ON Semiconductor Corporation (NASDAQ:ON) EVP Robert A. Klosterboer sold 27,937 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $21.52, for a total transaction of $601,204.24. Following the sale, the executive vice president now directly owns 437,785 shares in the company, valued at approximately $9,421,133.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of ON Semiconductor Corporation (NASDAQ:ON) opened at $21.10 on Thursday. The firm has a market cap of $9,085.55, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 0.81 and a beta of 2.06. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. ON Semiconductor Corporation has a 12-month low of $10.85 and a 12-month high of $22.03.
TRADEMARK VIOLATION WARNING: This story was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/11/16/robert-a-klosterboer-sells-27937-shares-of-on-semiconductor-corporation-on-stock.html.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. bought a new position in ON Semiconductor Corporation in the 1st quarter worth $110,000. Nine Chapters Capital Management LLC bought a new position in ON Semiconductor Corporation in the 2nd quarter worth $157,000. Marshall Wace North America L.P. bought a new position in ON Semiconductor Corporation in the 2nd quarter worth $184,000. BB&T Securities LLC bought a new position in ON Semiconductor Corporation in the 3rd quarter worth $187,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in ON Semiconductor Corporation in the 3rd quarter worth $200,000. 96.09% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on ON. Needham & Company LLC reissued a “buy” rating and issued a $25.00 price target on shares of ON Semiconductor Corporation in a report on Monday, September 11th. BidaskClub raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Robert W. Baird reissued a “buy” rating and issued a $20.00 price target on shares of ON Semiconductor Corporation in a report on Thursday, August 24th. B. Riley reissued a “buy” rating and issued a $21.00 price target on shares of ON Semiconductor Corporation in a report on Sunday, August 13th. Finally, ValuEngine lowered shares of ON Semiconductor Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $21.23.
About ON Semiconductor Corporation
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.
Receive News & Ratings for ON Semiconductor Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor Corporation and related companies with MarketBeat.com's FREE daily email newsletter.