ON Semiconductor (NASDAQ:ON) had its price objective upped by Craig Hallum from $26.00 to $28.00 in a research report report published on Monday, MarketBeat.com reports. Craig Hallum currently has a buy rating on the semiconductor company’s stock.
A number of other research firms have also recently commented on ON. Vetr raised shares of ON Semiconductor from a hold rating to a buy rating and set a $26.75 price objective for the company in a research report on Monday, January 22nd. Zacks Investment Research cut shares of ON Semiconductor from a hold rating to a sell rating in a research report on Wednesday, January 24th. ValuEngine raised shares of ON Semiconductor from a hold rating to a buy rating in a research report on Friday, February 2nd. BidaskClub cut shares of ON Semiconductor from a strong-buy rating to a buy rating in a research report on Friday, January 26th. Finally, Mizuho lifted their price objective on shares of ON Semiconductor from $26.00 to $27.00 and gave the stock a buy rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. ON Semiconductor presently has a consensus rating of Buy and a consensus target price of $23.99.
ON Semiconductor (NASDAQ:ON) opened at $20.81 on Monday. ON Semiconductor has a 52 week low of $13.65 and a 52 week high of $25.60. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20. The firm has a market cap of $9,357.02, a price-to-earnings ratio of 19.02, a P/E/G ratio of 1.04 and a beta of 2.08.
In related news, EVP William Hall sold 22,583 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $23.86, for a total value of $538,830.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO William A. Schromm sold 54,366 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $21.18, for a total value of $1,151,471.88. Following the completion of the transaction, the chief operating officer now directly owns 666,815 shares of the company’s stock, valued at approximately $14,123,141.70. The disclosure for this sale can be found here. In the last three months, insiders sold 98,246 shares of company stock valued at $2,140,940. 1.60% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of ON. Harel Insurance Investments & Financial Services Ltd. acquired a new position in ON Semiconductor in the fourth quarter valued at about $101,000. BB&T Securities LLC acquired a new position in ON Semiconductor in the third quarter valued at about $187,000. Cambridge Investment Research Advisors Inc. acquired a new position in ON Semiconductor in the third quarter valued at about $200,000. Ifrah Financial Services Inc. acquired a new position in ON Semiconductor in the fourth quarter valued at about $208,000. Finally, Prospera Financial Services Inc acquired a new position in ON Semiconductor in the fourth quarter valued at about $224,000. 99.86% of the stock is owned by institutional investors and hedge funds.
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ON Semiconductor Company Profile
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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