Insider Selling: ON Semiconductor Corp (ON) EVP Sells 3,000 Shares of Stock

ON Semiconductor Corp (NASDAQ:ON) EVP George H. Cave sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $22.85, for a total transaction of $68,550.00. Following the sale, the executive vice president now directly owns 394,570 shares in the company, valued at $9,015,924.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of ON Semiconductor Corp (NASDAQ:ON) traded up $0.42 on Wednesday, reaching $23.92. 6,988,425 shares of the company were exchanged, compared to its average volume of 6,021,963. The stock has a market capitalization of $10,150.00, a P/E ratio of 26.00, a P/E/G ratio of 0.77 and a beta of 2.02. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25. ON Semiconductor Corp has a 1-year low of $13.02 and a 1-year high of $24.07.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). ON Semiconductor had a net margin of 7.22% and a return on equity of 22.97%. research analysts anticipate that ON Semiconductor Corp will post 1.43 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. ARP Americas LLC bought a new position in shares of ON Semiconductor in the third quarter worth approximately $316,000. SignalPoint Asset Management LLC bought a new position in shares of ON Semiconductor in the third quarter worth approximately $739,000. Prudential Financial Inc. grew its holdings in shares of ON Semiconductor by 14.4% in the third quarter. Prudential Financial Inc. now owns 376,174 shares of the semiconductor company’s stock worth $6,948,000 after purchasing an additional 47,400 shares during the last quarter. Commerce Bank grew its holdings in shares of ON Semiconductor by 387.3% in the third quarter. Commerce Bank now owns 74,358 shares of the semiconductor company’s stock worth $1,374,000 after purchasing an additional 59,100 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of ON Semiconductor by 9.0% in the third quarter. Neuberger Berman Group LLC now owns 2,668,743 shares of the semiconductor company’s stock worth $49,292,000 after purchasing an additional 221,017 shares during the last quarter. Institutional investors and hedge funds own 99.75% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Loop Capital boosted their price target on shares of ON Semiconductor from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Mizuho reiterated a “buy” rating and set a $24.00 target price (up previously from $19.00) on shares of ON Semiconductor in a research report on Monday, November 6th. Piper Jaffray Companies began coverage on shares of ON Semiconductor in a research report on Monday, December 18th. They set a “neutral” rating and a $21.00 target price on the stock. KeyCorp restated a “hold” rating on shares of ON Semiconductor in a research note on Friday, October 27th. Finally, BidaskClub upgraded shares of ON Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $22.26.

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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.

Insider Buying and Selling by Quarter for ON Semiconductor (NASDAQ:ON)

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