ON Semiconductor (NASDAQ:ON) had its price objective raised by equities researchers at Morgan Stanley from $18.50 to $20.00 in a note issued to investors on Wednesday. The brokerage currently has an “equal weight” rating on the semiconductor company’s stock. Morgan Stanley’s target price suggests a potential upside of 3.31% from the company’s previous close.

A number of other research firms also recently weighed in on ON. Bank of America reiterated a “buy” rating and set a $25.00 price target on shares of ON Semiconductor in a research note on Monday, November 13th. Zacks Investment Research downgraded shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Loop Capital boosted their target price on shares of ON Semiconductor from $22.00 to $27.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Craig Hallum boosted their target price on shares of ON Semiconductor from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Finally, Jefferies Group boosted their target price on shares of ON Semiconductor from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $21.39.

ON Semiconductor (NASDAQ:ON) traded down $0.12 on Wednesday, reaching $19.36. 7,154,200 shares of the company’s stock were exchanged, compared to its average volume of 6,215,063. ON Semiconductor has a 1 year low of $11.95 and a 1 year high of $22.15. 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 capitalization of $8,262.68, a P/E ratio of 17.87, a P/E/G ratio of 0.74 and a beta of 2.02.

In other ON Semiconductor news, Director Daryl Ostrander sold 1,398 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $19.10, for a total transaction of $26,701.80. Following the completion of the sale, the director now directly owns 64,060 shares of the company’s stock, valued at approximately $1,223,546. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP William Hall sold 54,366 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $21.83, for a total value of $1,186,809.78. The disclosure for this sale can be found here. Insiders sold 737,583 shares of company stock valued at $14,651,330 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in ON. Aperio Group LLC raised its holdings in ON Semiconductor by 6.8% during the 2nd quarter. Aperio Group LLC now owns 50,366 shares of the semiconductor company’s stock worth $707,000 after purchasing an additional 3,224 shares during the last quarter. World Asset Management Inc increased its stake in shares of ON Semiconductor by 31.8% in the 2nd quarter. World Asset Management Inc now owns 20,312 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 4,898 shares during the last quarter. Canada Pension Plan Investment Board increased its stake in shares of ON Semiconductor by 99.5% in the 2nd quarter. Canada Pension Plan Investment Board now owns 523,100 shares of the semiconductor company’s stock valued at $7,344,000 after acquiring an additional 260,900 shares during the last quarter. First Trust Advisors LP increased its stake in shares of ON Semiconductor by 34.9% in the 2nd quarter. First Trust Advisors LP now owns 1,615,598 shares of the semiconductor company’s stock valued at $22,683,000 after acquiring an additional 417,891 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its stake in shares of ON Semiconductor by 0.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 33,379 shares of the semiconductor company’s stock valued at $469,000 after acquiring an additional 127 shares during the last quarter. 99.82% of the stock is owned by hedge funds and other institutional investors.

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About ON Semiconductor

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 (NASDAQ:ON)

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