ON Semiconductor Co. (NASDAQ:ON) has received an average recommendation of “Buy” from the thirty-one analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and twenty have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $56.59.
Several brokerages have recently commented on ON. Deutsche Bank Aktiengesellschaft boosted their target price on ON Semiconductor from $52.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, November 2nd. Jefferies Financial Group boosted their target price on ON Semiconductor from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Tuesday, November 2nd. Rosenblatt Securities boosted their target price on ON Semiconductor from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, November 2nd. The Goldman Sachs Group boosted their price objective on shares of ON Semiconductor from $55.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, November 2nd. Finally, Robert W. Baird boosted their price objective on shares of ON Semiconductor from $60.00 to $75.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 2nd.
NASDAQ ON opened at $63.09 on Friday. The company has a current ratio of 2.52, a quick ratio of 1.60 and a debt-to-equity ratio of 0.70. The stock’s 50 day moving average is $50.13 and its two-hundred day moving average is $43.44. The company has a market capitalization of $27.18 billion, a price-to-earnings ratio of 41.69, a PEG ratio of 0.39 and a beta of 1.78. ON Semiconductor has a 1-year low of $27.61 and a 1-year high of $63.96.
In other news, EVP George H. Cave sold 11,210 shares of the firm’s stock in a transaction that occurred on Wednesday, September 8th. The shares were sold at an average price of $45.20, for a total transaction of $506,692.00. Following the transaction, the executive vice president now directly owns 200,975 shares of the company’s stock, valued at $9,084,070. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gregory L. Waters bought 17,000 shares of the stock in a transaction dated Tuesday, September 7th. The shares were acquired at an average cost of $45.26 per share, for a total transaction of $769,420.00. Following the completion of the acquisition, the director now directly owns 8,175 shares of the company’s stock, valued at approximately $370,000.50. The disclosure for this purchase can be found here. Company insiders own 1.42% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC boosted its position in shares of ON Semiconductor by 64.7% during the 2nd quarter. Parallel Advisors LLC now owns 657 shares of the semiconductor company’s stock worth $25,000 after acquiring an additional 258 shares in the last quarter. Glassman Wealth Services boosted its position in ON Semiconductor by 987.0% in the third quarter. Glassman Wealth Services now owns 587 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 533 shares in the last quarter. KB Financial Partners LLC boosted its position in ON Semiconductor by 133.1% in the second quarter. KB Financial Partners LLC now owns 809 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 462 shares in the last quarter. Advisory Services Network LLC acquired a new stake in ON Semiconductor in the second quarter valued at approximately $32,000. Finally, Deseret Mutual Benefit Administrators acquired a new stake in ON Semiconductor in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 90.10% of the company’s stock.
ON Semiconductor Company Profile
ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.
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