News headlines about ON Semiconductor (NASDAQ:ON) have been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. ON Semiconductor earned a news impact score of 0.21 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.3557595812439 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- More Tariffs On China: 1,300 Product Categories (finance.townhall.com)
- High-speed and on-silicon-chip graphene blackbody emitters (sciencedaily.com)
- Micron and 3 Other Semiconductor Stocks Poised to Shine in Q2 (finance.yahoo.com)
- ON Semiconductor Corp (ON) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
- Global semiconductor sales up 21% year-to-year in February (electroiq.com)
NASDAQ ON traded up $0.80 during trading hours on Wednesday, hitting $24.33. The company’s stock had a trading volume of 5,681,730 shares, compared to its average volume of 7,667,271. ON Semiconductor has a 52 week low of $13.65 and a 52 week high of $27.10. The stock has a market cap of $9,942.55, a price-to-earnings ratio of 16.66, a PEG ratio of 1.10 and a beta of 2.00. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.31 and a current ratio of 2.08.
ON has been the subject of a number of recent analyst reports. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor in a report on Monday, December 11th. Morgan Stanley increased their price target on ON Semiconductor from $18.50 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Piper Jaffray initiated coverage on ON Semiconductor in a report on Monday, December 18th. They set a “neutral” rating and a $21.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of ON Semiconductor in a report on Tuesday, December 19th. Finally, ValuEngine upgraded ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $24.09.
In other ON Semiconductor news, EVP George H. Cave sold 3,000 shares of ON Semiconductor stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $22.85, for a total transaction of $68,550.00. Following the transaction, the executive vice president now owns 394,570 shares of the company’s stock, valued at approximately $9,015,924.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Bernard Gutmann sold 126,667 shares of ON Semiconductor stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $26.01, for a total transaction of $3,294,608.67. Following the transaction, the chief financial officer now directly owns 665,507 shares in the company, valued at approximately $17,309,837.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 277,983 shares of company stock worth $6,992,321. 1.40% of the stock is owned by insiders.
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About ON Semiconductor
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.
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