ON Semiconductor Corporation (ON) Rating Reiterated by KeyCorp

KeyCorp reiterated their hold rating on shares of ON Semiconductor Corporation (NASDAQ:ON) in a research report report published on Friday, October 27th.

ON has been the topic of a number of other research reports. Zacks Investment Research lowered shares of ON Semiconductor Corporation from a buy rating to a hold rating in a report on Tuesday, July 11th. Credit Suisse Group boosted their price objective on shares of ON Semiconductor Corporation from $13.50 to $14.50 and gave the stock an underperform rating in a report on Tuesday, August 8th. Robert W. Baird reiterated a buy rating and issued a $20.00 price objective on shares of ON Semiconductor Corporation in a report on Thursday, August 24th. BidaskClub upgraded shares of ON Semiconductor Corporation from a hold rating to a buy rating in a report on Friday, September 1st. Finally, Needham & Company LLC reiterated a buy rating and issued a $25.00 price objective on shares of ON Semiconductor Corporation in a report on Monday, September 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $21.02.



ON Semiconductor Corporation (NASDAQ:ON) traded up $0.13 during trading hours on Friday, hitting $21.56. 6,375,700 shares of the company traded hands, compared to its average volume of 6,241,883. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.29. The firm has a market cap of $9,089.80, a price-to-earnings ratio of 19.66, a price-to-earnings-growth ratio of 0.81 and a beta of 2.06. ON Semiconductor Corporation has a 1-year low of $10.85 and a 1-year high of $22.03.

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In related news, EVP George H. Cave sold 6,943 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $17.00, for a total transaction of $118,031.00. Following the completion of the sale, the executive vice president now owns 330,496 shares of the company’s stock, valued at approximately $5,618,432. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Robert A. Klosterboer sold 16,325 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $20.23, for a total transaction of $330,254.75. Following the sale, the executive vice president now directly owns 409,848 shares of the company’s stock, valued at approximately $8,291,225.04. The disclosure for this sale can be found here. In the last 90 days, insiders sold 620,517 shares of company stock worth $12,041,308. Company insiders own 1.60% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Paradice Investment Management LLC grew its position in shares of ON Semiconductor Corporation by 4.6% during the 3rd quarter. Paradice Investment Management LLC now owns 3,069,968 shares of the semiconductor company’s stock valued at $56,702,000 after buying an additional 136,216 shares during the last quarter. Legal & General Group Plc grew its position in shares of ON Semiconductor Corporation by 8.7% during the 3rd quarter. Legal & General Group Plc now owns 324,520 shares of the semiconductor company’s stock valued at $5,991,000 after buying an additional 25,952 shares during the last quarter. Nordea Investment Management AB grew its position in shares of ON Semiconductor Corporation by 30.9% during the 3rd quarter. Nordea Investment Management AB now owns 252,800 shares of the semiconductor company’s stock valued at $4,669,000 after buying an additional 59,725 shares during the last quarter. ETRADE Capital Management LLC grew its position in shares of ON Semiconductor Corporation by 9.5% during the 3rd quarter. ETRADE Capital Management LLC now owns 127,339 shares of the semiconductor company’s stock valued at $2,352,000 after buying an additional 11,058 shares during the last quarter. Finally, Robecosam AG grew its position in ON Semiconductor Corporation by 36.9% in the 3rd quarter. Robecosam AG now owns 833,600 shares of the semiconductor company’s stock worth $15,288,000 after purchasing an additional 224,600 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for ON Semiconductor Corporation (NASDAQ:ON)

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