Insider Selling: George H. Cave Unloads 5,000 Shares of ON Semiconductor Corp Stock (ONNN)
ON Semiconductor Corp (NASDAQ:ONNN) SVP George H. Cave sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $9.50, for a total value of $47,500.00. Following the completion of the sale, the senior vice president now directly owns 226,191 shares in the company, valued at approximately $2,148,815. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of ON Semiconductor Corp (NASDAQ:ONNN) traded up 0.48% on Friday, hitting $9.515. The stock had a trading volume of 2,963,728 shares. ON Semiconductor Corp has a 52 week low of $6.80 and a 52 week high of $9.57. The stock’s 50-day moving average is $8.65 and its 200-day moving average is $7.66. The company has a market cap of $4.210 billion and a P/E ratio of 26.31. ON Semiconductor Corp also was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 6,422,131 shares, a decline of 41.1% from the January 15th total of 10,896,565 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 5,506,285 shares, the short-interest ratio is currently 1.2 days.
ON Semiconductor Corp (NASDAQ:ONNN) last announced its earnings results on Thursday, February 6th. The company reported $0.17 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.03. The company had revenue of $718.00 million for the quarter, compared to the consensus estimate of $691.29 million. During the same quarter last year, the company posted $0.08 earnings per share. ON Semiconductor Corp’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that ON Semiconductor Corp will post $0.76 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ONNN shares. Analysts at Drexel Hamilton initiated coverage on shares of ON Semiconductor Corp in a research note on Friday. They set a “buy” rating on the stock. Separately, analysts at Wedbush raised their price target on shares of ON Semiconductor Corp from $10.00 to $13.00 in a research note on Wednesday. Finally, analysts at TheStreet upgraded shares of ON Semiconductor Corp from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. ON Semiconductor Corp has an average rating of “Hold” and an average target price of $9.63.
ON Semiconductor Corporation (NASDAQ:ONNN) designs, manufactures and markets a portfolio of semiconductor components that address the design needs of electronic systems and products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.