August 15, 2018

ON Semiconductor's (NASDAQ:ON) Buy Rating Reaffirmed at Needham & Company LLC

13 January 2018, 05:41 | Hattie Nash

Piper Jaffray Companies' price objective indicates a potential upside of 17.16% from the stock's current price.

Several analysts recently commented on ON shares. Two analysts have rated the stock with a sell rating, four have given a hold rating and eighteen have given a buy rating to the company. Moreover, Symmetry Peak Lc has 0.03% invested in Cypress Semiconductor Corporation (NASDAQ:CY) for 15,000 shares. Cypress Semiconductor Corporation had 66 analyst reports since August 31, 2015 according to SRatingsIntel. Bank of America reissued a buy rating on shares of ON Semiconductor in a report on Sunday, October 1st. Sandler O'Neill initiated the shares of CNFR in report on Tuesday, September 8 with "Buy" rating. The company now has an average rating of "Buy" and an average target price of $22.26. The stock increased 1.57% or $0.26 during the last trading session, reaching $16.87. 5,906,151 shares of the company were exchanged, compared to its average volume of 5,842,111. Company insiders own 1.60% of the company's stock. The company has a market cap of $5,700.00, a P/E ratio of -42.68, a P/E/G ratio of 1.91 and a beta of 2.01.

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Cypress Semiconductor (NASDAQ:CY) last released its quarterly earnings data on Thursday, October 26th. Commerce Bank boosted its position in shares of ON Semiconductor by 387.3% in the 3rd quarter. The return on assets stands at 5.7%, Return on Equity now is 19.2% and the Return on Investment value is 5.9%. First Manhattan Communications accumulated 0% or 4,705 shares. The company's quarterly revenue was up 14.0% on a year-over-year basis. analysts expect that Cypress Semiconductor will post 0.56 earnings per share for the current fiscal year. Also, EVP George H. Cave sold 3,000 shares of the company's stock in a transaction dated Monday, January 8th. The short sellers will then buy the stock back at a much lower price and replace the borrowed shares, pocketing the difference. Following the completion of the transaction, the chief executive officer now directly owns 3,649,468 shares in the company, valued at approximately $71,493,078.12. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

In related news, CEO Keith D. Jackson sold 476,191 shares of the firm's stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $22.85, for a total transaction of $68,550.00. The same analysts are predicting that the company shares will trade to $18.35 within the next 12-18 months. The disclosure for this sale can be found here. 74,818 shares were sold by Thad Trent, worth $1.18 million on Monday, October 16.

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A number of hedge funds have recently modified their holdings of the business. American Century Companies Inc. purchased a new position in shares of ON Semiconductor during the 2nd quarter valued at approximately $1,004,000. LPL Financial LLC acquired a new stake in ON Semiconductor Corporation during the third quarter valued at approximately $124,000.

The company now has an insider ownership of 1.5 Percent and Institutional ownership of 0 Percent. Its down 0.05% from 8.32 million shares previously. Amalgamated Bancorporation stated it has 0.03% in Cypress Semiconductor Corporation (NASDAQ:CY). Finally, Stifel Financial Corp raised its stake in Cypress Semiconductor by 0.4% during the second 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 in the last quarter. If you are reading this news story on another website, it was copied illegally and republished in violation of USA and worldwide copyright law. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & global copyright & trademark legislation. The Microcontroller and Connectivity Division provides microcontroller, analog, and wireless and wired connectivity solutions, including Traveo automotive MCUs; programmable system-on-chip MCUs; ARM Cortex-M4, -M3, and -M0+ MCUs; R4 CPUs; analog power management integrated circuits and energy harvesting solutions; CapSense capacitive-sensing controllers; TrueTouch touchscreen and fingerprint reader products; USB controllers comprising solutions for the USB-C and USB power delivery standards; and Wi-Fi, Bluetooth, Bluetooth low energy and ZigBee radios, and WICED development platforms for the Internet of things (IoT).

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