ON Semiconductor Corporation (ON) Earns Buy Rating from Bank of America Corporation

Bank of America Corporation restated their buy rating on shares of ON Semiconductor Corporation (NASDAQ:ON) in a research report released on Monday. They currently have a $25.00 price objective on the semiconductor company’s stock.

Several other equities analysts have also issued reports on the company. Zacks Investment Research lowered ON Semiconductor Corporation from a buy rating to a hold rating in a research note on Friday, November 10th. B. Riley boosted their price target on ON Semiconductor Corporation from $21.00 to $25.00 and gave the company a buy rating in a research note on Tuesday, November 7th. Credit Suisse Group boosted their price target on ON Semiconductor Corporation from $14.50 to $17.00 and gave the company an underperform rating in a research note on Tuesday, November 7th. Jefferies Group LLC boosted their price target on ON Semiconductor Corporation from $20.00 to $21.00 and gave the company a hold rating in a research note on Tuesday, November 7th. Finally, Craig Hallum boosted their price target on ON Semiconductor Corporation from $25.00 to $26.00 and gave the company a buy rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $21.23.

ON Semiconductor Corporation (NASDAQ ON) opened at $21.10 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25. The company has a market capitalization of $9,085.55, a PE ratio of 19.65, a PEG ratio of 0.81 and a beta of 2.06. ON Semiconductor Corporation has a 12 month low of $10.85 and a 12 month high of $22.03.

COPYRIGHT VIOLATION WARNING: “ON Semiconductor Corporation (ON) Earns Buy Rating from Bank of America Corporation” was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this news story on another website, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The legal version of this news story can be read at https://sportsperspectives.com/2017/11/16/on-semiconductor-corporation-on-earns-buy-rating-from-bank-of-america-corporation.html.

In related news, CEO Keith D. Jackson sold 476,191 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $19.59, for a total value of $9,328,581.69. Following the completion of the sale, the chief executive officer now owns 3,649,468 shares in the company, valued at approximately $71,493,078.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert A. Klosterboer sold 27,937 shares of the company’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $21.52, for a total transaction of $601,204.24. Following the completion of the sale, the executive vice president now owns 437,785 shares of the company’s stock, valued at approximately $9,421,133.20. The disclosure for this sale can be found here. In the last three months, insiders sold 702,820 shares of company stock worth $13,829,322. 1.60% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas increased its holdings in ON Semiconductor Corporation by 0.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 33,379 shares of the semiconductor company’s stock worth $469,000 after purchasing an additional 127 shares in the last quarter. Chase Investment Counsel Corp increased its holdings in ON Semiconductor Corporation by 0.3% during the 2nd quarter. Chase Investment Counsel Corp now owns 91,155 shares of the semiconductor company’s stock worth $1,279,000 after purchasing an additional 254 shares in the last quarter. Numeric Investors LLC increased its holdings in ON Semiconductor Corporation by 0.3% during the 2nd quarter. Numeric Investors LLC now owns 89,300 shares of the semiconductor company’s stock worth $1,254,000 after purchasing an additional 300 shares in the last quarter. Krilogy Financial LLC increased its holdings in ON Semiconductor Corporation by 2.8% during the 2nd quarter. Krilogy Financial LLC now owns 16,400 shares of the semiconductor company’s stock worth $230,000 after purchasing an additional 450 shares in the last quarter. Finally, Hillsdale Investment Management Inc. increased its holdings in ON Semiconductor Corporation by 2.3% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 21,170 shares of the semiconductor company’s stock worth $298,000 after purchasing an additional 470 shares in the last quarter. Institutional investors and hedge funds own 96.09% of the company’s stock.

ON Semiconductor Corporation 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.

Analyst Recommendations for ON Semiconductor Corporation (NASDAQ:ON)

Receive News & Ratings for ON Semiconductor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply