ON Semiconductor Corporation (NASDAQ:ON) EVP Robert A. Klosterboer sold 16,325 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $20.23, for a total value of $330,254.75. Following the transaction, the executive vice president now owns 409,848 shares in the company, valued at $8,291,225.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of ON Semiconductor Corporation (NASDAQ:ON) traded up $0.13 during trading on Friday, hitting $21.56. 6,375,700 shares of the company’s stock traded hands, compared to its average volume of 6,241,883. ON Semiconductor Corporation has a 52 week low of $10.85 and a 52 week high of $22.03. The company has a market cap of $9,089.80, a PE ratio of 19.66, a price-to-earnings-growth ratio of 0.81 and a beta of 2.06. The company has a quick ratio of 1.29, a current ratio of 1.97 and a debt-to-equity ratio of 1.20.
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A number of equities analysts have recently commented on the company. B. Riley reiterated a “buy” rating and issued a $21.00 price objective on shares of ON Semiconductor Corporation in a research note on Sunday, August 13th. Craig Hallum lifted their price objective on ON Semiconductor Corporation from $25.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Group LLC lifted their target price on ON Semiconductor Corporation from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Morgan Stanley lifted their target price on ON Semiconductor Corporation from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $21.02.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. acquired a new position in ON Semiconductor Corporation in the 1st quarter worth $110,000. Tower Research Capital LLC TRC boosted its stake in ON Semiconductor Corporation by 2,234.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock worth $156,000 after purchasing an additional 9,609 shares during the period. Nine Chapters Capital Management LLC acquired a new position in ON Semiconductor Corporation in the 2nd quarter worth $157,000. Marshall Wace North America L.P. acquired a new position in ON Semiconductor Corporation in the 2nd quarter worth $184,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in ON Semiconductor Corporation in the 3rd quarter worth $200,000. 98.52% of the stock is owned by hedge funds and other institutional investors.
About ON Semiconductor Corporation
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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