ON Semiconductor Corporation (NASDAQ:ON) EVP Simon Keeton Sells 11,310 Shares of Stock

ON Semiconductor Corporation (NASDAQ:ON – Free Report) EVP Simon Keeton sold 11,310 shares of ON Semiconductor stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $95.00, for a total value of $1,074,450.00. Following the completion of the transaction, the executive vice president now owns 196,034 shares in the company, valued at $18,623,230. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ON Semiconductor Trading Down 4.0 %

NASDAQ ON opened at $92.95 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.22 and a quick ratio of 1.51. The stock’s 50-day moving average is $85.88 and its 200-day moving average is $78.42. ON Semiconductor Corporation has a one year low of $45.97 and a one year high of $96.85. The firm has a market cap of $40.14 billion, a P/E ratio of 22.67, a P/E/G ratio of 3.35 and a beta of 1.73.

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ON Semiconductor (NASDAQ:ON – Free Report) last announced its quarterly earnings results on Monday, May 1st. The semiconductor company reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.10. ON Semiconductor had a net margin of 21.98% and a return on equity of 39.27%. The firm had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same quarter in the previous year, the firm posted $1.22 earnings per share. The business’s revenue was up .8% on a year-over-year basis. Sell-side analysts anticipate that ON Semiconductor Corporation will post 4.87 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ON shares. StockNews.com began coverage on ON Semiconductor in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Needham & Company LLC restated a “strong-buy” rating and issued a $100.00 price target on shares of ON Semiconductor in a research report on Friday, March 10th. Piper Sandler upped their price objective on shares of ON Semiconductor from $85.00 to $100.00 in a research report on Wednesday, May 17th. BMO Capital Markets raised their price objective on ON Semiconductor from $75.00 to $80.00 in a research report on Tuesday, May 2nd. Finally, 888 restated a “maintains” rating on shares of ON Semiconductor in a research report on Wednesday, May 17th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, ON Semiconductor has a consensus rating of “Moderate Buy” and a consensus target price of $92.12.

Institutional Trading of ON Semiconductor

Several hedge funds and other institutional investors have recently modified their holdings of ON. HighTower Advisors LLC increased its stake in ON Semiconductor by 3.2% in the 1st quarter. HighTower Advisors LLC now owns 27,412 shares of the semiconductor company’s stock valued at $1,716,000 after buying an additional 845 shares during the last quarter. MetLife Investment Management LLC acquired a new position in shares of ON Semiconductor during the 1st quarter worth approximately $1,171,000. Yousif Capital Management LLC raised its stake in shares of ON Semiconductor by 4.2% during the 1st quarter. Yousif Capital Management LLC now owns 9,877 shares of the semiconductor company’s stock worth $618,000 after purchasing an additional 395 shares in the last quarter. Raymond James Trust N.A. raised its position in ON Semiconductor by 15.4% during the first quarter. Raymond James Trust N.A. now owns 5,938 shares of the semiconductor company’s stock worth $372,000 after acquiring an additional 793 shares in the last quarter. Finally, Blair William & Co. IL lifted its stake in ON Semiconductor by 22.0% in the first quarter. Blair William & Co. IL now owns 4,258 shares of the semiconductor company’s stock valued at $267,000 after acquiring an additional 768 shares during the last quarter. Institutional investors and hedge funds own 99.16% of the company’s stock.

ON Semiconductor Company Profile

(Free Report)

onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.

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