23.
ON Semiconductor (ON) opened at $19.42 on Monday. ON Semiconductor has a fifty-two week low of $11.85 and a fifty-two week high of $22.15. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25. The firm has a market cap of $8,237.23, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 0.74 and a beta of 2.02.
Institutional investors have recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its stake in ON Semiconductor by 1.3% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 783,224 shares of the semiconductor company’s stock worth $10,996,000 after purchasing an additional 10,400 shares during the period. ARP Americas LLC acquired a new stake in ON Semiconductor during the 3rd quarter worth $316,000. SignalPoint Asset Management LLC acquired a new stake in ON Semiconductor during the 3rd quarter worth $739,000. Commerce Bank boosted its stake in ON Semiconductor by 387.3% during the 3rd quarter. Commerce Bank now owns 74,358 shares of the semiconductor company’s stock worth $1,374,000 after purchasing an additional 59,100 shares during the period. Finally, Atwood & Palmer Inc. acquired a new stake in ON Semiconductor during the 2nd quarter worth $5,226,000. Institutional investors and hedge funds own 99.82% 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.
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