ON Semiconductor Corp (NASDAQ:ON) EVP Robert A. Klosterboer sold 16,249 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $25.88, for a total value of $420,524.12. Following the completion of the sale, the executive vice president now directly owns 363,030 shares in the company, valued at approximately $9,395,216.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
ON Semiconductor Corp (ON) traded up $0.11 during trading on Friday, hitting $25.87. The stock had a trading volume of 5,421,772 shares, compared to its average volume of 6,414,723. ON Semiconductor Corp has a 1-year low of $13.65 and a 1-year high of $27.10. The company has a quick ratio of 1.31, a current ratio of 2.08 and a debt-to-equity ratio of 0.97. The stock has a market capitalization of $10,959.35, a price-to-earnings ratio of 13.83, a P/E/G ratio of 1.22 and a beta of 2.03.
ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, topping 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 business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s revenue was up 9.2% on a year-over-year basis. equities research analysts expect that ON Semiconductor Corp will post 1.73 EPS for the current year.
A number of analysts have issued reports on ON shares. Zacks Investment Research raised ON Semiconductor from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, March 6th. ValuEngine raised ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Mizuho boosted their target price on ON Semiconductor from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Citigroup boosted their target price on ON Semiconductor from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Finally, Piper Jaffray Companies started coverage on ON Semiconductor in a research report on Monday, December 18th. They issued a “neutral” rating and a $21.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. ON Semiconductor currently has a consensus rating of “Buy” and an average target price of $24.09.
Large investors have recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new position in ON Semiconductor in the fourth quarter valued at $101,000. Fuller & Thaler Asset Management Inc. purchased a new position in ON Semiconductor in the fourth quarter valued at $174,000. BB&T Securities LLC purchased a new position in ON Semiconductor in the third quarter valued at $187,000. Cambridge Investment Research Advisors Inc. purchased a new position in ON Semiconductor in the third quarter valued at $200,000. Finally, Premia Global Advisors LLC purchased a new position in ON Semiconductor in the fourth quarter valued at $200,000. 97.13% of the stock is currently owned by hedge funds and other institutional investors.
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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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