Insider Selling: ON Semiconductor Corporation (ON) COO Sells 54,366 Shares of Stock

ON Semiconductor Corporation (NASDAQ:ON) COO William A. Schromm sold 54,366 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $21.18, for a total value of $1,151,471.88. Following the sale, the chief operating officer now directly owns 666,815 shares in the company, valued at $14,123,141.70. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of ON Semiconductor Corporation (NASDAQ ON) traded up $0.05 during mid-day trading on Friday, reaching $21.44. The company had a trading volume of 4,791,863 shares, compared to its average volume of 6,222,344. ON Semiconductor Corporation has a fifty-two week low of $10.85 and a fifty-two week high of $22.03. The company has a market capitalization of $9,070.00, a PE ratio of 19.65, a P/E/G ratio of 0.81 and a beta of 2.06. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25.

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A number of hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its position in shares of ON Semiconductor Corporation by 58.7% in the 2nd quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock valued at $562,753,000 after purchasing an additional 14,818,360 shares during the period. Vanguard Group Inc. boosted its position in shares of ON Semiconductor Corporation by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 34,915,253 shares of the semiconductor company’s stock valued at $490,210,000 after purchasing an additional 1,652,005 shares during the period. Janus Henderson Group PLC boosted its position in shares of ON Semiconductor Corporation by 6.0% in the 3rd quarter. Janus Henderson Group PLC now owns 34,605,410 shares of the semiconductor company’s stock valued at $639,162,000 after purchasing an additional 1,949,089 shares during the period. Capital International Investors boosted its position in shares of ON Semiconductor Corporation by 1.9% in the 3rd quarter. Capital International Investors now owns 24,062,785 shares of the semiconductor company’s stock valued at $444,440,000 after purchasing an additional 439,448 shares during the period. Finally, Pictet Asset Management Ltd. boosted its position in shares of ON Semiconductor Corporation by 16.8% in the 3rd quarter. Pictet Asset Management Ltd. now owns 8,576,929 shares of the semiconductor company’s stock valued at $158,416,000 after purchasing an additional 1,234,603 shares during the period. 96.09% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on the company. Credit Suisse Group increased their target price on ON Semiconductor Corporation from $14.50 to $17.00 and gave the stock an “underperform” rating in a research report on Tuesday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor Corporation in a research report on Monday, September 11th. BidaskClub raised ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 target price on shares of ON Semiconductor Corporation in a research report on Thursday, August 24th. Finally, Goldman Sachs Group, Inc. (The) lowered ON Semiconductor Corporation from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus 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.

Insider Buying and Selling by Quarter for ON Semiconductor Corporation (NASDAQ:ON)

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