ON Semiconductor Corporation (NASDAQ:ON) CEO Keith D. Jackson sold 476,191 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $19.59, for a total transaction of $9,328,581.69. Following the completion of the transaction, the chief executive officer now owns 3,649,468 shares in the company, valued at $71,493,078.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of ON Semiconductor Corporation (ON) traded up 1.72% during midday trading on Friday, hitting $20.75. 5,284,714 shares of the stock were exchanged. The company has a market capitalization of $8.75 billion, a P/E ratio of 30.56 and a beta of 2.01. ON Semiconductor Corporation has a 1-year low of $10.74 and a 1-year high of $20.78. The firm has a 50-day moving average of $18.45 and a 200-day moving average of $16.09.
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ON has been the topic of several research reports. BidaskClub lowered shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. Zacks Investment Research lowered shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Needham & Company LLC raised shares of ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a report on Monday, August 7th. B. Riley upped their target price on shares of ON Semiconductor Corporation from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, August 7th. Finally, Credit Suisse Group upped their target price on shares of ON Semiconductor Corporation from $13.50 to $14.50 and gave the stock an “underperform” rating in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.47.
A number of hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its stake in ON Semiconductor Corporation by 58.7% during the second quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock worth $562,753,000 after purchasing an additional 14,818,360 shares during the last quarter. Vanguard Group Inc. increased its position in ON Semiconductor Corporation by 5.0% during the second quarter. Vanguard Group Inc. now owns 34,915,253 shares of the semiconductor company’s stock worth $490,210,000 after buying an additional 1,652,005 shares during the period. Janus Henderson Group PLC acquired a new position in ON Semiconductor Corporation during the second quarter worth approximately $458,495,000. Pictet Asset Management Ltd. increased its position in ON Semiconductor Corporation by 16.8% during the third quarter. Pictet Asset Management Ltd. now owns 8,576,929 shares of the semiconductor company’s stock worth $158,416,000 after buying an additional 1,234,603 shares during the period. Finally, Schroder Investment Management Group increased its position in ON Semiconductor Corporation by 15.5% during the second quarter. Schroder Investment Management Group now owns 7,050,788 shares of the semiconductor company’s stock worth $100,262,000 after buying an additional 948,452 shares during the period. Hedge funds and other institutional investors own 97.92% of the company’s stock.
ON Semiconductor Corporation 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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