ON Semiconductor Corporation (ON) Short Interest Update

ON Semiconductor Corporation (NASDAQ:ON) was the recipient of a large decrease in short interest during the month of November. As of November 30th, there was short interest totalling 18,972,934 shares, a decrease of 7.1% from the November 15th total of 20,432,010 shares. Approximately 4.6% of the shares of the stock are short sold. Based on an average trading volume of 5,249,354 shares, the days-to-cover ratio is currently 3.6 days.

Shares of ON Semiconductor (NASDAQ:ON) opened at $19.90 on Monday. The firm has a market cap of $8,440.82, a P/E ratio of 18.26, a P/E/G ratio of 0.75 and a beta of 2.02. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25. ON Semiconductor has a 52-week low of $12.37 and a 52-week high of $22.15.

In other news, Director Daryl Ostrander sold 1,398 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $19.10, for a total value of $26,701.80. Following the transaction, the director now owns 64,060 shares of the company’s stock, valued at approximately $1,223,546. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP William Hall sold 54,366 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $21.83, for a total transaction of $1,186,809.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 734,526 shares of company stock worth $14,597,833. Insiders own 1.60% of the company’s stock.

Several large investors have recently made changes to their positions in the stock. Aperio Group LLC raised its holdings in ON Semiconductor by 6.8% during the 2nd quarter. Aperio Group LLC now owns 50,366 shares of the semiconductor company’s stock worth $707,000 after buying an additional 3,224 shares during the period. World Asset Management Inc raised its holdings in ON Semiconductor by 31.8% during the 2nd quarter. World Asset Management Inc now owns 20,312 shares of the semiconductor company’s stock worth $285,000 after buying an additional 4,898 shares during the period. Canada Pension Plan Investment Board raised its holdings in ON Semiconductor by 99.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 523,100 shares of the semiconductor company’s stock worth $7,344,000 after buying an additional 260,900 shares during the period. First Trust Advisors LP raised its holdings in ON Semiconductor by 34.9% during the 2nd quarter. First Trust Advisors LP now owns 1,615,598 shares of the semiconductor company’s stock worth $22,683,000 after buying an additional 417,891 shares during the period. Finally, Teacher Retirement System of Texas raised its holdings in ON Semiconductor by 0.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 33,379 shares of the semiconductor company’s stock worth $469,000 after buying an additional 127 shares during the period. Institutional investors and hedge funds own 99.82% of the company’s stock.

ON has been the topic of several recent research reports. Credit Suisse Group raised their target price on shares of ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a research note on Tuesday, November 7th. ValuEngine lowered shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor in a research note on Monday, September 11th. BidaskClub raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Robert W. Baird reiterated a “buy” rating and issued a $20.00 price target on shares of ON Semiconductor in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $21.39.

WARNING: This article was published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://sportsperspectives.com/2017/12/18/on-semiconductor-corporation-on-short-interest-update-2.html.

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.

Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply