ON Semiconductor (ON) Stock Rating Reaffirmed by Needham & Company LLC
ON Semiconductor (NASDAQ:ON)‘s stock had its “buy” rating restated by research analysts at Needham & Company LLC in a research note issued on Tuesday. They currently have a $25.00 price target on the semiconductor company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 19.27% from the company’s previous close.
Several other research analysts have also recently weighed in on ON. KeyCorp restated a “hold” rating on shares of ON Semiconductor in a research report on Tuesday, September 12th. Credit Suisse Group boosted their price objective on shares of ON Semiconductor from $14.50 to $17.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 7th. Zacks Investment Research cut shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. BidaskClub upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Robert W. Baird restated a “buy” rating and issued a $25.00 price objective on shares of ON Semiconductor in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. ON Semiconductor has an average rating of “Buy” and a consensus target price of $21.37.
ON Semiconductor (NASDAQ:ON) opened at $20.96 on Tuesday. The company has a market capitalization of $8,822.57, a P/E ratio of 19.08, a PEG ratio of 0.79 and a beta of 2.02. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20. ON Semiconductor has a 1-year low of $12.37 and a 1-year high of $22.15.
Hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. boosted its stake in ON Semiconductor by 13.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 960 shares during the period. Marshall Wace North America L.P. acquired a new position in ON Semiconductor in the 2nd quarter worth $184,000. BB&T Securities LLC acquired a new position in ON Semiconductor in the 3rd quarter worth $187,000. Cambridge Investment Research Advisors Inc. acquired a new position in ON Semiconductor in the 3rd quarter worth $200,000. Finally, Airain ltd acquired a new position in ON Semiconductor in the 2nd quarter worth $207,000. 99.53% of the stock is owned by 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.
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