ON Semiconductor Target of Unusually High Options Trading (ON)

ON Semiconductor Corp (NASDAQ:ON) was the target of some unusual options trading activity on Thursday. Traders purchased 3,333 put options on the stock. This is an increase of 1,920% compared to the average volume of 165 put options.

A number of equities research analysts have recently commented on the stock. Vetr cut shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating and set a $25.52 target price for the company. in a research report on Wednesday, January 10th. Summit Redstone cut shares of ON Semiconductor to a “hold” rating in a research report on Monday, November 6th. Bank of America restated a “buy” rating on shares of ON Semiconductor in a research report on Sunday, October 1st. Jefferies Group restated a “hold” rating and set a $20.00 price objective on shares of ON Semiconductor in a research report on Thursday, October 19th. Finally, B. Riley raised their price objective on shares of ON Semiconductor from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $22.26.

In other news, EVP Robert A. Klosterboer sold 16,325 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $20.23, for a total value of $330,254.75. Following the completion of the sale, the executive vice president now directly owns 409,848 shares in the company, valued at $8,291,225.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Paul E. Rolls sold 16,899 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $21.03, for a total transaction of $355,385.97. Following the completion of the sale, the vice president now owns 305,807 shares of the company’s stock, valued at $6,431,121.21. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 196,874 shares of company stock worth $4,259,209. Insiders own 1.60% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its position in shares of ON Semiconductor by 10.6% during the third quarter. Public Employees Retirement System of Ohio now owns 197,277 shares of the semiconductor company’s stock valued at $3,644,000 after acquiring an additional 18,934 shares during the last quarter. SignalPoint Asset Management LLC acquired a new stake in shares of ON Semiconductor during the third quarter valued at about $739,000. ARP Americas LLC acquired a new stake in shares of ON Semiconductor during the third quarter valued at about $316,000. Prudential Financial Inc. increased its position in shares of ON Semiconductor by 14.4% during the third quarter. Prudential Financial Inc. now owns 376,174 shares of the semiconductor company’s stock valued at $6,948,000 after acquiring an additional 47,400 shares during the last quarter. Finally, Commerce Bank increased its position in shares of ON Semiconductor by 387.3% during the third quarter. Commerce Bank now owns 74,358 shares of the semiconductor company’s stock valued at $1,374,000 after acquiring an additional 59,100 shares during the last quarter. Institutional investors and hedge funds own 99.75% of the company’s stock.

Shares of ON Semiconductor (ON) opened at $25.04 on Friday. ON Semiconductor has a 12-month low of $13.06 and a 12-month high of $25.17. The firm has a market cap of $10,750.00, a PE ratio of 27.22, a price-to-earnings-growth ratio of 0.81 and a beta of 2.02. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings results on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). ON Semiconductor had a net margin of 7.22% and a return on equity of 22.97%. equities research analysts anticipate that ON Semiconductor will post 1.43 EPS for the current year.

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About ON Semiconductor

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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