ON Semiconductor (NASDAQ:ON) had its target price boosted by research analysts at Morgan Stanley from $18.50 to $20.00 in a research note issued on Wednesday. The firm presently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s price objective would indicate a potential upside of 2.35% from the company’s previous close.

A number of other brokerages have also weighed in on ON. KeyCorp reaffirmed a “hold” rating on shares of ON Semiconductor in a research note on Monday. Robert W. Baird reaffirmed a “buy” rating and issued a $25.00 price target on shares of ON Semiconductor in a research note on Tuesday, October 17th. Jefferies Group reaffirmed a “hold” rating and issued a $16.00 price target on shares of ON Semiconductor in a research note on Tuesday, September 12th. Craig Hallum raised their price target on shares of ON Semiconductor from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Finally, Goldman Sachs Group lowered shares of ON Semiconductor from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $21.39.

Shares of ON Semiconductor (NASDAQ:ON) opened at $19.54 on Wednesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97. ON Semiconductor has a 12 month low of $12.36 and a 12 month high of $22.15. The stock has a market cap of $8,290.00, a PE ratio of 17.76, a PEG ratio of 0.73 and a beta of 2.02.

In other news, EVP William Hall sold 54,366 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $21.83, for a total transaction of $1,186,809.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Paul E. Rolls sold 35,768 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $19.41, for a total transaction of $694,256.88. The disclosure for this sale can be found here. Insiders sold a total of 734,526 shares of company stock worth $14,597,833 over the last three months. Corporate 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. Aperio Group LLC increased its holdings in ON Semiconductor by 6.8% in the 2nd quarter. Aperio Group LLC now owns 50,366 shares of the semiconductor company’s stock valued at $707,000 after purchasing an additional 3,224 shares during the last quarter. World Asset Management Inc increased its holdings in ON Semiconductor by 31.8% in the 2nd quarter. World Asset Management Inc now owns 20,312 shares of the semiconductor company’s stock valued at $285,000 after purchasing an additional 4,898 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in ON Semiconductor by 99.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 523,100 shares of the semiconductor company’s stock valued at $7,344,000 after purchasing an additional 260,900 shares during the last quarter. First Trust Advisors LP increased its holdings in ON Semiconductor by 34.9% in the 2nd quarter. First Trust Advisors LP now owns 1,615,598 shares of the semiconductor company’s stock valued at $22,683,000 after purchasing an additional 417,891 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in ON Semiconductor by 0.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 33,379 shares of the semiconductor company’s stock valued at $469,000 after purchasing an additional 127 shares during the last quarter. Institutional investors and hedge funds own 99.82% of the company’s stock.

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ON Semiconductor 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 (NASDAQ:ON)

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