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

ON Semiconductor Corporation (NASDAQ:ON) EVP William Hall sold 54,366 shares of ON Semiconductor Corporation stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $21.83, for a total transaction of $1,186,809.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of ON Semiconductor Corporation (NASDAQ:ON) traded up $0.13 during trading on Monday, hitting $21.56. 6,375,700 shares of the stock were exchanged, compared to its average volume of 6,241,883. The company has a market capitalization of $9,150.00, a PE ratio of 19.78, a PEG ratio of 0.82 and a beta of 2.06. ON Semiconductor Corporation has a 52 week low of $10.85 and a 52 week high of $22.03. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97.

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Several equities analysts recently weighed in on the stock. Bank of America Corporation reissued a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor Corporation in a research note on Monday. B. Riley reissued a “buy” rating and issued a $21.00 target price on shares of ON Semiconductor Corporation in a research note on Sunday, August 13th. Craig Hallum raised their target price on shares of ON Semiconductor Corporation from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research cut shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Jefferies Group LLC raised their target price on shares of ON Semiconductor Corporation from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $21.23.

A number of hedge funds have recently bought and sold shares of ON. Principal Financial Group Inc. raised its stake in ON Semiconductor Corporation by 16.9% in the first quarter. Principal Financial Group Inc. now owns 92,391 shares of the semiconductor company’s stock valued at $1,431,000 after purchasing an additional 13,329 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in ON Semiconductor Corporation in the first quarter valued at about $110,000. Paloma Partners Management Co acquired a new position in ON Semiconductor Corporation in the first quarter valued at about $293,000. Bank of Montreal Can raised its stake in ON Semiconductor Corporation by 93.2% in the second quarter. Bank of Montreal Can now owns 1,840,953 shares of the semiconductor company’s stock valued at $25,847,000 after purchasing an additional 888,022 shares in the last quarter. Finally, James Investment Research Inc. raised its stake in ON Semiconductor Corporation by 944.6% in the second quarter. James Investment Research Inc. now owns 117,859 shares of the semiconductor company’s stock valued at $1,655,000 after purchasing an additional 106,576 shares in the last quarter. 96.09% of the stock is owned by institutional investors and hedge funds.

ON Semiconductor Corporation Company Profile

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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