ON Semiconductor Corp. SVP Sells $85,000 in Stock (ONNN)
ON Semiconductor Corp. (NASDAQ:ONNN) SVP George Cave sold 10,000 shares of ON Semiconductor Corp. stock in a transaction dated Wednesday, January 8th. The shares were sold at an average price of $8.50, for a total value of $85,000.00. Following the transaction, the senior vice president now directly owns 241,191 shares of the company’s stock, valued at approximately $2,050,124. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
ONNN has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. downgraded shares of ON Semiconductor Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 2nd. Separately, analysts at MKM Partners downgraded shares of ON Semiconductor Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 18th. They now have a $8.00 price target on the stock, down previously from $10.00. Finally, analysts at Stifel Nicolaus cut their price target on shares of ON Semiconductor Corp. from $9.00 to $8.50 in a research note to investors on Friday, November 1st. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $8.67.
ON Semiconductor Corp. (NASDAQ:ONNN) traded up 1.56% during mid-day trading on Friday, hitting $8.612. The stock had a trading volume of 6,755,876 shares. ON Semiconductor Corp. has a 1-year low of $6.80 and a 1-year high of $8.73. The stock’s 50-day moving average is $7.66 and its 200-day moving average is $7.52. The company’s market cap is $3.827 billion.
ON Semiconductor Corp. (NASDAQ:ONNN) last released its earnings data on Thursday, October 31st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.16 by $0.01. The company had revenue of $715.40 million for the quarter, compared to the consensus estimate of $716.32 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. On average, analysts predict that ON Semiconductor Corp. will post $0.53 earnings per share for the current fiscal year.
ON Semiconductor Corporation (NASDAQ:ONNN) designs, manufactures and markets a portfolio of semiconductor components that address the design needs of electronic systems and products.
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