BidaskClub downgraded shares of ON Semiconductor Corporation (NASDAQ:ON) from a buy rating to a hold rating in a research report sent to investors on Thursday.

Other research analysts have also issued reports about the company. B. Riley reiterated a buy rating and issued a $18.00 price objective on shares of ON Semiconductor Corporation in a research report on Saturday, June 17th. MKM Partners restated a buy rating and set a $20.00 price target on shares of ON Semiconductor Corporation in a research report on Friday, April 7th. Zacks Investment Research upgraded ON Semiconductor Corporation from a hold rating to a buy rating and set a $16.00 price target for the company in a research report on Tuesday, May 9th. Stifel Nicolaus raised their price target on ON Semiconductor Corporation from $18.00 to $20.00 and gave the stock a buy rating in a research report on Tuesday, May 9th. Finally, Raymond James Financial, Inc. started coverage on ON Semiconductor Corporation in a research report on Friday, June 16th. They set an outperform rating and a $19.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $16.40.

Shares of ON Semiconductor Corporation (NASDAQ ON) traded down 0.60% during midday trading on Thursday, reaching $14.99. The company’s stock had a trading volume of 1,529,405 shares. The company has a market capitalization of $6.31 billion, a P/E ratio of 28.83 and a beta of 1.97. ON Semiconductor Corporation has a one year low of $9.65 and a one year high of $16.93. The stock’s 50-day moving average is $15.02 and its 200-day moving average is $14.85.

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In related news, Director Gilles Delfassy sold 4,500 shares of ON Semiconductor Corporation stock in a transaction on Friday, June 9th. The stock was sold at an average price of $16.87, for a total value of $75,915.00. Following the completion of the transaction, the director now directly owns 33,044 shares in the company, valued at $557,452.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robert A. Klosterboer sold 10,000 shares of ON Semiconductor Corporation stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $15.40, for a total value of $154,000.00. Following the completion of the transaction, the executive vice president now owns 324,320 shares of the company’s stock, valued at $4,994,528. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,690 shares of company stock valued at $2,094,440. 1.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in ON Semiconductor Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 33,263,248 shares of the semiconductor company’s stock worth $515,248,000 after buying an additional 1,655,255 shares in the last quarter. Boston Partners boosted its stake in ON Semiconductor Corporation by 5.5% in the first quarter. Boston Partners now owns 20,408,521 shares of the semiconductor company’s stock worth $316,128,000 after buying an additional 1,068,570 shares in the last quarter. Pictet Asset Management Ltd. boosted its stake in ON Semiconductor Corporation by 10.4% in the first quarter. Pictet Asset Management Ltd. now owns 7,376,170 shares of the semiconductor company’s stock worth $114,257,000 after buying an additional 694,382 shares in the last quarter. Schroder Investment Management Group boosted its stake in ON Semiconductor Corporation by 8.4% in the first quarter. Schroder Investment Management Group now owns 6,102,336 shares of the semiconductor company’s stock worth $94,098,000 after buying an additional 471,813 shares in the last quarter. Finally, FIL Ltd boosted its stake in ON Semiconductor Corporation by 5.1% in the first quarter. FIL Ltd now owns 4,670,000 shares of the semiconductor company’s stock worth $72,339,000 after buying an additional 225,000 shares in the last quarter. Hedge funds and other institutional investors own 96.50% of the company’s stock.

About ON Semiconductor Corporation

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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