Insider Selling: ON Semiconductor Corp (NASDAQ:ON) Director Sells 3,731 Shares of Stock

ON Semiconductor Corp (NASDAQ:ON) Director Gilles Delfassy sold 3,731 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $18.96, for a total value of $70,739.76. Following the completion of the transaction, the director now owns 49,208 shares in the company, valued at approximately $932,983.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of ON traded down $0.18 during mid-day trading on Friday, hitting $20.21. The stock had a trading volume of 8,482,736 shares, compared to its average volume of 7,013,622. The company has a market capitalization of $8.44 billion, a price-to-earnings ratio of 10.31, a P/E/G ratio of 1.72 and a beta of 2.19. The stock’s fifty day moving average price is $19.10. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.38 and a current ratio of 2.31. ON Semiconductor Corp has a 52 week low of $14.55 and a 52 week high of $24.31.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. ON Semiconductor had a return on equity of 26.54% and a net margin of 10.22%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.31 earnings per share. As a group, research analysts predict that ON Semiconductor Corp will post 1.75 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Front Row Advisors LLC grew its position in shares of ON Semiconductor by 2,244.3% in the first quarter. Front Row Advisors LLC now owns 1,430 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 1,369 shares in the last quarter. Berman Capital Advisors LLC grew its position in ON Semiconductor by 79.8% during the first quarter. Berman Capital Advisors LLC now owns 1,539 shares of the semiconductor company’s stock worth $31,000 after buying an additional 683 shares in the last quarter. Huntington National Bank grew its position in ON Semiconductor by 69.2% during the fourth quarter. Huntington National Bank now owns 1,926 shares of the semiconductor company’s stock worth $32,000 after buying an additional 788 shares in the last quarter. Pearl River Capital LLC purchased a new position in ON Semiconductor during the fourth quarter worth about $34,000. Finally, Enlightenment Research LLC purchased a new position in ON Semiconductor during the fourth quarter worth about $36,000. Institutional investors own 96.20% of the company’s stock.

A number of research analysts have recently weighed in on ON shares. BMO Capital Markets upgraded ON Semiconductor from a “market perform” rating to an “outperform” rating and raised their target price for the company from $20.00 to $30.00 in a report on Monday, March 4th. Needham & Company LLC restated a “buy” rating and issued a $27.00 target price on shares of ON Semiconductor in a report on Monday, March 11th. B. Riley reiterated a “buy” rating and set a $30.00 price target (up from $27.00) on shares of ON Semiconductor in a report on Monday, March 11th. Robert W. Baird reiterated a “hold” rating and set a $25.00 price target on shares of ON Semiconductor in a report on Monday, March 11th. Finally, BidaskClub lowered ON Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. ON Semiconductor presently has a consensus rating of “Hold” and an average target price of $25.11.

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.

See Also: Market Perform

Insider Buying and Selling by Quarter for ON Semiconductor (NASDAQ:ON)

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