ON Semiconductor Target of Unusually High Options Trading (ON)

ON Semiconductor Corp (NASDAQ:ON) was the recipient of unusually large options trading on Thursday. Stock traders purchased 24,369 call options on the stock. This represents an increase of approximately 1,440% compared to the typical volume of 1,582 call options.

Shares of ON Semiconductor (ON) opened at $25.04 on Friday. The company has a market capitalization of $10,750.00, a PE ratio of 27.22, a P/E/G ratio of 0.81 and a beta of 2.02. ON Semiconductor has a 52-week low of $13.06 and a 52-week high of $25.17. 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 posted its quarterly earnings data on Sunday, November 5th. The semiconductor company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). ON Semiconductor had a return on equity of 22.97% and a net margin of 7.22%. analysts expect that ON Semiconductor will post 1.43 earnings per share for the current year.

A number of brokerages have recently weighed in on ON. Loop Capital raised their price target on ON Semiconductor from $22.00 to $27.00 and gave the company a “buy” rating in a research report on Tuesday, November 7th. Mizuho restated a “buy” rating and issued a $24.00 price target (up previously from $19.00) on shares of ON Semiconductor in a research report on Monday, November 6th. Piper Jaffray Companies began coverage on ON Semiconductor in a research report on Monday, December 18th. They issued a “neutral” rating and a $21.00 price target for the company. KeyCorp restated a “hold” rating on shares of ON Semiconductor in a research report on Friday, October 27th. Finally, BidaskClub upgraded ON Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 3rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $22.26.

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

Institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. increased its position in ON Semiconductor by 13.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock worth $113,000 after purchasing an additional 960 shares in the last quarter. BB&T Securities LLC purchased a new stake in ON Semiconductor during the 3rd quarter worth about $187,000. Cambridge Investment Research Advisors Inc. purchased a new stake in ON Semiconductor during the 3rd quarter worth about $200,000. Oppenheimer & Co. Inc. purchased a new stake in ON Semiconductor during the 3rd quarter worth about $231,000. Finally, Moors & Cabot Inc. acquired a new stake in ON Semiconductor in the 3rd quarter worth about $233,000. Hedge funds and other institutional investors own 99.75% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “ON Semiconductor Target of Unusually High Options Trading (ON)” was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.americanbankingnews.com/2018/01/21/on-semiconductor-target-of-unusually-high-options-trading-on.html.

ON Semiconductor Company Profile

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.

Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply