ON Semiconductor Corporation (ON) Director Sells $33,560.00 in Stock
ON Semiconductor Corporation (NASDAQ:ON) Director Daryl Ostrander sold 2,000 shares of ON Semiconductor Corporation stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $16.78, for a total value of $33,560.00. Following the sale, the director now directly owns 65,458 shares of the company’s stock, valued at $1,098,385.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of ON Semiconductor Corporation (NASDAQ ON) traded up 2.84% during mid-day trading on Friday, hitting $17.38. The stock had a trading volume of 7,792,790 shares. The company has a market cap of $7.33 billion, a P/E ratio of 25.60 and a beta of 1.98. ON Semiconductor Corporation has a 1-year low of $10.74 and a 1-year high of $17.51. The firm’s 50 day moving average price is $16.17 and its 200 day moving average price is $15.32.
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A number of brokerages recently commented on ON. BidaskClub cut ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Needham & Company LLC raised ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 7th. Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price objective on shares of ON Semiconductor Corporation in a research note on Thursday, August 24th. Morgan Stanley boosted their target price on ON Semiconductor Corporation from $16.00 to $17.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 8th. Finally, Zacks Investment Research cut ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. ON Semiconductor Corporation presently has an average rating of “Buy” and an average price target of $17.47.
A number of hedge funds have recently added to or reduced their stakes in ON. Segantii Capital Management Ltd acquired a new position in ON Semiconductor Corporation during the 1st quarter valued at about $101,000. Israel Discount Bank of New York acquired a new position in ON Semiconductor Corporation during the 1st quarter valued at about $102,000. Oppenheimer Asset Management Inc. acquired a new position in ON Semiconductor Corporation during the 1st quarter valued at about $110,000. Tower Research Capital LLC TRC boosted its stake in ON Semiconductor Corporation by 2,234.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 9,609 shares during the last quarter. Finally, Nine Chapters Capital Management LLC acquired a new position in ON Semiconductor Corporation during the 2nd quarter valued at about $157,000. Institutional investors and hedge funds own 98.07% of the company’s stock.
About ON Semiconductor Corporation
ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.
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