ON Semiconductor Co. (NASDAQ:ON) VP Sells $1,101,866.40 in Stock

ON Semiconductor Co. (NASDAQ:ON) VP Paul E. Rolls sold 42,708 shares of the firm’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $25.80, for a total value of $1,101,866.40. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Paul E. Rolls also recently made the following trade(s):

  • On Monday, September 21st, Paul E. Rolls sold 11,762 shares of ON Semiconductor stock. The stock was sold at an average price of $20.62, for a total value of $242,532.44.

NASDAQ ON opened at $26.07 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.35 and a debt-to-equity ratio of 1.24. ON Semiconductor Co. has a twelve month low of $8.17 and a twelve month high of $26.84. The company has a market cap of $10.71 billion, a price-to-earnings ratio of -651.59, a price-to-earnings-growth ratio of 24.13 and a beta of 2.17. The business’s fifty day moving average is $22.48 and its 200 day moving average is $19.07.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Saturday, August 8th. The semiconductor company reported $0.12 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.10. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. ON Semiconductor had a positive return on equity of 10.85% and a negative net margin of 0.37%. The business’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. On average, research analysts anticipate that ON Semiconductor Co. will post 0.68 earnings per share for the current fiscal year.

A number of research firms have commented on ON. Craig Hallum raised their price objective on ON Semiconductor from $22.00 to $26.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Citigroup lifted their price target on ON Semiconductor from $19.00 to $25.50 and gave the company a “buy” rating in a research note on Tuesday, August 11th. B. Riley upgraded ON Semiconductor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $15.00 to $26.00 in a research note on Wednesday, July 22nd. Needham & Company LLC lifted their price target on ON Semiconductor from $27.00 to $30.00 and gave the company a “strong-buy” rating in a research note on Wednesday, September 16th. Finally, Mizuho lifted their price target on ON Semiconductor from $25.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $23.98.

A number of institutional investors and hedge funds have recently made changes to their positions in ON. Commonwealth Equity Services LLC acquired a new position in ON Semiconductor during the 1st quarter worth about $145,000. Legal & General Group Plc lifted its holdings in ON Semiconductor by 6.1% during the 1st quarter. Legal & General Group Plc now owns 1,562,183 shares of the semiconductor company’s stock worth $19,433,000 after buying an additional 89,245 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in ON Semiconductor by 2.0% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 66,590 shares of the semiconductor company’s stock worth $828,000 after buying an additional 1,300 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in ON Semiconductor by 33.7% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 159,400 shares of the semiconductor company’s stock worth $1,983,000 after buying an additional 40,200 shares during the period. Finally, Cipher Capital LP acquired a new position in ON Semiconductor during the 1st quarter worth about $683,000. 99.53% of the stock is currently owned by hedge funds and other institutional investors.

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

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