ON Semiconductor Corporation (NASDAQ:ON) COO William A. Schromm sold 54,366 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $21.18, for a total transaction of $1,151,471.88. Following the completion of the transaction, the chief operating officer now directly owns 666,815 shares of the company’s stock, valued at approximately $14,123,141.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
ON Semiconductor Corporation (NASDAQ ON) traded down $0.88 during trading on Monday, hitting $18.98. 9,796,661 shares of the stock were exchanged, compared to its average volume of 6,214,474. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97. ON Semiconductor Corporation has a one year low of $11.13 and a one year high of $22.15. The company has a market cap of $8,423.86, a P/E ratio of 18.22, a P/E/G ratio of 0.75 and a beta of 2.02.
A number of research analysts have commented on the stock. BidaskClub lowered shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Needham & Company LLC raised shares of ON Semiconductor from a “buy” rating to a “strong-buy” rating in a report on Monday, August 7th. Bank of America reissued a “buy” rating on shares of ON Semiconductor in a report on Sunday, October 1st. Summit Redstone downgraded shares of ON Semiconductor to a “hold” rating in a report on Monday, November 6th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $20.00 price target on shares of ON Semiconductor in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $21.23.
Several hedge funds have recently added to or reduced their stakes in ON. Oppenheimer Asset Management Inc. increased its stake in ON Semiconductor by 13.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 960 shares during the period. Nine Chapters Capital Management LLC acquired a new position in shares of ON Semiconductor in the 2nd quarter worth approximately $157,000. Marshall Wace North America L.P. acquired a new position in shares of ON Semiconductor in the 2nd quarter worth approximately $184,000. BB&T Securities LLC acquired a new position in shares of ON Semiconductor in the 3rd quarter worth approximately $187,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new position in shares of ON Semiconductor in the 3rd quarter worth approximately $200,000. 99.82% of the stock is currently owned by institutional investors and hedge funds.
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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.
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