ON Semiconductor Corp (NASDAQ:ON) COO William A. Schromm sold 10,000 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $22.01, for a total value of $220,100.00. Following the sale, the chief operating officer now owns 716,413 shares of the company’s stock, valued at $15,768,250.13. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
ON Semiconductor stock opened at $21.63 on Friday. The stock has a 50-day moving average of $19.40 and a two-hundred day moving average of $19.54. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.92 and a current ratio of 1.54. ON Semiconductor Corp has a one year low of $15.06 and a one year high of $23.54. The stock has a market cap of $8.95 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 1.44 and a beta of 2.21.
ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Sunday, October 27th. The semiconductor company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). ON Semiconductor had a net margin of 5.71% and a return on equity of 21.95%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter last year, the business posted $0.57 earnings per share. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. As a group, sell-side analysts predict that ON Semiconductor Corp will post 1.51 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in ON. Janus Henderson Group PLC raised its stake in ON Semiconductor by 19.4% in the second quarter. Janus Henderson Group PLC now owns 36,912,800 shares of the semiconductor company’s stock valued at $746,008,000 after buying an additional 6,008,620 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of ON Semiconductor by 185.3% in the second quarter. Point72 Asset Management L.P. now owns 5,706,798 shares of the semiconductor company’s stock worth $115,334,000 after purchasing an additional 3,706,611 shares during the last quarter. Villere ST Denis J & Co. LLC purchased a new position in shares of ON Semiconductor in the second quarter worth about $68,973,000. Nuveen Asset Management LLC raised its stake in shares of ON Semiconductor by 206.8% in the second quarter. Nuveen Asset Management LLC now owns 3,681,173 shares of the semiconductor company’s stock worth $74,397,000 after purchasing an additional 2,481,156 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its stake in shares of ON Semiconductor by 120.4% in the second quarter. Westfield Capital Management Co. LP now owns 4,101,364 shares of the semiconductor company’s stock worth $82,889,000 after purchasing an additional 2,240,369 shares during the last quarter. Institutional investors own 95.86% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Benchmark assumed coverage on ON Semiconductor in a research note on Friday, September 20th. They set a “buy” rating and a $26.00 price objective for the company. Cowen restated an “outperform” rating and set a $25.00 price objective (down from $29.00) on shares of ON Semiconductor in a research note on Tuesday, August 6th. ValuEngine upgraded ON Semiconductor from a “sell” rating to a “hold” rating in a research note on Wednesday, October 30th. B. Riley set a $28.00 price objective on ON Semiconductor and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Zacks Investment Research cut ON Semiconductor from a “hold” rating to a “sell” rating and set a $19.00 price objective for the company. in a research note on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. ON Semiconductor presently has an average rating of “Buy” and an average target price of $25.27.
About ON Semiconductor
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
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