Vetr downgraded shares of ON Semiconductor Corporation (NASDAQ:ON) from a buy rating to a hold rating in a research note published on Tuesday. They currently have $15.50 price target on the stock.

A number of other equities analysts also recently issued reports on ON. B. Riley reiterated a buy rating and set a $15.50 price target on shares of ON Semiconductor Corporation in a research report on Tuesday, December 13th. KeyCorp reiterated an overweight rating and set a $15.00 price target on shares of ON Semiconductor Corporation in a research report on Wednesday, December 28th. Pacific Crest reiterated a buy rating on shares of ON Semiconductor Corporation in a research report on Tuesday, November 8th. Deutsche Bank AG reiterated a buy rating and set a $15.00 price target on shares of ON Semiconductor Corporation in a research report on Tuesday, November 8th. Finally, Needham & Company LLC increased their price target on ON Semiconductor Corporation from $16.00 to $20.00 and gave the stock a buy rating in a research report on Monday. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. ON Semiconductor Corporation presently has a consensus rating of Buy and a consensus target price of $14.91.

Analyst Recommendations for ON Semiconductor Corporation (NASDAQ:ON)

ON Semiconductor Corporation (NASDAQ:ON) opened at 15.53 on Tuesday. The company’s 50-day moving average price is $13.70 and its 200-day moving average price is $11.99. The stock has a market cap of $6.48 billion, a PE ratio of 36.12 and a beta of 1.96. ON Semiconductor Corporation has a 12-month low of $7.50 and a 12-month high of $15.86.

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In other ON Semiconductor Corporation news, COO William A. Schromm sold 60,000 shares of the firm’s stock in a transaction on Monday, December 12th. The stock was sold at an average price of $12.12, for a total transaction of $727,200.00. Following the completion of the sale, the chief operating officer now owns 546,397 shares of the company’s stock, valued at $6,622,331.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William Hall sold 70,000 shares of the firm’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $12.00, for a total value of $840,000.00. Following the sale, the executive vice president now directly owns 484,287 shares of the company’s stock, valued at approximately $5,811,444. The disclosure for this sale can be found here. In the last ninety days, insiders sold 888,406 shares of company stock valued at $11,317,009. Insiders own 1.60% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. Amalgamated Bank boosted its stake in ON Semiconductor Corporation by 1.4% in the second quarter. Amalgamated Bank now owns 51,432 shares of the company’s stock valued at $528,000 after buying an additional 719 shares during the period. Legal & General Group Plc boosted its stake in ON Semiconductor Corporation by 21.0% in the second quarter. Legal & General Group Plc now owns 176,769 shares of the company’s stock valued at $1,558,000 after buying an additional 30,623 shares during the period. Capital International Inc. CA boosted its stake in ON Semiconductor Corporation by 40.9% in the second quarter. Capital International Inc. CA now owns 240,100 shares of the company’s stock valued at $2,118,000 after buying an additional 69,700 shares during the period. Capital Guardian Trust Co. boosted its stake in ON Semiconductor Corporation by 2.3% in the second quarter. Capital Guardian Trust Co. now owns 6,954,509 shares of the company’s stock valued at $61,339,000 after buying an additional 158,900 shares during the period. Finally, Capital International Investors boosted its stake in ON Semiconductor Corporation by 88.6% in the second quarter. Capital International Investors now owns 21,106,509 shares of the company’s stock valued at $186,159,000 after buying an additional 9,913,421 shares during the period.

ON Semiconductor Corporation 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.

5 Day Chart for NASDAQ:ON

To view Vetr’s full report, visit Vetr’s official website.

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