Today, ON Semiconductor Corp. (ON) Decreased to “Hold” at Vetr Inc.

Today, ON Semiconductor Corp. (ON) Decreased to “Hold” at Vetr Inc.
ON Semiconductor Corp. (NASDAQ:ON) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a research note issued on Monday. They presently have a $11.56 price target on the stock. Vetr‘s target price would indicate a potential downside of 7.07% from the company’s previous close.

A number of other analysts also recently issued reports on ON. Zacks Investment Research downgraded shares of ON Semiconductor Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. JPMorgan Chase & Co. reiterated a “hold” rating and issued a $13.50 price objective on shares of ON Semiconductor Corp. in a report on Tuesday, September 20th. Stifel Nicolaus upped their price objective on shares of ON Semiconductor Corp. from $13.00 to $15.00 and gave the company a “buy” rating in a report on Tuesday, September 20th. Stephens upgraded shares of ON Semiconductor Corp. from an “equal weight” rating to an “overweight” rating in a report on Monday, October 3rd. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $15.00 price objective on shares of ON Semiconductor Corp. in a report on Tuesday, September 20th. Seven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $13.59.

ON Semiconductor Corp. (NASDAQ:ON) traded down 0.040% on Monday, reaching $12.435. 1,601,983 shares of the company’s stock traded hands. The firm’s 50-day moving average is $11.67 and its 200 day moving average is $10.47. The stock has a market capitalization of $5.18 billion, a PE ratio of 41.450 and a beta of 2.00. ON Semiconductor Corp. has a 52-week low of $6.97 and a 52-week high of $12.69.

In other ON Semiconductor Corp. news, VP Paul E. Rolls sold 3,507 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $12.50, for a total transaction of $43,837.50. Following the transaction, the vice president now directly owns 265,345 shares in the company, valued at approximately $3,316,812.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Paul Anthony Mascarenas acquired 2,500 shares of the company’s stock in a transaction on Thursday, November 10th. The shares were bought at an average price of $11.30 per share, for a total transaction of $28,250.00. Following the completion of the purchase, the director now owns 55,028 shares in the company, valued at approximately $621,816.40. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Capital International Investors raised its stake in shares of ON Semiconductor Corp. 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 during the period. Westfield Capital Management Co. LP raised its stake in shares of ON Semiconductor Corp. by 73.5% in the second quarter. Westfield Capital Management Co. LP now owns 7,253,093 shares of the company’s stock valued at $63,972,000 after buying an additional 3,071,808 shares during the period. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in shares of ON Semiconductor Corp. during the third quarter valued at $28,793,000. Victory Capital Management Inc. raised its stake in shares of ON Semiconductor Corp. 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 during the period. Finally, Zweig DiMenna Associates LLC purchased a new stake in shares of ON Semiconductor Corp. during the third quarter valued at $14,353,000. 99.15% of the stock is owned by hedge funds and other institutional investors.

ON Semiconductor Corp. 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.

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