ON Semiconductor Corporation (NASDAQ:ON)‘s stock had its “buy” rating reissued by equities researchers at Bank of America Corporation in a report released on Sunday.

Several other brokerages also recently weighed in on ON. B. Riley reaffirmed a “buy” rating and issued a $18.00 target price on shares of ON Semiconductor Corporation in a research report on Saturday, June 17th. BidaskClub upgraded shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Needham & Company LLC upgraded shares of ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 7th. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor Corporation in a research note on Tuesday, September 12th. Finally, Craig Hallum began coverage on shares of ON Semiconductor Corporation in a research note on Monday, September 25th. They set a “buy” rating and a $25.00 price target on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.28.

Shares of ON Semiconductor Corporation (NASDAQ:ON) traded up 0.71% on Friday, hitting $18.47. The company had a trading volume of 3,689,043 shares. The firm has a market capitalization of $7.79 billion, a P/E ratio of 27.16 and a beta of 1.98. The firm has a 50 day moving average of $16.37 and a 200-day moving average of $15.37. ON Semiconductor Corporation has a 12-month low of $10.74 and a 12-month high of $18.49.

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In other news, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 24,591 shares of the company’s stock, valued at approximately $401,079.21. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP George H. Cave sold 19,385 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $18.00, for a total transaction of $348,930.00. Following the completion of the sale, the executive vice president now directly owns 308,054 shares of the company’s stock, valued at approximately $5,544,972. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,933 shares of company stock valued at $799,205. 1.60% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Segantii Capital Management Ltd purchased a new stake in ON Semiconductor Corporation during the first quarter valued at approximately $101,000. Oppenheimer Asset Management Inc. purchased a new stake in ON Semiconductor Corporation during the first quarter valued at approximately $110,000. Tower Research Capital LLC TRC lifted its position in ON Semiconductor Corporation by 2,234.7% during the first quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 9,609 shares during the last quarter. Nine Chapters Capital Management LLC purchased a new stake in ON Semiconductor Corporation during the second quarter valued at approximately $157,000. Finally, Marshall Wace North America L.P. purchased a new stake in ON Semiconductor Corporation during the second quarter valued at approximately $184,000. 98.07% of the stock is owned by institutional investors.

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.

Analyst Recommendations for ON Semiconductor Corporation (NASDAQ:ON)

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