ON Semiconductor Corp. (ON) Director Acquires $28,250.00 in Stock
ON Semiconductor Corp. (NASDAQ:ON) Director Paul Anthony Mascarenas bought 2,500 shares of ON Semiconductor Corp. stock in a transaction on Thursday, November 10th. The shares were bought at an average cost of $11.30 per share, with a total value of $28,250.00. Following the acquisition, the director now directly owns 55,028 shares in the company, valued at $621,816.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
ON Semiconductor Corp. (NASDAQ:ON) traded down 0.480% during midday trading on Thursday, hitting $11.395. The stock had a trading volume of 228,525 shares. ON Semiconductor Corp. has a 12-month low of $6.97 and a 12-month high of $12.69. The company has a market cap of $4751.29 billion, a PE ratio of 45.580 and a beta of 2.00. The firm has a 50-day moving average of $11.73 and a 200-day moving average of $10.38.
A number of institutional investors have recently added to or reduced their stakes in ON. LPL Financial LLC acquired a new position in ON Semiconductor Corp. during the third quarter worth $124,000. Dai Ichi Life Holdings Inc. purchased a new stake in ON Semiconductor Corp. during the third quarter valued at approximately $1,699,000. Capital International Sarl raised its stake in ON Semiconductor Corp. by 2.6% in the third quarter. Capital International Sarl now owns 552,510 shares of the company’s stock valued at $6,807,000 after buying an additional 14,200 shares during the period. Capital International Investors raised its stake in ON Semiconductor Corp. by 0.4% in the third quarter. Capital International Investors now owns 21,182,370 shares of the company’s stock valued at $260,967,000 after buying an additional 75,861 shares during the period. Finally, Baker Avenue Asset Management LP purchased a new stake in ON Semiconductor Corp. during the third quarter valued at approximately $795,000. 97.35% of the stock is owned by institutional investors.
A number of analysts have recently issued reports on ON shares. Zacks Investment Research downgraded ON Semiconductor Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, July 26th. Needham & Company LLC restated a “buy” rating and issued a $14.00 target price on shares of ON Semiconductor Corp. in a research report on Monday, August 8th. B. Riley restated a “buy” rating and issued a $15.00 target price on shares of ON Semiconductor Corp. in a research report on Tuesday, August 9th. Credit Suisse Group AG reiterated a “buy” rating and issued a $13.00 price objective on shares of ON Semiconductor Corp. in a research report on Tuesday, August 9th. Finally, Jefferies Group boosted their price objective on ON Semiconductor Corp. from $10.00 to $10.50 and gave the company a “hold” rating in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $13.62.
ON Semiconductor Corp. Company Profile
ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal integrated circuits (ICs), standard products, image sensors and custom devices for customers to solve their design challenges in advanced electronic systems and products. The Company operates through four segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group.
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