ON Semiconductor Corporation (NASDAQ:ON)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group LLC in a note issued to investors on Wednesday. They presently have a $16.00 price objective on the semiconductor company’s stock. Jefferies Group LLC’s price target indicates a potential downside of 2.20% from the stock’s current price.

Several other equities analysts also recently issued reports on ON. Credit Suisse Group downgraded shares of ON Semiconductor Corporation from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $17.50 to $13.50 in a report on Tuesday, April 11th. Vetr raised shares of ON Semiconductor Corporation from a “sell” rating to a “strong-buy” rating and set a $16.85 price objective on the stock in a report on Tuesday, April 11th. B. Riley reaffirmed a “buy” rating and set a $18.00 price objective on shares of ON Semiconductor Corporation in a report on Monday, May 8th. Stifel Nicolaus increased their price objective on shares of ON Semiconductor Corporation from $18.00 to $20.00 and gave the company a “buy” rating in a report on Tuesday, May 9th. Finally, Zacks Investment Research raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $16.75.

ON Semiconductor Corporation (NASDAQ ON) traded down 0.49% on Wednesday, hitting $16.36. 9,036,728 shares of the company were exchanged. The firm’s 50 day moving average is $14.90 and its 200 day moving average is $14.89. ON Semiconductor Corporation has a 52 week low of $10.03 and a 52 week high of $16.93. The company has a market capitalization of $6.88 billion, a P/E ratio of 31.46 and a beta of 1.97.

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In other ON Semiconductor Corporation news, EVP William Hall sold 41,364 shares of ON Semiconductor Corporation stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $15.30, for a total transaction of $632,869.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bernard Raymond Colpitts, Jr. sold 6,100 shares of ON Semiconductor Corporation stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $15.59, for a total transaction of $95,099.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 124,690 shares of company stock valued at $1,954,040. 1.60% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. LSV Asset Management boosted its stake in shares of ON Semiconductor Corporation by 2,285.0% in the second quarter. LSV Asset Management now owns 2,761,800 shares of the semiconductor company’s stock worth $38,775,000 after buying an additional 2,646,000 shares in the last quarter. Rothschild Asset Management Inc. bought a new stake in shares of ON Semiconductor Corporation during the second quarter worth $34,313,000. TCW Group Inc. boosted its stake in shares of ON Semiconductor Corporation by 160.1% in the first quarter. TCW Group Inc. now owns 3,060,689 shares of the semiconductor company’s stock worth $47,410,000 after buying an additional 1,884,112 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its stake in shares of ON Semiconductor Corporation by 39.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 4,590,670 shares of the semiconductor company’s stock worth $64,453,000 after buying an additional 1,297,290 shares in the last quarter. Institutional investors and hedge funds own 97.43% 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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