News coverage about ON Semiconductor Corporation (NASDAQ:ON) has trended somewhat positive recently, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. ON Semiconductor Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 45.8333390191276 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
A number of research firms recently weighed in on ON. B. Riley reiterated a “buy” rating and issued a $21.00 price objective on shares of ON Semiconductor Corporation in a research note on Sunday, August 13th. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor Corporation in a research note on Friday. Jefferies Group LLC reiterated a “hold” rating and issued a $20.00 price objective on shares of ON Semiconductor Corporation in a research note on Thursday, October 19th. Robert W. Baird reiterated a “buy” rating and issued a $25.00 price objective on shares of ON Semiconductor Corporation in a research note on Tuesday, October 17th. Finally, Citigroup Inc. set a $23.50 price objective on shares of ON Semiconductor Corporation and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. ON Semiconductor Corporation presently has a consensus rating of “Buy” and an average price target of $19.47.
ON Semiconductor Corporation (ON) opened at 20.75 on Friday. ON Semiconductor Corporation has a 1-year low of $10.74 and a 1-year high of $20.78. The stock has a market capitalization of $8.75 billion, a PE ratio of 30.56 and a beta of 2.01. The company’s 50 day moving average is $18.45 and its 200-day moving average is $16.09.
In other ON Semiconductor Corporation news, CFO Bernard Gutmann sold 20,000 shares of the business’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $19.62, for a total transaction of $392,400.00. Following the sale, the chief financial officer now directly owns 555,248 shares in the company, valued at approximately $10,893,965.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of ON Semiconductor Corporation stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $16.31, for a total value of $40,611.90. Following the transaction, the insider now directly owns 24,591 shares of the company’s stock, valued at approximately $401,079.21. The disclosure for this sale can be found here. Insiders have sold 623,007 shares of company stock worth $12,081,920 in the last three months. Corporate insiders own 1.60% of the company’s stock.
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About ON Semiconductor Corporation
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.
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