ON Semiconductor (NASDAQ:ON – Get Free Report) had its target price boosted by analysts at Robert W. Baird from $100.00 to $120.00 in a research report issued to clients and investors on Tuesday, FlyOnTheWall reports. Robert W. Baird’s target price would indicate a potential upside of 11.37% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Wolfe Research started coverage on ON Semiconductor in a research note on Wednesday, July 19th. They issued a “peer perform” rating for the company. KeyCorp upped their price objective on ON Semiconductor from $110.00 to $125.00 in a research note on Tuesday. Susquehanna upped their price objective on ON Semiconductor from $100.00 to $115.00 and gave the stock a “positive” rating in a research note on Tuesday, July 25th. Bank of America upped their price objective on ON Semiconductor from $120.00 to $130.00 in a research note on Tuesday. Finally, Benchmark increased their price target on ON Semiconductor from $95.00 to $110.00 in a research note on Tuesday, June 20th. Nine research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, ON Semiconductor has a consensus rating of “Moderate Buy” and a consensus target price of $102.67.
ON Semiconductor Stock Up 2.5 %
ON opened at $107.75 on Tuesday. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.40. The stock has a market cap of $46.53 billion, a PE ratio of 26.28, a P/E/G ratio of 3.52 and a beta of 1.73. The business’s fifty day simple moving average is $92.49 and its 200 day simple moving average is $82.92. ON Semiconductor has a 52 week low of $54.93 and a 52 week high of $111.35.
Insider Activity
In other ON Semiconductor news, Director Paul Anthony Mascarenas sold 1,450 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $88.63, for a total value of $128,513.50. Following the sale, the director now directly owns 46,757 shares in the company, valued at $4,144,072.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other ON Semiconductor news, Director Paul Anthony Mascarenas sold 1,450 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The stock was sold at an average price of $88.63, for a total transaction of $128,513.50. Following the transaction, the director now owns 46,757 shares of the company’s stock, valued at $4,144,072.91. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Hassane El-Khoury sold 22,500 shares of the firm’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $90.01, for a total value of $2,025,225.00. Following the transaction, the chief executive officer now directly owns 573,812 shares in the company, valued at approximately $51,648,818.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,036 shares of company stock worth $8,821,539. Corporate insiders own 0.27% of the company’s stock.
Institutional Investors Weigh In On ON Semiconductor
A number of institutional investors have recently added to or reduced their stakes in ON. HighTower Advisors LLC raised its position in shares of ON Semiconductor by 3.2% during the 1st quarter. HighTower Advisors LLC now owns 27,412 shares of the semiconductor company’s stock worth $1,716,000 after purchasing an additional 845 shares during the last quarter. MetLife Investment Management LLC acquired a new position in shares of ON Semiconductor during the 1st quarter worth approximately $1,171,000. Yousif Capital Management LLC raised its position in shares of ON Semiconductor by 4.2% during the 1st quarter. Yousif Capital Management LLC now owns 9,877 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 395 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of ON Semiconductor by 15.4% during the 1st quarter. Raymond James Trust N.A. now owns 5,938 shares of the semiconductor company’s stock worth $372,000 after purchasing an additional 793 shares during the last quarter. Finally, Blair William & Co. IL raised its position in shares of ON Semiconductor by 22.0% during the 1st quarter. Blair William & Co. IL now owns 4,258 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 768 shares during the last quarter. Hedge funds and other institutional investors own 99.16% of the company’s stock.
About ON Semiconductor
onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.
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