Research analysts at Craig Hallum initiated coverage on shares of ON Semiconductor Corporation (NASDAQ:ON) in a research report issued on Monday. The firm set a “buy” rating and a $25.00 price target on the semiconductor company’s stock. Craig Hallum’s price objective indicates a potential upside of 41.72% from the stock’s current price.

Other research analysts also recently issued reports about the company. B. Riley reiterated a “buy” rating and issued a $18.00 price target on shares of ON Semiconductor Corporation in a report on Saturday, June 17th. BidaskClub raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Needham & Company LLC raised shares of ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 7th. KeyCorp reissued a “hold” rating on shares of ON Semiconductor Corporation in a research note on Tuesday, September 12th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $17.00 price objective (up from $16.00) on shares of ON Semiconductor Corporation in a research note on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. ON Semiconductor Corporation has a consensus rating of “Buy” and a consensus price target of $18.28.

ON Semiconductor Corporation (NASDAQ:ON) opened at 17.64 on Monday. The stock has a 50 day moving average price of $16.37 and a 200 day moving average price of $15.37. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 25.98 and a beta of 1.98. ON Semiconductor Corporation has a 52-week low of $10.74 and a 52-week high of $17.73.

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In other ON Semiconductor Corporation news, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the company’s stock in a transaction dated Wednesday, August 9th. The shares were 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 of the company’s stock, valued at approximately $401,079.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Paul E. Rolls sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $17.00, for a total transaction of $170,000.00. Following the completion of the transaction, the vice president now directly owns 368,029 shares of the company’s stock, valued at $6,256,493. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,548 shares of company stock valued at $450,275. 1.60% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Segantii Capital Management Ltd acquired a new stake in shares of ON Semiconductor Corporation in the 1st quarter valued at about $101,000. Israel Discount Bank of New York acquired a new stake in shares of ON Semiconductor Corporation in the 1st quarter valued at about $102,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of ON Semiconductor Corporation in the 1st quarter valued at about $110,000. Tower Research Capital LLC TRC raised its stake in shares of ON Semiconductor Corporation by 2,234.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 9,609 shares in the last quarter. Finally, Nine Chapters Capital Management LLC acquired a new stake in shares of ON Semiconductor Corporation in the 2nd quarter valued at about $157,000. 98.07% of the stock is owned by institutional investors.

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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