ON Semiconductor (ON) Trading 5.5% Higher

ON Semiconductor Corp (NASDAQ:ON)’s share price traded up 5.5% during trading on Friday . The stock traded as high as $25.14 and last traded at $25.14. 10,204,065 shares changed hands during trading, an increase of 36% from the average session volume of 7,528,743 shares. The stock had previously closed at $23.82.

Several equities analysts have recently commented on the stock. BidaskClub cut shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Friday. Zacks Investment Research cut shares of ON Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday. Vetr upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 price target on the stock in a report on Monday. Mizuho restated a “buy” rating and set a $26.00 price target (up from $24.00) on shares of ON Semiconductor in a report on Friday, January 12th. Finally, ValuEngine upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have given a buy rating to the company. ON Semiconductor currently has a consensus rating of “Buy” and an average price target of $22.33.

The firm has a market capitalization of $10,100.00, a price-to-earnings ratio of 27.33, a PEG ratio of 0.81 and a beta of 2.02. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.10). ON Semiconductor had a return on equity of 22.97% and a net margin of 7.22%. equities analysts anticipate that ON Semiconductor Corp will post 1.44 earnings per share for the current fiscal year.

In other ON Semiconductor news, EVP William Hall sold 22,583 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $23.86, for a total transaction of $538,830.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Daryl Ostrander sold 1,398 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $19.10, for a total transaction of $26,701.80. Following the transaction, the director now directly owns 64,060 shares of the company’s stock, valued at approximately $1,223,546. The disclosure for this sale can be found here. Insiders sold 180,549 shares of company stock valued at $3,928,954 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. BB&T Securities LLC acquired a new position in ON Semiconductor during the 3rd quarter worth $187,000. Cambridge Investment Research Advisors Inc. acquired a new position in ON Semiconductor during the 3rd quarter worth $200,000. Prospera Financial Services Inc acquired a new position in ON Semiconductor during the 4th quarter worth $224,000. Krilogy Financial LLC lifted its position in ON Semiconductor by 2.8% during the 2nd quarter. Krilogy Financial LLC now owns 16,400 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 450 shares during the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new position in ON Semiconductor during the 3rd quarter worth $231,000.

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ON Semiconductor Company Profile

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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