Insider Selling: George H. Cave Sells 15,000 Shares of ON Semiconductor Corp Stock (ONNN)
ON Semiconductor Corp (NASDAQ:ONNN) SVP George H. Cave sold 15,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $9.06, for a total transaction of $135,900.00. Following the sale, the senior vice president now directly owns 286,660 shares of the company’s stock, valued at approximately $2,597,140. 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 1.90% during mid-day trading on Friday, hitting $9.14. The stock had a trading volume of 6,579,096 shares. ON Semiconductor Corp has a 1-year low of $6.80 and a 1-year high of $10.07. The stock’s 50-day moving average is $8.87 and its 200-day moving average is $8.77. The company has a market cap of $4.031 billion and a P/E ratio of 21.88.
ON Semiconductor Corp (NASDAQ:ONNN) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.02. The company had revenue of $706.50 million for the quarter, compared to the consensus estimate of $711.01 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts predict that ON Semiconductor Corp will post $0.80 earnings per share for the current fiscal year.
ONNN has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of ON Semiconductor Corp in a research note on Friday. They now have a $9.50 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of ON Semiconductor Corp in a research note on Tuesday. They now have a $8.00 price target on the stock. Finally, analysts at B. Riley raised their price target on shares of ON Semiconductor Corp to $12.50 in a research note on Tuesday. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $10.83.
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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