ON Semiconductor Corp (NASDAQ:ON) CEO Keith D. Jackson sold 150,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $21.62, for a total value of $3,243,000.00. Following the completion of the sale, the chief executive officer now owns 2,918,458 shares in the company, valued at $63,097,061.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ:ON opened at $22.02 on Wednesday. The business’s fifty day moving average price is $21.56 and its two-hundred day moving average price is $17.85. ON Semiconductor Corp has a fifty-two week low of $8.17 and a fifty-two week high of $25.92. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of -550.36, a price-to-earnings-growth ratio of 24.13 and a beta of 2.17. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.35 and a quick ratio of 1.62.
ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings results on Saturday, August 8th. The semiconductor company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.10. ON Semiconductor had a positive return on equity of 10.85% and a negative net margin of 0.37%. The firm had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The business’s revenue was down 10.0% compared to the same quarter last year. Research analysts expect that ON Semiconductor Corp will post 0.68 EPS for the current fiscal year.
ON has been the topic of a number of recent research reports. Credit Suisse Group reiterated a “sell” rating and issued a $17.00 target price on shares of ON Semiconductor in a research note on Friday, August 7th. BidaskClub cut shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Friday, July 31st. Piper Sandler upgraded shares of ON Semiconductor from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $17.00 to $24.00 in a research note on Tuesday, June 23rd. Rosenblatt Securities lifted their price target on ON Semiconductor from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Finally, B. Riley raised ON Semiconductor from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $15.00 to $26.00 in a research note on Wednesday, July 22nd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $22.40.
A number of large investors have recently made changes to their positions in the business. Capital Analysts LLC grew its holdings in shares of ON Semiconductor by 14.4% during the second quarter. Capital Analysts LLC now owns 3,962 shares of the semiconductor company’s stock worth $79,000 after purchasing an additional 498 shares during the last quarter. Comerica Bank raised its position in shares of ON Semiconductor by 2.5% during the second quarter. Comerica Bank now owns 21,238 shares of the semiconductor company’s stock worth $456,000 after purchasing an additional 512 shares during the period. Brandes Investment Partners LP raised its position in shares of ON Semiconductor by 1.2% during the second quarter. Brandes Investment Partners LP now owns 67,073 shares of the semiconductor company’s stock worth $1,330,000 after purchasing an additional 771 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of ON Semiconductor by 29.3% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,500 shares of the semiconductor company’s stock worth $44,000 after purchasing an additional 793 shares during the period. Finally, Nissay Asset Management Corp Japan ADV raised its position in shares of ON Semiconductor by 2.3% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 41,766 shares of the semiconductor company’s stock worth $520,000 after purchasing an additional 957 shares during the period. Hedge funds and other institutional investors own 99.53% of the company’s stock.
ON Semiconductor Company Profile
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
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