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.

In other news, EVP George H. Cave sold 19,385 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $18.00, for a total value of $348,930.00. Following the completion of the transaction, the executive vice president now owns 308,054 shares of the company’s stock, valued at approximately $5,544,972. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Anthony Mascarenas sold 9,375 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $18.30, for a total transaction of $171,562.50. Following the completion of the transaction, the director now directly owns 58,379 shares of the company’s stock, valued at approximately $1,068,335.70. The disclosure for this sale can be found here. Insiders have sold a total of 734,526 shares of company stock valued at $14,597,833 in the last quarter. Corporate insiders own 1.60% of the company’s stock.

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.

Analyst Recommendations for ON Semiconductor (NASDAQ:ON)

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