ON Semiconductor Corporation (NASDAQ:ON) Receiving Somewhat Positive Media Coverage, Analysis Finds
News headlines about ON Semiconductor Corporation (NASDAQ:ON) have trended somewhat positive recently, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. ON Semiconductor Corporation earned a news impact score of 0.22 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.2227641029469 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Bernard Raymond Colpitts, Jr. Sells 2,490 Shares of ON Semiconductor Corporation (ON) Stock (americanbankingnews.com)
- Highlights From ON Semiconductor's Q2 2017 Report (finance.yahoo.com)
- BRIEF-Magnachip Semiconductor reports temporary power outage at a facility (businessinsider.com)
- ON Semiconductor Corporation (NASDAQ:ON) Expected to Announce Quarterly Sales of $1.36 Billion (topix.com)
- Cypress Semiconductor Corporation (NASDAQ:CY) Short Interest Down 14.2% in July (vothemes.com)
A number of research analysts recently weighed in on ON shares. Stifel Nicolaus boosted their target price on ON Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Tuesday, May 9th. Zacks Investment Research raised ON Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Tuesday, May 9th. Credit Suisse Group reissued a “sell” rating and set a $14.00 target price on shares of ON Semiconductor Corporation in a report on Wednesday, May 10th. BidaskClub raised ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Raymond James Financial, Inc. started coverage on ON Semiconductor Corporation in a report on Friday, June 16th. They set an “outperform” rating and a $19.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $16.97.
ON Semiconductor Corporation (NASDAQ:ON) traded up 2.38% during mid-day trading on Friday, hitting $15.94. The stock had a trading volume of 7,609,144 shares. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 23.48 and a beta of 1.97. The firm’s 50-day moving average is $15.03 and its 200 day moving average is $14.99. ON Semiconductor Corporation has a 12 month low of $10.08 and a 12 month high of $16.93.
In other news, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of ON Semiconductor Corporation stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $16.31, for a total value of $40,611.90. Following the completion of the transaction, the insider now directly owns 24,591 shares in the company, valued at $401,079.21. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP William Hall sold 41,364 shares of ON Semiconductor Corporation stock in a transaction on Monday, May 15th. The shares were sold at an average price of $15.30, for a total value of $632,869.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 127,180 shares of company stock valued at $1,994,652. 1.60% of the stock is owned by company insiders.
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.
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