BidaskClub upgraded shares of ON Semiconductor Corporation (NASDAQ:ON) from a hold rating to a buy rating in a report issued on Thursday morning.

A number of other brokerages have also recently issued reports on ON. Jefferies Group LLC reissued a hold rating and issued a $16.00 target price on shares of ON Semiconductor Corporation in a research report on Tuesday, September 12th. Goldman Sachs Group, Inc. (The) cut shares of ON Semiconductor Corporation from a buy rating to a neutral rating and set a $18.00 target price for the company. in a research report on Tuesday, September 12th. KeyCorp reissued a hold rating on shares of ON Semiconductor Corporation in a research report on Tuesday, September 12th. Needham & Company LLC reissued a buy rating and issued a $25.00 target price on shares of ON Semiconductor Corporation in a research report on Monday, September 11th. Finally, ValuEngine cut shares of ON Semiconductor Corporation from a strong-buy rating to a buy rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $17.91.

ON Semiconductor Corporation (ON) opened at 17.64 on Thursday. The firm has a market cap of $7.44 billion, a PE ratio of 25.98 and a beta of 1.98. The stock has a 50 day moving average of $16.37 and a 200-day moving average of $15.37. ON Semiconductor Corporation has a 52 week low of $10.74 and a 52 week high of $17.73.

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In other ON Semiconductor Corporation news, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the business’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $16.31, for a total transaction of $40,611.90. Following the completion of the transaction, the insider now owns 24,591 shares of the company’s stock, valued at $401,079.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Daryl Ostrander sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $16.78, for a total value of $33,560.00. Following the transaction, the director now directly owns 65,458 shares of the company’s stock, valued at approximately $1,098,385.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,548 shares of company stock valued at $450,275. Insiders own 1.60% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Segantii Capital Management Ltd acquired a new position in ON Semiconductor Corporation during the first quarter worth about $101,000. Israel Discount Bank of New York acquired a new position in ON Semiconductor Corporation during the first quarter worth about $102,000. Oppenheimer Asset Management Inc. acquired a new position in ON Semiconductor Corporation during the first quarter worth about $110,000. Tower Research Capital LLC TRC raised its stake in ON Semiconductor Corporation by 2,234.7% during the first quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 9,609 shares in the last quarter. Finally, Nine Chapters Capital Management LLC acquired a new position in ON Semiconductor Corporation during the second quarter worth about $157,000. 98.07% of the stock is owned by hedge funds and other institutional investors.

About ON Semiconductor Corporation

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 Corporation (NASDAQ:ON)

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