ON Semiconductor (NASDAQ:ON) shares saw unusually-strong trading volume on Thursday . Approximately 17,832,190 shares were traded during trading, an increase of 152% from the previous session’s volume of 7,089,662 shares.The stock last traded at $25.02 and had previously closed at $25.02.
Several equities research analysts have issued reports on ON shares. ValuEngine raised shares of ON Semiconductor from a “buy” rating to a “strong-buy” rating in a research note on Monday, April 2nd. Zacks Investment Research raised shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, March 6th. Mizuho lifted their target price on shares of ON Semiconductor from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Citigroup lifted their target price on shares of ON Semiconductor from $24.00 to $28.00 and gave the stock a “buy” rating in a research note on Tuesday, February 6th. Finally, Credit Suisse Group lifted their target price on shares of ON Semiconductor from $17.00 to $20.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $24.71.
The company has a debt-to-equity ratio of 0.71, a current ratio of 1.53 and a quick ratio of 0.93. The firm has a market capitalization of $10.70 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 1.12 and a beta of 2.03.
ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Sunday, April 29th. The semiconductor company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. ON Semiconductor had a return on equity of 23.00% and a net margin of 15.90%. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the previous year, the firm earned $0.18 EPS. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. analysts expect that ON Semiconductor will post 1.77 earnings per share for the current year.
In related news, EVP George H. Cave sold 20,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $24.38, for a total value of $487,600.00. Following the sale, the executive vice president now directly owns 260,357 shares in the company, valued at approximately $6,347,503.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Keith D. Jackson sold 80,000 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $23.99, for a total transaction of $1,919,200.00. Following the completion of the sale, the chief executive officer now owns 3,107,401 shares in the company, valued at $74,546,549.99. The disclosure for this sale can be found here. In the last quarter, insiders have sold 339,616 shares of company stock worth $8,499,078. Insiders own 1.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Swiss National Bank raised its holdings in ON Semiconductor by 2.1% in the 4th quarter. Swiss National Bank now owns 718,100 shares of the semiconductor company’s stock valued at $15,037,000 after buying an additional 14,500 shares during the period. Chicago Equity Partners LLC increased its stake in ON Semiconductor by 7.0% during the fourth quarter. Chicago Equity Partners LLC now owns 120,035 shares of the semiconductor company’s stock worth $2,514,000 after purchasing an additional 7,835 shares during the period. Unterberg Capital LLC increased its stake in ON Semiconductor by 33.3% during the fourth quarter. Unterberg Capital LLC now owns 80,000 shares of the semiconductor company’s stock worth $1,675,000 after purchasing an additional 20,000 shares during the period. Cigna Investments Inc. New purchased a new stake in ON Semiconductor during the fourth quarter worth about $573,000. Finally, IFP Advisors Inc increased its stake in ON Semiconductor by 12.5% during the fourth quarter. IFP Advisors Inc now owns 25,896 shares of the semiconductor company’s stock worth $542,000 after purchasing an additional 2,869 shares during the period. Hedge funds and other institutional investors own 91.50% of the company’s stock.
ON Semiconductor Company Profile
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
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