ON Semiconductor Corporation (NASDAQ:ON) Director Gilles Delfassy sold 4,500 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $16.87, for a total transaction of $75,915.00. Following the transaction, the director now owns 33,044 shares in the company, valued at approximately $557,452.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
ON Semiconductor Corporation (ON) traded down 0.356% during trading on Friday, hitting $15.375. 2,888,001 shares of the stock traded hands. The company has a 50-day moving average price of $15.26 and a 200-day moving average price of $14.33. ON Semiconductor Corporation has a 12 month low of $8.11 and a 12 month high of $16.93. The stock has a market cap of $6.47 billion, a PE ratio of 29.567 and a beta of 1.94.
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A number of analysts have recently weighed in on the stock. Credit Suisse Group downgraded shares of ON Semiconductor Corporation from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $17.50 to $13.50 in a report on Tuesday, April 11th. Mizuho upped their price target on shares of ON Semiconductor Corporation from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, March 13th. Zacks Investment Research downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Vetr raised shares of ON Semiconductor Corporation from a “sell” rating to a “strong-buy” rating and set a $16.85 price target for the company in a report on Tuesday, April 11th. Finally, B. Riley reaffirmed a “buy” rating and set a $18.00 price target on shares of ON Semiconductor Corporation in a report on Monday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $16.20.
A number of institutional investors have recently added to or reduced their stakes in the company. Segantii Capital Management Ltd bought a new position in ON Semiconductor Corporation during the first quarter worth approximately $101,000. Israel Discount Bank of New York acquired a new stake in shares of ON Semiconductor Corporation during the first quarter worth $102,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of ON Semiconductor Corporation during the first quarter worth $110,000. FTB Advisors Inc. raised its stake in shares of ON Semiconductor Corporation by 499.9% in the first quarter. FTB Advisors Inc. now owns 10,306 shares of the semiconductor company’s stock worth $148,000 after buying an additional 8,588 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its stake in shares of ON Semiconductor Corporation by 2,234.7% in the first quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock worth $156,000 after buying an additional 9,609 shares during the last quarter. 96.27% of the stock is owned by institutional investors and hedge funds.
ON Semiconductor Corporation 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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