BidaskClub upgraded shares of ON Semiconductor (NASDAQ:ON) from a buy rating to a strong-buy rating in a research note published on Friday.

Several other analysts also recently issued reports on ON. Credit Suisse Group upped their price target on shares of ON Semiconductor from $14.50 to $17.00 and gave the company an underperform rating in a report on Tuesday, November 7th. Needham & Company LLC reaffirmed a buy rating and issued a $25.00 price target on shares of ON Semiconductor in a report on Tuesday, December 19th. ValuEngine downgraded shares of ON Semiconductor from a strong-buy rating to a buy rating in a report on Friday, December 1st. Goldman Sachs Group downgraded shares of ON Semiconductor from a buy rating to a neutral rating and set a $18.00 price target on the stock. in a report on Tuesday, September 12th. Finally, Jefferies Group upped their price target on shares of ON Semiconductor from $20.00 to $21.00 and gave the company a hold rating in a report on Tuesday, November 7th. One 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 issued a strong buy rating to the company. ON Semiconductor has an average rating of Buy and an average target price of $21.70.

ON Semiconductor (NASDAQ ON) traded up $0.05 during mid-day trading on Friday, reaching $22.83. 4,773,694 shares of the company were exchanged, compared to its average volume of 5,610,000. The stock has a market capitalization of $9,700.00, a P/E ratio of 24.82, a P/E/G ratio of 0.75 and a beta of 2.02. ON Semiconductor has a 52-week low of $12.82 and a 52-week high of $23.20. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.

In other news, Director Daryl Ostrander sold 1,398 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $19.10, for a total value of $26,701.80. Following the completion of the sale, the director now owns 64,060 shares of the company’s stock, valued at $1,223,546. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul E. Rolls sold 35,768 shares of the stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $19.41, for a total transaction of $694,256.88. The disclosure for this sale can be found here. Insiders have sold 703,250 shares of company stock valued at $14,067,067 in the last ninety days. 1.60% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in shares of ON Semiconductor by 13.5% in the second quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock valued at $113,000 after purchasing an additional 960 shares during the period. BB&T Securities LLC purchased a new position in shares of ON Semiconductor in the third quarter valued at $187,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of ON Semiconductor in the third quarter valued at $200,000. Oppenheimer & Co. Inc. purchased a new position in shares of ON Semiconductor in the third quarter valued at $231,000. Finally, Moors & Cabot Inc. purchased a new position in shares of ON Semiconductor in the third quarter valued at $233,000. 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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