ON Semiconductor Corporation (ON) Given Consensus Recommendation of "Buy" by Analysts

Bank of Montreal Can now owns 1,840,953 shares of the semiconductor company's stock worth $25,847,000 after buying an additional 888,022 shares in the last quarter. Schroder Investment Management Group raised its position in shares of ON Semiconductor Corporation by 8.4% in the first quarter. After $0.08 actual EPS reported by Cypress Semiconductor Corporation for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Needham maintained Cypress Semiconductor Corporation (NASDAQ:CY) rating on Friday, January 29. BlackRock Inc. now owns 27,617,252 shares of the semiconductor company's stock worth $380,014,000 after buying an additional 27,408,148 shares during the period. In the last 90 days, insiders sold 134,690 shares of company stock worth $2,094,440. Independence Advisors LLC acquired a new stake in Cypress Semiconductor Corporation during the second quarter worth approximately $506,000. FMR LLC increased its stake in Cypress Semiconductor Corporation by 230.4% in the first quarter. Institutional investors and hedge funds own 96.26% of the company's stock.

ON Semiconductor Corporation (NASDAQ ON) traded up 1.21% during trading on Monday, reaching $15.08. The company's stock had a trading volume of 4,271,569 shares. The stock's average target of $12.33 is -13.23% below today's ($14.21) share price. Cypress Semiconductor Corporation has a one year low of $9.63 and a one year high of $14.98. M&T Savings Bank has 0% invested in Cypress Semiconductor Corporation (NASDAQ:CY). Pictet Asset Management Ltd. now owns 7,376,170 shares of the semiconductor company's stock valued at $114,257,000 after buying an additional 694,382 shares during the last quarter. During the same period in the prior year, the firm earned $0.07 earnings per share. Analysts expect that Cypress Semiconductor Corporation will post $0.72 EPS for the current year. Shareholders of record on Thursday, June 29th will be paid a $0.11 dividend. The firm has "Buy" rating by Craig Hallum given on Tuesday, June 27. This represents a $0.44 annualized dividend and a yield of 3.04%. Cypress Semiconductor Corporation's dividend payout ratio (DPR) is presently -22.22%.

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ON has been the subject of a number of research reports.

Zacks Investment Research downgraded shares of ON Semiconductor Corporation (NASDAQ:ON) from a buy rating to a hold rating in a research report sent to investors on Tuesday. MKM Partners reiterated a "buy" rating and set a $20.00 price target on shares of ON Semiconductor Corporation in a research report on Friday, April 7th. Finally, Zacks Investment Research cut shares of ON Semiconductor Corporation from a "buy" rating to a "hold" rating in a research report on Wednesday, May 10th. Finally, Vetr raised shares of ON Semiconductor Corporation from a "sell" rating to a "strong-buy" rating and set a $16.85 target price for the company in a research note on Tuesday, April 11th. ON Semiconductor Corporation now has a consensus rating of "Buy" and a consensus target price of $16.40.

Kestrel Investment Management Corp holds 3.16% of its portfolio in Cypress Semiconductor Corporation for 740,750 shares. They issued an "outperform" rating and a $19.00 price objective on the stock.

In related news, Director Oc Kwon sold 6,385 shares of Cypress Semiconductor Corporation stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $15.59, for a total value of $95,099.00. Following the completion of the transaction, the director now owns 67,458 shares in the company, valued at $1,091,470.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gilles Delfassy sold 4,500 shares of the company's stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $16.18, for a total transaction of $286,806.68. Following the transaction, the director now owns 69,124 shares in the company, valued at $968,427.24. The disclosure for this sale can be found here.

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company's segments include Microcontroller and Connectivity Division (MCD), and Memory Products Division (MPD).

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