Share on StockTwits

ON Semiconductor Corp (NASDAQ:ONNN) SVP George H. Cave unloaded 10,000 shares of the company’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $9.06, for a total value of $90,600.00. Following the completion of the transaction, the senior vice president now directly owns 276,660 shares in the company, valued at approximately $2,506,540. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of ON Semiconductor Corp (NASDAQ:ONNN) traded up 2.23% on Tuesday, hitting $9.18. The stock had a trading volume of 8,364,610 shares. ON Semiconductor Corp has a 52 week low of $6.80 and a 52 week high of $10.07. The stock’s 50-day moving average is $8.84 and its 200-day moving average is $8.81. The company has a market cap of $4.048 billion and a P/E ratio of 21.90.

ON Semiconductor Corp (NASDAQ:ONNN) last issued its quarterly earnings data 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. On average, analysts predict that ON Semiconductor Corp will post $0.80 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. 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, June 10th. 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, June 10th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. ON Semiconductor Corp presently has a consensus rating of “Hold” and a consensus target price 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.

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.