Robert A. Klosterboer Sells 10,000 Shares of ON Semiconductor Corporation (ON) Stock

ON Semiconductor Corporation (NASDAQ:ON) EVP Robert A. Klosterboer sold 10,000 shares of the stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $15.40, for a total transaction of $154,000.00. Following the completion of the sale, the executive vice president now directly owns 324,320 shares in the company, valued at approximately $4,994,528. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

ON Semiconductor Corporation (NASDAQ ON) traded down 0.989% on Monday, reaching $14.921. 1,142,874 shares of the company’s stock were exchanged. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 28.694 and a beta of 1.94. ON Semiconductor Corporation has a one year low of $8.11 and a one year high of $16.93. The firm has a 50 day moving average of $15.35 and a 200-day moving average of $14.45.

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Several equities research analysts have recently weighed in on ON shares. Zacks Investment Research raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Tuesday, May 9th. Stifel Nicolaus raised their price target on shares of ON Semiconductor Corporation from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. B. Riley reaffirmed a “buy” rating and issued a $18.00 price target on shares of ON Semiconductor Corporation in a research note on Monday, May 8th. Mizuho raised their price target on shares of ON Semiconductor Corporation from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, March 13th. Finally, MKM Partners reaffirmed a “buy” rating and issued a $20.00 price target on shares of ON Semiconductor Corporation in a research note on Friday, April 7th. One analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. ON Semiconductor Corporation presently has an average rating of “Buy” and a consensus target price of $16.40.

A number of hedge funds have recently modified their holdings of ON. Vanguard Group Inc. raised its stake in shares of ON Semiconductor Corporation by 5.2% in the first quarter. Vanguard Group Inc. now owns 33,263,248 shares of the semiconductor company’s stock worth $515,248,000 after buying an additional 1,655,255 shares during the period. FMR LLC raised its stake in shares of ON Semiconductor Corporation by 25.4% in the fourth quarter. FMR LLC now owns 26,212,696 shares of the semiconductor company’s stock worth $334,474,000 after buying an additional 5,301,935 shares during the period. Boston Partners raised its stake in shares of ON Semiconductor Corporation by 5.5% in the first quarter. Boston Partners now owns 20,408,521 shares of the semiconductor company’s stock worth $316,128,000 after buying an additional 1,068,570 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of ON Semiconductor Corporation by 4.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,430,084 shares of the semiconductor company’s stock worth $94,817,000 after buying an additional 334,308 shares during the period. Finally, Pictet Asset Management Ltd. raised its stake in shares of ON Semiconductor Corporation by 10.4% in the first quarter. Pictet Asset Management Ltd. now owns 7,376,170 shares of the semiconductor company’s stock worth $114,257,000 after buying an additional 694,382 shares during the period. Institutional investors own 96.45% of the company’s stock.

About ON Semiconductor Corporation

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.

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

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