Insider Selling: ON Semiconductor Corp SVP Sells 30,000 Shares of Stock (ONNN)
ON Semiconductor Corp (NASDAQ:ONNN) SVP Robert A. Klosterboer sold 30,000 shares of ON Semiconductor Corp stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $9.10, for a total transaction of $273,000.00. Following the sale, the senior vice president now directly owns 239,540 shares of the company’s stock, valued at approximately $2,179,814. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on ONNN shares. 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 equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. ON Semiconductor Corp presently has a consensus rating of “Hold” and an average price target of $10.83.
ON Semiconductor Corp (NASDAQ:ONNN) traded up 1.90% on Friday, hitting $9.14. The stock had a trading volume of 6,579,096 shares. ON Semiconductor Corp has a 52-week low of $6.80 and a 52-week high of $10.07. The stock has a 50-day moving average of $8.87 and a 200-day moving average of $8.77. The company has a market cap of $4.031 billion and a price-to-earnings ratio of 21.88.
ON Semiconductor Corp (NASDAQ:ONNN) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.17 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.10 earnings per share. ON Semiconductor Corp’s revenue was up 6.9% compared to the same quarter last year. Analysts expect that ON Semiconductor Corp will post $0.80 EPS 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.
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.