Vetr upgraded shares of ON Semiconductor Corp. (NASDAQ:ON) from a sell rating to a hold rating in a research report report published on Tuesday morning. Vetr currently has $11.98 target price on the stock.

A number of other equities analysts have also weighed in on ON. B. Riley reissued a buy rating and issued a $15.00 target price on shares of ON Semiconductor Corp. in a research report on Sunday, August 14th. Jefferies Group boosted their target price on ON Semiconductor Corp. from $10.50 to $13.00 and gave the stock a hold rating in a research report on Tuesday, September 20th. Pacific Crest reissued a buy rating on shares of ON Semiconductor Corp. in a research report on Tuesday, November 8th. Mizuho reissued an outperform rating and issued a $16.00 target price on shares of ON Semiconductor Corp. in a research report on Friday, September 9th. Finally, Deutsche Bank AG restated a buy rating and set a $15.00 price target on shares of ON Semiconductor Corp. in a research note on Tuesday, November 8th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $13.61.

ON Semiconductor Corp. (NASDAQ:ON) opened at 11.91 on Tuesday. The firm’s 50-day moving average is $11.64 and its 200-day moving average is $10.53. ON Semiconductor Corp. has a 12 month low of $6.97 and a 12 month high of $12.69. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 39.70 and a beta of 2.00.

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In related news, VP Paul E. Rolls sold 3,507 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $12.50, for a total transaction of $43,837.50. Following the sale, the vice president now owns 265,345 shares of the company’s stock, valued at $3,316,812.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Anthony Mascarenas acquired 2,500 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The shares were bought at an average cost of $11.30 per share, for a total transaction of $28,250.00. Following the transaction, the director now owns 55,028 shares of the company’s stock, valued at $621,816.40. The disclosure for this purchase can be found here. Insiders own 1.60% of the company’s stock.

A number of large investors have recently modified their holdings of ON. Ifrah Financial Services Inc. increased its stake in shares of ON Semiconductor Corp. by 1.2% in the second quarter. Ifrah Financial Services Inc. now owns 20,919 shares of the company’s stock worth $185,000 after buying an additional 257 shares during the last quarter. Emerald Mutual Fund Advisers Trust increased its stake in shares of ON Semiconductor Corp. by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 14,642 shares of the company’s stock worth $129,000 after buying an additional 356 shares during the last quarter. Amalgamated Bank increased its stake in shares of ON Semiconductor Corp. by 1.4% in the second quarter. Amalgamated Bank now owns 51,432 shares of the company’s stock worth $528,000 after buying an additional 719 shares during the last quarter. Globeflex Capital L P increased its stake in shares of ON Semiconductor Corp. by 0.6% in the second quarter. Globeflex Capital L P now owns 159,730 shares of the company’s stock worth $1,409,000 after buying an additional 900 shares during the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in shares of ON Semiconductor Corp. by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 188,747 shares of the company’s stock worth $1,665,000 after buying an additional 906 shares during the last quarter. 96.66% of the stock is currently owned by institutional investors.

ON Semiconductor Corp. Company Profile

ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal integrated circuits (ICs), standard products, image sensors and custom devices for customers to solve their design challenges in advanced electronic systems and products. The Company operates through four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.

5 Day Chart for NASDAQ:ON

To view Vetr’s full report, visit Vetr’s official website.

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