ON Semiconductor Corporation (NASDAQ:ON) insider Bernard Raymond Colpitts, Jr. sold 2,058 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $16.80, for a total value of $34,574.40. Following the transaction, the insider now directly owns 22,533 shares in the company, valued at $378,554.40. The sale was disclosed in a document filed with the SEC, which is available at this link.
ON Semiconductor Corporation (ON) traded up 2.84% during mid-day trading on Friday, reaching $17.38. The company had a trading volume of 7,792,790 shares. ON Semiconductor Corporation has a 52 week low of $10.74 and a 52 week high of $17.51. The firm has a market capitalization of $7.33 billion, a PE ratio of 25.60 and a beta of 1.98. The stock’s 50-day moving average price is $16.23 and its 200 day moving average price is $15.34.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Koch Industries Inc. acquired a new stake in ON Semiconductor Corporation during the 2nd quarter worth about $432,000. Piedmont Investment Advisors LLC lifted its position in ON Semiconductor Corporation by 118.9% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 87,343 shares of the semiconductor company’s stock worth $1,226,000 after acquiring an additional 47,442 shares during the period. Krilogy Financial LLC lifted its position in ON Semiconductor Corporation by 2.8% during the 2nd quarter. Krilogy Financial LLC now owns 16,400 shares of the semiconductor company’s stock worth $230,000 after acquiring an additional 450 shares during the period. Robecosam AG lifted its position in ON Semiconductor Corporation by 198.5% during the 2nd quarter. Robecosam AG now owns 609,000 shares of the semiconductor company’s stock worth $8,660,000 after acquiring an additional 405,000 shares during the period. Finally, Sterling Capital Management LLC lifted its position in ON Semiconductor Corporation by 3.5% during the 2nd quarter. Sterling Capital Management LLC now owns 1,673,704 shares of the semiconductor company’s stock worth $23,499,000 after acquiring an additional 56,664 shares during the period. 98.07% of the stock is owned by institutional investors.
ON has been the topic of a number of research reports. Zacks Investment Research cut ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Credit Suisse Group lifted their price target on ON Semiconductor Corporation from $13.50 to $14.50 and gave the stock an “underperform” rating in a research note on Tuesday, August 8th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price target on shares of ON Semiconductor Corporation in a research note on Thursday, August 24th. BidaskClub raised ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Goldman Sachs Group, Inc. (The) cut ON Semiconductor Corporation from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. ON Semiconductor Corporation has a consensus rating of “Buy” and a consensus target price of $17.47.
ON Semiconductor Corporation Company Profile
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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