ON Semiconductor Corp. (ON) Stock Rating Upgraded by Vetr Inc.

ON Semiconductor Corp. (NASDAQ:ON) was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating in a report released on Tuesday. The firm currently has a $11.98 price target on the stock. Vetr‘s target price points to a potential upside of 1.70% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. B. Riley restated a “buy” rating and set a $15.00 target price on shares of ON Semiconductor Corp. in a report on Tuesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $14.00 price target on shares of ON Semiconductor Corp. in a research note on Monday, August 8th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $13.00 price target on shares of ON Semiconductor Corp. in a research note on Tuesday, August 9th. Deutsche Bank AG initiated coverage on shares of ON Semiconductor Corp. in a research note on Tuesday, September 20th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Longbow Research raised shares of ON Semiconductor Corp. from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, August 24th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. ON Semiconductor Corp. presently has a consensus rating of “Buy” and an average target price of $13.61.

Analyst Recommendations for ON Semiconductor Corp. (NASDAQ:ON)

Shares of ON Semiconductor Corp. (NASDAQ:ON) opened at 11.78 on Tuesday. The stock’s 50 day moving average is $11.64 and its 200 day moving average is $10.53. ON Semiconductor Corp. has a 52 week low of $6.97 and a 52 week high of $12.69. The firm has a market cap of $4.91 billion, a P/E ratio of 39.27 and a beta of 2.00.

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In other ON Semiconductor Corp. news, Director Paul Anthony Mascarenas bought 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 10th. The stock was acquired at an average cost of $11.30 per share, with a total value of $28,250.00. Following the completion of the purchase, the director now directly owns 55,028 shares in the company, valued at $621,816.40. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Paul E. Rolls sold 5,246 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $12.00, for a total transaction of $62,952.00. Following the sale, the vice president now directly owns 267,202 shares of the company’s stock, valued at $3,206,424. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its stake in ON Semiconductor Corp. by 36.0% in the second quarter. Acrospire Investment Management LLC now owns 11,700 shares of the company’s stock valued at $103,000 after buying an additional 3,100 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in ON Semiconductor Corp. by 269.6% in the third quarter. BNP Paribas Arbitrage SA now owns 8,330 shares of the company’s stock valued at $103,000 after buying an additional 6,076 shares in the last quarter. American International Group Inc. raised its stake in ON Semiconductor Corp. by 14.3% in the second quarter. American International Group Inc. now owns 13,435 shares of the company’s stock worth $118,000 after buying an additional 1,682 shares in the last quarter. LPL Financial LLC purchased a new stake in ON Semiconductor Corp. during the third quarter worth about $124,000. Finally, Emerald Mutual Fund Advisers Trust raised its stake in ON Semiconductor Corp. by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 14,642 shares of the company’s stock worth $129,000 after buying an additional 356 shares in the last quarter. 96.66% of the stock is owned by institutional investors and hedge funds.

ON Semiconductor Corp. Company Profile

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

To view Vetr’s full report, visit Vetr’s official website.

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