ON Semiconductor Corporation (NASDAQ:ON)‘s stock had its “buy” rating reaffirmed by equities research analysts at Bank of America Corporation in a report released on Monday. They presently have a $25.00 price objective on the semiconductor company’s stock. Bank of America Corporation’s price target indicates a potential upside of 15.96% from the company’s previous close.

A number of other equities analysts also recently issued reports on ON. B. Riley reiterated a “buy” rating and issued a $21.00 price target on shares of ON Semiconductor Corporation in a report on Sunday, August 13th. Craig Hallum raised their target price on shares of ON Semiconductor Corporation from $25.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Group LLC raised their target price on shares of ON Semiconductor Corporation from $20.00 to $21.00 and gave the company a “hold” rating in a report on Tuesday, November 7th. Finally, Morgan Stanley raised their target price on shares of ON Semiconductor Corporation from $16.00 to $17.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.23.

ON Semiconductor Corporation (NASDAQ ON) traded up $0.13 during mid-day trading on Monday, hitting $21.56. 6,375,700 shares of the stock traded hands, compared to its average volume of 6,241,883. 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 $9,130.00, a PE ratio of 19.78, a PEG ratio of 0.82 and a beta of 2.06. ON Semiconductor Corporation has a one year low of $10.85 and a one year high of $22.03.

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In other news, EVP Robert A. Klosterboer sold 16,325 shares of the business’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $20.23, for a total transaction of $330,254.75. Following the transaction, the executive vice president now directly owns 409,848 shares of the company’s stock, valued at $8,291,225.04. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Bernard Gutmann sold 20,000 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $19.62, for a total transaction of $392,400.00. Following the transaction, the chief financial officer now directly owns 555,248 shares in the company, valued at $10,893,965.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 620,517 shares of company stock worth $12,041,308. Corporate insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. bought a new stake in shares of ON Semiconductor Corporation in the first quarter worth $110,000. Nine Chapters Capital Management LLC bought a new stake in ON Semiconductor Corporation during the second quarter valued at $157,000. Marshall Wace North America L.P. bought a new stake in ON Semiconductor Corporation during the second quarter valued at $184,000. BB&T Securities LLC bought a new stake in ON Semiconductor Corporation during the third quarter valued at $187,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in ON Semiconductor Corporation during the third quarter valued at $200,000. 96.09% of the stock is currently owned by institutional investors and hedge funds.

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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