ON Semiconductor Corporation (ON) Lifted to Buy at Vetr Inc., Report finds

ON Semiconductor Corporation (ON) Lifted to Buy at Vetr Inc., Report finds

ON Semiconductor Corporation (NASDAQ:ON) was upgraded by research analysts at Vetr from a “sell” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a $15.50 price objective on the stock. Vetr‘s price target points to a potential upside of 10.64% from the stock’s current price.

ON has been the topic of a number of other reports. B. Riley reiterated a “buy” rating and issued a $15.50 price target on shares of ON Semiconductor Corporation in a research report on Monday, November 7th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $13.00 target price on shares of ON Semiconductor Corporation in a report on Wednesday, October 26th. Zacks Investment Research cut ON Semiconductor Corporation from a “hold” rating to a “sell” rating in a report on Thursday, January 19th. KeyCorp restated an “overweight” rating and set a $15.00 target price on shares of ON Semiconductor Corporation in a report on Wednesday, December 28th. Finally, Deutsche Bank AG restated a “buy” rating and set a $15.00 target price on shares of ON Semiconductor Corporation in a report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $13.98.

Shares of ON Semiconductor Corporation (NASDAQ:ON) traded up 0.36% during trading on Wednesday, hitting $14.01. 5,614,026 shares of the stock traded hands. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 46.70 and a beta of 1.96. The firm’s 50-day moving average price is $13.36 and its 200-day moving average price is $11.79. ON Semiconductor Corporation has a 52 week low of $6.97 and a 52 week high of $14.29.

In related news, Director Paul Anthony Mascarenas purchased 2,500 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was purchased at an average cost of $11.30 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO William A. Schromm sold 18,547 shares of the firm’s stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $14.00, for a total value of $259,658.00. Following the completion of the transaction, the chief operating officer now owns 448,774 shares of the company’s stock, valued at $6,282,836. The disclosure for this sale can be found here. In the last three months, insiders sold 886,953 shares of company stock worth $11,296,667. 1.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital International Investors increased its position in shares of ON Semiconductor Corporation by 88.6% in the second quarter. Capital International Investors now owns 21,106,509 shares of the company’s stock valued at $186,159,000 after buying an additional 9,913,421 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD acquired a new position in shares of ON Semiconductor Corporation during the third quarter valued at approximately $28,793,000. Victory Capital Management Inc. increased its position in shares of ON Semiconductor Corporation by 24.9% in the third quarter. Victory Capital Management Inc. now owns 8,925,309 shares of the company’s stock valued at $109,960,000 after buying an additional 1,777,884 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new position in shares of ON Semiconductor Corporation during the third quarter valued at approximately $14,353,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of ON Semiconductor Corporation by 56.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,209,140 shares of the company’s stock valued at $27,217,000 after buying an additional 792,722 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

ON Semiconductor Corporation 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.

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

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ON Semiconductor Corporation (ON) Lifted to Buy at Vetr Inc.

ON Semiconductor Corporation (ON) Lifted to Buy at Vetr Inc.

ON Semiconductor Corporation (NASDAQ:ON) was upgraded by research analysts at Vetr from a “sell” rating to a “buy” rating in a report issued on Wednesday. The firm currently has a $15.50 price objective on the stock. Vetr‘s price target points to a potential upside of 10.64% from the stock’s current price.

ON has been the topic of a number of other reports. B. Riley reiterated a “buy” rating and issued a $15.50 price target on shares of ON Semiconductor Corporation in a research report on Monday, November 7th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a $13.00 target price on shares of ON Semiconductor Corporation in a report on Wednesday, October 26th. Zacks Investment Research cut ON Semiconductor Corporation from a “hold” rating to a “sell” rating in a report on Thursday, January 19th. KeyCorp restated an “overweight” rating and set a $15.00 target price on shares of ON Semiconductor Corporation in a report on Wednesday, December 28th. Finally, Deutsche Bank AG restated a “buy” rating and set a $15.00 target price on shares of ON Semiconductor Corporation in a report on Tuesday, November 8th. One research analyst has rated the stock with a sell rating, four have given a hold rating and nineteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $13.98.

Shares of ON Semiconductor Corporation (NASDAQ:ON) traded up 0.36% during trading on Wednesday, hitting $14.01. 5,614,026 shares of the stock traded hands. The company has a market cap of $5.84 billion, a price-to-earnings ratio of 46.70 and a beta of 1.96. The firm’s 50-day moving average price is $13.36 and its 200-day moving average price is $11.79. ON Semiconductor Corporation has a 52 week low of $6.97 and a 52 week high of $14.29.

In related news, Director Paul Anthony Mascarenas purchased 2,500 shares of the firm’s stock in a transaction on Thursday, November 10th. The stock was purchased at an average cost of $11.30 per share, for a total transaction 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 acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO William A. Schromm sold 18,547 shares of the firm’s stock in a transaction that occurred on Wednesday, January 25th. The shares were sold at an average price of $14.00, for a total value of $259,658.00. Following the completion of the transaction, the chief operating officer now owns 448,774 shares of the company’s stock, valued at $6,282,836. The disclosure for this sale can be found here. In the last three months, insiders sold 886,953 shares of company stock worth $11,296,667. 1.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Capital International Investors increased its position in shares of ON Semiconductor Corporation by 88.6% in the second quarter. Capital International Investors now owns 21,106,509 shares of the company’s stock valued at $186,159,000 after buying an additional 9,913,421 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD acquired a new position in shares of ON Semiconductor Corporation during the third quarter valued at approximately $28,793,000. Victory Capital Management Inc. increased its position in shares of ON Semiconductor Corporation by 24.9% in the third quarter. Victory Capital Management Inc. now owns 8,925,309 shares of the company’s stock valued at $109,960,000 after buying an additional 1,777,884 shares in the last quarter. Zweig DiMenna Associates LLC acquired a new position in shares of ON Semiconductor Corporation during the third quarter valued at approximately $14,353,000. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of ON Semiconductor Corporation by 56.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,209,140 shares of the company’s stock valued at $27,217,000 after buying an additional 792,722 shares in the last quarter. Institutional investors own 97.99% of the company’s stock.

ON Semiconductor Corporation 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.

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

Related posts

Leave a Comment