ON Semiconductor Corp (NASDAQ:ON)’s share price was down 5.7% during mid-day trading on Thursday . The stock traded as low as $20.80 and last traded at $20.81. Approximately 9,927,407 shares changed hands during trading, an increase of 19% from the average daily volume of 8,355,074 shares. The stock had previously closed at $22.06.
Several equities research analysts have recently weighed in on ON shares. Credit Suisse Group upped their price objective on ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a research note on Tuesday, November 7th. Summit Redstone lowered ON Semiconductor to a “hold” rating in a research note on Monday, November 6th. Mizuho reiterated a “buy” rating and issued a $26.00 price objective (up from $24.00) on shares of ON Semiconductor in a research note on Friday, January 12th. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor in a research note on Monday, December 11th. Finally, B. Riley upped their price objective on ON Semiconductor from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $23.99.
The stock has a market capitalization of $9,120.00, a PE ratio of 11.25, a P/E/G ratio of 0.98 and a beta of 2.08. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20.
In other ON Semiconductor news, EVP George H. Cave sold 3,000 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $22.85, for a total transaction of $68,550.00. Following the transaction, the executive vice president now owns 394,570 shares of the company’s stock, valued at approximately $9,015,924.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William Hall sold 22,583 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $23.86, for a total value of $538,830.38. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 98,246 shares of company stock worth $2,140,940. 1.60% of the stock is owned by corporate insiders.
Several hedge funds have recently bought and sold shares of ON. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of ON Semiconductor in the 4th quarter valued at $101,000. BB&T Securities LLC acquired a new position in shares of ON Semiconductor in the 3rd quarter valued at $187,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of ON Semiconductor in the 3rd quarter valued at $200,000. American International Group Inc. acquired a new position in shares of ON Semiconductor in the 4th quarter valued at $206,000. Finally, Ifrah Financial Services Inc. acquired a new position in shares of ON Semiconductor in the 4th quarter valued at $208,000. 99.86% of the stock is currently owned by institutional investors.
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ON Semiconductor 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.
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