ON Semiconductor Corp (NASDAQ:ON) EVP Robert A. Klosterboer sold 18,713 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $23.21, for a total transaction of $434,328.73. Following the completion of the transaction, the executive vice president now directly owns 375,857 shares of the company’s stock, valued at $8,723,640.97. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of ON Semiconductor Corp (ON) traded down $0.09 during trading hours on Thursday, reaching $23.14. 4,560,000 shares of the company were exchanged, compared to its average volume of 8,590,000. The stock has a market cap of $9,820.00, a PE ratio of 26.00, a PEG ratio of 1.11 and a beta of 2.08. ON Semiconductor Corp has a one year low of $13.65 and a one year high of $25.60. 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 (NASDAQ:ON) last issued its earnings results on Friday, February 2nd. The semiconductor company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. ON Semiconductor had a net margin of 14.63% and a return on equity of 23.64%. The firm’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 EPS. equities research analysts predict that ON Semiconductor Corp will post 1.73 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of ON. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of ON Semiconductor in the fourth quarter valued at about $101,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of ON Semiconductor in the fourth quarter valued at about $174,000. Premia Global Advisors LLC purchased a new position in shares of ON Semiconductor in the fourth quarter valued at about $200,000. American International Group Inc. purchased a new position in shares of ON Semiconductor in the fourth quarter valued at about $206,000. Finally, Prospera Financial Services Inc purchased a new position in shares of ON Semiconductor in the fourth quarter valued at about $224,000. Institutional investors own 97.99% of the company’s stock.
Several research firms have recently weighed in on ON. Credit Suisse Group raised their price objective on shares of ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a research report on Tuesday, November 7th. Needham & Company LLC restated a “buy” rating and set a $25.00 price objective on shares of ON Semiconductor in a research report on Tuesday, December 19th. Vetr cut shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating and set a $25.52 price objective on the stock. in a research report on Wednesday, January 10th. ValuEngine cut shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Jefferies Group raised their price objective on shares of ON Semiconductor from $20.00 to $21.00 and gave the company a “hold” rating in a research report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. ON Semiconductor currently has a consensus rating of “Buy” and a consensus target price of $23.99.
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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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