Robert W. Baird Reiterates Buy Rating for ON Semiconductor Corporation (ON)

ON Semiconductor Corporation (NASDAQ:ON)‘s stock had its “buy” rating reiterated by equities research analysts at Robert W. Baird in a note issued to investors on Tuesday. They presently have a $25.00 target price on the semiconductor company’s stock. Robert W. Baird’s price objective suggests a potential upside of 26.84% from the company’s current price.

Several other analysts have also recently weighed in on ON. B. Riley reissued a “buy” rating and set a $21.00 price target on shares of ON Semiconductor Corporation in a report on Sunday, August 13th. Morgan Stanley lifted their price target on ON Semiconductor Corporation from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co reissued a “neutral” rating and set a $17.00 price target (up from $16.00) on shares of ON Semiconductor Corporation in a report on Wednesday, August 9th. Mizuho reissued an “outperform” rating and set a $19.00 price target (up from $18.00) on shares of ON Semiconductor Corporation in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $16.00 price target (up from $15.00) on shares of ON Semiconductor Corporation in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.24.

Shares of ON Semiconductor Corporation (NASDAQ ON) opened at 19.71 on Tuesday. The stock’s 50 day moving average price is $18.06 and its 200-day moving average price is $15.91. The company has a market capitalization of $8.31 billion, a PE ratio of 29.03 and a beta of 2.01. ON Semiconductor Corporation has a 52-week low of $10.74 and a 52-week high of $19.82.

TRADEMARK VIOLATION WARNING: “Robert W. Baird Reiterates Buy Rating for ON Semiconductor Corporation (ON)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://ledgergazette.com/2017/10/19/robert-w-baird-reiterates-buy-rating-for-on-semiconductor-corporation-on.html.

In related news, CFO Bernard Gutmann sold 20,000 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $19.62, for a total transaction of $392,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the business’s 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 sale, the insider now owns 24,591 shares in the company, valued at approximately $401,079.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 606,682 shares of company stock worth $11,751,665. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. FMR LLC grew its position in ON Semiconductor Corporation by 58.7% during the 2nd quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock worth $562,753,000 after acquiring an additional 14,818,360 shares during the last quarter. Vanguard Group Inc. grew its position in ON Semiconductor Corporation by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 34,915,253 shares of the semiconductor company’s stock worth $490,210,000 after acquiring an additional 1,652,005 shares during the last quarter. Janus Henderson Group PLC bought a new stake in ON Semiconductor Corporation during the 2nd quarter worth $458,495,000. Schroder Investment Management Group grew its position in ON Semiconductor Corporation by 15.5% during the 2nd quarter. Schroder Investment Management Group now owns 7,050,788 shares of the semiconductor company’s stock worth $100,262,000 after acquiring an additional 948,452 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in ON Semiconductor Corporation by 10.4% during t

Several other analysts have also recently weighed in on ON. B. Riley reissued a “buy” rating and set a $21.00 price target on shares of ON Semiconductor Corporation in a report on Sunday, August 13th. Morgan Stanley lifted their price target on ON Semiconductor Corporation from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co reissued a “neutral” rating and set a $17.00 price target (up from $16.00) on shares of ON Semiconductor Corporation in a report on Wednesday, August 9th. Mizuho reissued an “outperform” rating and set a $19.00 price target (up from $18.00) on shares of ON Semiconductor Corporation in a report on Wednesday, August 9th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $16.00 price target (up from $15.00) on shares of ON Semiconductor Corporation in a report on Wednesday, August 9th. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.24.

Shares of ON Semiconductor Corporation (NASDAQ ON) opened at 19.71 on Tuesday. The stock’s 50 day moving average price is $18.06 and its 200-day moving average price is $15.91. The company has a market capitalization of $8.31 billion, a PE ratio of 29.03 and a beta of 2.01. ON Semiconductor Corporation has a 52-week low of $10.74 and a 52-week high of $19.82.

TRADEMARK VIOLATION WARNING: “Robert W. Baird Reiterates Buy Rating for ON Semiconductor Corporation (ON)” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this piece on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The original version of this piece can be read at https://ledgergazette.com/2017/10/19/robert-w-baird-reiterates-buy-rating-for-on-semiconductor-corporation-on.html.

In related news, CFO Bernard Gutmann sold 20,000 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $19.62, for a total transaction of $392,400.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bernard Raymond Colpitts, Jr. sold 2,490 shares of the business’s 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 sale, the insider now owns 24,591 shares in the company, valued at approximately $401,079.21. The disclosure for this sale can be found here. In the last quarter, insiders sold 606,682 shares of company stock worth $11,751,665. Corporate insiders own 1.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. FMR LLC grew its position in ON Semiconductor Corporation by 58.7% during the 2nd quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock worth $562,753,000 after acquiring an additional 14,818,360 shares during the last quarter. Vanguard Group Inc. grew its position in ON Semiconductor Corporation by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 34,915,253 shares of the semiconductor company’s stock worth $490,210,000 after acquiring an additional 1,652,005 shares during the last quarter. Janus Henderson Group PLC bought a new stake in ON Semiconductor Corporation during the 2nd quarter worth $458,495,000. Schroder Investment Management Group grew its position in ON Semiconductor Corporation by 15.5% during the 2nd quarter. Schroder Investment Management Group now owns 7,050,788 shares of the semiconductor company’s stock worth $100,262,000 after acquiring an additional 948,452 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in ON Semiconductor Corporation by 10.4% during the 2nd quarter. Macquarie Group Ltd. now owns 5,193,024 shares of the semiconductor company’s stock worth $72,910,000 after acquiring an additional 487,284 shares during the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.

ON Semiconductor Corporation Company Profile

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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