ON Semiconductor Co. (NASDAQ:ON) EVP Sells $85,953.02 in Stock

ON Semiconductor Co. (NASDAQ:ON) EVP Simon Keeton sold 3,434 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $25.03, for a total transaction of $85,953.02. Following the sale, the executive vice president now directly owns 136,698 shares in the company, valued at $3,421,550.94. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Simon Keeton also recently made the following trade(s):

  • On Monday, July 20th, Simon Keeton sold 620 shares of ON Semiconductor stock. The stock was sold at an average price of $21.29, for a total transaction of $13,199.80.

Shares of ON opened at $26.07 on Friday. ON Semiconductor Co. has a 52 week low of $8.17 and a 52 week high of $26.84. The firm has a market cap of $10.71 billion, a P/E ratio of -651.59, a price-to-earnings-growth ratio of 24.13 and a beta of 2.17. The firm’s 50-day simple moving average is $22.48 and its 200 day simple moving average is $19.07. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.62 and a current ratio of 2.35.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings results on Saturday, August 8th. The semiconductor company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.10. ON Semiconductor had a negative net margin of 0.37% and a positive return on equity of 10.85%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business earned $0.42 EPS. ON Semiconductor’s quarterly revenue was down 10.0% on a year-over-year basis. As a group, equities analysts forecast that ON Semiconductor Co. will post 0.68 earnings per share for the current year.

Several brokerages have commented on ON. BidaskClub raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Credit Suisse Group reissued a “sell” rating and set a $17.00 price target on shares of ON Semiconductor in a research report on Friday, August 7th. Piper Sandler raised shares of ON Semiconductor from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $17.00 to $24.00 in a research report on Tuesday, June 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of ON Semiconductor from $25.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Finally, Jefferies Financial Group boosted their price objective on shares of ON Semiconductor from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $23.98.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Capital Analysts LLC boosted its holdings in ON Semiconductor by 14.4% in the 2nd quarter. Capital Analysts LLC now owns 3,962 shares of the semiconductor company’s stock valued at $79,000 after purchasing an additional 498 shares during the period. Tower Research Capital LLC TRC boosted its holdings in ON Semiconductor by 40.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,928 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 3,123 shares during the period. Commonwealth Equity Services LLC bought a new stake in ON Semiconductor in the 1st quarter valued at about $145,000. Fifth Third Bancorp boosted its holdings in ON Semiconductor by 23.9% in the 2nd quarter. Fifth Third Bancorp now owns 10,710 shares of the semiconductor company’s stock valued at $212,000 after purchasing an additional 2,069 shares during the period. Finally, WealthStone Inc. bought a new stake in ON Semiconductor in the 2nd quarter valued at about $221,000. Institutional investors and hedge funds own 99.53% of the company’s stock.

ON Semiconductor Company Profile

ON Semiconductor Corporation, together with its subsidiaries, manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group (PSG), Advanced Solutions Group (ASG), and Intelligent Sensing Group (ISG). The PSG segment offers analog, discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage regulation functions.

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