Robert A. Klosterboer Sells 16,249 Shares of ON Semiconductor Corp (ON) Stock

ON Semiconductor Corp (NASDAQ:ON) EVP Robert A. Klosterboer sold 16,249 shares of the company’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $25.88, for a total transaction of $420,524.12. Following the completion of the transaction, the executive vice president now owns 363,030 shares of the company’s stock, valued at approximately $9,395,216.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of ON Semiconductor Corp (NASDAQ ON) traded up $0.11 on Friday, hitting $25.87. 5,421,772 shares of the stock traded hands, compared to its average volume of 6,414,723. ON Semiconductor Corp has a twelve month low of $13.65 and a twelve month high of $27.10. The firm has a market capitalization of $10,959.35, a P/E ratio of 13.83, a price-to-earnings-growth ratio of 1.22 and a beta of 2.03. The company has a quick ratio of 1.31, a current ratio of 2.08 and a debt-to-equity ratio of 0.97.

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ON Semiconductor (NASDAQ:ON) last announced its earnings results on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.02. ON Semiconductor had a net margin of 14.63% and a return on equity of 21.88%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. sell-side analysts forecast that ON Semiconductor Corp will post 1.73 earnings per share for the current fiscal year.

ON has been the subject of several research analyst reports. ValuEngine downgraded shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. KeyCorp restated a “hold” rating on shares of ON Semiconductor in a research note on Monday, December 11th. Morgan Stanley upped their price objective on shares of ON Semiconductor from $18.50 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Piper Jaffray Companies initiated coverage on shares of ON Semiconductor in a research note on Monday, December 18th. They issued a “neutral” rating and a $21.00 price objective for the company. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 price objective on shares of ON Semiconductor in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $24.09.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Westover Capital Advisors LLC lifted its position in ON Semiconductor by 13.9% in the fourth quarter. Westover Capital Advisors LLC now owns 19,982 shares of the semiconductor company’s stock valued at $418,000 after purchasing an additional 2,433 shares during the period. SignalPoint Asset Management LLC lifted its position in ON Semiconductor by 6.2% in the fourth quarter. SignalPoint Asset Management LLC now owns 42,473 shares of the semiconductor company’s stock valued at $889,000 after purchasing an additional 2,461 shares during the period. Public Employees Retirement Association of Colorado lifted its position in ON Semiconductor by 3.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 85,392 shares of the semiconductor company’s stock valued at $1,788,000 after purchasing an additional 2,658 shares during the period. Hanseatic Management Services Inc. lifted its position in ON Semiconductor by 4.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 69,489 shares of the semiconductor company’s stock valued at $1,455,000 after purchasing an additional 2,858 shares during the period. Finally, IFP Advisors Inc lifted its position in ON Semiconductor by 12.5% in the fourth quarter. IFP Advisors Inc now owns 25,896 shares of the semiconductor company’s stock valued at $542,000 after purchasing an additional 2,869 shares during the period. Institutional investors and hedge funds own 97.13% of the company’s stock.

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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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