ON Semiconductor Corp (NASDAQ:ON) insider Bernard Raymond Colpitts, Jr. sold 5,838 shares of ON Semiconductor stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $26.09, for a total value of $152,313.42. Following the transaction, the insider now directly owns 17,803 shares in the company, valued at approximately $464,480.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
ON stock traded down $0.80 during midday trading on Friday, hitting $23.42. The company’s stock had a trading volume of 5,948,537 shares, compared to its average volume of 6,413,321. ON Semiconductor Corp has a 1 year low of $13.65 and a 1 year high of $27.10. The company has a current ratio of 2.08, a quick ratio of 1.31 and a debt-to-equity ratio of 0.97. The stock has a market cap of $9,963.83, a P/E ratio of 16.04, a P/E/G ratio of 1.11 and a beta of 2.00.
ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings results on Friday, February 2nd. The semiconductor company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. ON Semiconductor had a return on equity of 21.88% and a net margin of 14.63%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. analysts forecast that ON Semiconductor Corp will post 1.73 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of ON. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of ON Semiconductor during the 4th quarter valued at $101,000. Fuller & Thaler Asset Management Inc. bought a new stake in shares of ON Semiconductor during the 4th quarter valued at $174,000. Premia Global Advisors LLC bought a new stake in shares of ON Semiconductor during the 4th quarter valued at $200,000. American International Group Inc. bought a new stake in shares of ON Semiconductor during the 4th quarter valued at $206,000. Finally, Prospera Financial Services Inc bought a new stake in shares of ON Semiconductor during the 4th quarter valued at $224,000. 97.17% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently issued reports on ON shares. BidaskClub cut ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 target price on shares of ON Semiconductor in a research report on Tuesday, December 19th. Vetr raised ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 target price on the stock in a research report on Monday, January 22nd. Zacks Investment Research cut ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Finally, ValuEngine raised ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $24.09.
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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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