Shares of ON Semiconductor Corp (NASDAQ:ON) have received a consensus rating of “Buy” from the nineteen ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $12.77.

Shares of ON Semiconductor Corp (NASDAQ:ON) opened at 8.56 on Wednesday. ON Semiconductor Corp has a 52 week low of $7.83 and a 52 week high of $13.50. The company has a 50-day moving average of $9.19 and a 200 day moving average of $10.04. The firm has a market capitalization of $3.53 billion and a P/E ratio of 24.67.

In other ON Semiconductor Corp news, SVP Mamoon Rashid sold 15,246 shares of the business’s stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $11.40, for a total value of $173,804.40. Following the transaction, the senior vice president now directly owns 201,842 shares in the company, valued at $2,300,998.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director J Daniel Mccranie bought 100,000 shares of the company’s stock in a transaction on Friday, November 20th. The stock was bought at an average price of $10.20 per share, for a total transaction of $1,020,000.00. Following the completion of the purchase, the director now owns 260,781 shares of the company’s stock, valued at $2,659,966.20. The disclosure for this purchase can be found here.

Other hedge funds have made changes to their positions in the company. Beacon Capital Management acquired a new stake in shares of ON Semiconductor Corp during the fourth quarter worth approximately $0. Fisher Asset Management acquired a new stake in shares of ON Semiconductor Corp during the fourth quarter worth approximately $284,000. Meeder Asset Management boosted its stake in shares of ON Semiconductor Corp by 159.5% in the fourth quarter. Meeder Asset Management now owns 42,707 shares of the company’s stock worth $418,000 after buying an additional 26,248 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of ON Semiconductor Corp during the fourth quarter worth approximately $1,743,000. Finally, Mackay Shields boosted its stake in shares of ON Semiconductor Corp by 16.6% in the fourth quarter. Mackay Shields now owns 22,381,000 shares of the company’s stock worth $25,020,000 after buying an additional 3,189,000 shares during the last quarter.

Several research firms recently issued reports on ON. Wedbush restated an “outperform” rating and issued a $14.00 target price on shares of ON Semiconductor Corp in a report on Thursday, November 19th. Deutsche Bank reaffirmed a “buy” rating on shares of ON Semiconductor Corp in a research note on Monday, October 12th. Zacks Investment Research downgraded shares of ON Semiconductor Corp from a “hold” rating to a “sell” rating in a research note on Monday, October 12th. B. Riley reaffirmed a “buy” rating and issued a $15.00 price target on shares of ON Semiconductor Corp in a research note on Monday, November 23rd. Finally, Morgan Stanley decreased their price target on shares of ON Semiconductor Corp from $9.50 to $9.00 in a research note on Friday, October 30th.

ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal ICs, image sensors and custom devices for customers to solve their design challenges in electronic systems and products. The company operates through four segments: Application Products Group designs and develops analog, mixed-signal and logic ASIC and ASSP solutions for end-users in the automotive, consumer electronics, computing, industrial, communications, medical and military/aerospace markets. Image Sensor Group designs and develops CMOS and CCD image sensors and image processors for end-users in the automotive, industrial, consumer electronics, wireless, medical, and military/aerospace markets. Standard Products Group offers discrete and integrated semiconductor products that perform multiple application functions. System Solutions Group designs and develops analog and mixed signal ICs, DSPs, analog and digital tuners, intelligent power modules, memory and discrete semiconductors.

12 Month Chart for NASDAQ:ON

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