ON Semiconductor Corporation (ON) Price Target Raised to $17.00

ON Semiconductor Corporation (NASDAQ:ON) had its target price raised by Mizuho from $16.00 to $17.00 in a report released on Tuesday morning. They currently have a buy rating on the stock.

ON has been the topic of several other research reports. Vetr lowered ON Semiconductor Corporation from a buy rating to a hold rating and set a $12.07 target price on the stock. in a research note on Tuesday, October 18th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a $13.00 target price on shares of ON Semiconductor Corporation in a research note on Wednesday, October 26th. B. Riley reissued a buy rating and set a $15.50 target price on shares of ON Semiconductor Corporation in a research note on Monday, November 7th. Pacific Crest reissued a buy rating on shares of ON Semiconductor Corporation in a research note on Tuesday, November 8th. Finally, Deutsche Bank AG reissued a buy rating and set a $15.00 target price on shares of ON Semiconductor Corporation in a research note on Tuesday, November 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have issued a buy rating to the company’s stock. ON Semiconductor Corporation currently has an average rating of Buy and an average price target of $14.68.

Shares of ON Semiconductor Corporation (NASDAQ:ON) opened at 14.94 on Tuesday. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 49.80 and a beta of 1.96. ON Semiconductor Corporation has a one year low of $6.99 and a one year high of $15.86. The stock has a 50 day moving average of $13.51 and a 200-day moving average of $11.90.

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In other news, VP Paul E. Rolls sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 15th. The stock was sold at an average price of $13.00, for a total value of $130,000.00. Following the completion of the sale, the vice president now directly owns 251,838 shares of the company’s stock, valued at approximately $3,273,894. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Keith D. Jackson sold 414,800 shares of the firm’s stock in a transaction that occurred on Wednesday, December 21st. The shares were sold at an average price of $12.75, for a total value of $5,288,700.00. Following the completion of the sale, the chief executive officer now directly owns 3,177,314 shares of the company’s stock, valued at $40,510,753.50. The disclosure for this sale can be found here. Insiders have sold a total of 888,406 shares of company stock valued at $11,317,009 over the last ninety days. 1.60% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of the stock. Cadence Capital Management LLC boosted its stake in ON Semiconductor Corporation by 2.9% in the fourth quarter. Cadence Capital Management LLC now owns 13,366 shares of the company’s stock valued at $171,000 after buying an additional 381 shares in the last quarter. Amalgamated Bank boosted its position in shares of ON Semiconductor Corporation by 1.4% in the second quarter. Amalgamated Bank now owns 51,432 shares of the company’s stock valued at $528,000 after buying an additional 719 shares in the last quarter. Globeflex Capital L P boosted its position in shares of ON Semiconductor Corporation by 0.6% in the second quarter. Globeflex Capital L P now owns 159,730 shares of the company’s stock valued at $1,409,000 after buying an additional 900 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of ON Semiconductor Corporation by 0.5% in the second quarter. Public Employees Retirement System of Ohio now owns 188,747 shares of the company’s stock valued at $1,665,000 after buying an additional 906 shares in the last quarter. Finally, BOKF NA boosted its position in shares of ON Semiconductor Corporation by 1.6% in the third quarter. BOKF NA now owns 101,921 shares of the company’s stock valued at $1,256,000 after buying an additional 1,609 shares in the last quarter.

About ON Semiconductor Corporation

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

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