ON Semiconductor (NASDAQ:ON – Get Free Report) had its target price boosted by investment analysts at Bank of America from $120.00 to $130.00 in a research note issued on Tuesday, FlyOnTheWall reports. Bank of America‘s price target indicates a potential upside of 20.65% from the company’s previous close.
Several other research firms have also recently commented on ON. Rosenblatt Securities cut ON Semiconductor from a “buy” rating to a “neutral” rating and set a $95.00 price target on the stock. in a research note on Monday, July 24th. Jefferies Financial Group boosted their price objective on ON Semiconductor from $93.00 to $99.00 in a report on Wednesday, May 17th. Mizuho upped their target price on ON Semiconductor from $112.00 to $120.00 in a report on Tuesday. StockNews.com began coverage on ON Semiconductor in a report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upped their target price on ON Semiconductor from $95.00 to $100.00 in a report on Thursday, June 8th. Nine equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $102.67.
ON Semiconductor Trading Up 2.5 %
Shares of ON opened at $107.75 on Tuesday. The stock’s 50-day moving average is $92.49 and its two-hundred day moving average is $82.92. 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. ON Semiconductor has a 12 month low of $54.93 and a 12 month high of $111.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.22 and a quick ratio of 1.51.
Insider Buying and Selling
In related news, CEO Hassane El-Khoury sold 20,000 shares of the stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $105.00, for a total value of $2,100,000.00. Following the completion of the transaction, the chief executive officer now owns 531,388 shares of the company’s stock, valued at $55,795,740. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Paul Anthony Mascarenas sold 1,450 shares of the firm’s stock in a transaction that occurred on Tuesday, June 27th. The shares were sold at an average price of $88.63, for a total value of $128,513.50. Following the completion of the sale, the director now owns 46,757 shares of the company’s stock, valued at $4,144,072.91. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Hassane El-Khoury sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $105.00, for a total transaction of $2,100,000.00. Following the completion of the sale, the chief executive officer now directly owns 531,388 shares of the company’s stock, valued at approximately $55,795,740. The disclosure for this sale can be found here. Insiders sold 93,036 shares of company stock valued at $8,821,539 over the last quarter. Corporate insiders own 0.27% of the company’s stock.
Hedge Funds Weigh In On ON Semiconductor
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. boosted its position in shares of ON Semiconductor by 175.0% during the second quarter. Newbridge Financial Services Group Inc. now owns 275 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 175 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of ON Semiconductor during the first quarter worth $26,000. SOA Wealth Advisors LLC. boosted its position in shares of ON Semiconductor by 100.0% during the first quarter. SOA Wealth Advisors LLC. now owns 400 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 200 shares in the last quarter. FinTrust Capital Advisors LLC bought a new stake in ON Semiconductor in the 4th quarter valued at $25,000. Finally, Ancora Advisors LLC bought a new stake in ON Semiconductor in the 1st quarter valued at $33,000. 99.16% of the stock is owned by institutional investors.
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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