ON Semiconductor Corp. (NASDAQ:ON) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 19,989,178 shares, an increase of 19.3% from the October 31st total of 16,748,817 shares. Based on an average daily volume of 5,923,676 shares, the short-interest ratio is presently 3.4 days. Currently, 4.9% of the company’s stock are short sold.

A number of brokerages have commented on ON. Vetr cut shares of ON Semiconductor Corp. from a “hold” rating to a “sell” rating and set a $11.41 price target for the company. in a research note on Monday. B. Riley restated a “buy” rating and set a $15.00 target price on shares of ON Semiconductor Corp. in a research note on Sunday, August 14th. Jefferies Group raised their target price on shares of ON Semiconductor Corp. from $10.50 to $13.00 and gave the stock a “hold” rating in a research note on Tuesday, September 20th. Pacific Crest restated a “buy” rating on shares of ON Semiconductor Corp. in a research note on Tuesday, November 8th. Finally, Mizuho restated an “outperform” rating and set a $16.00 target price on shares of ON Semiconductor Corp. in a research note on Friday, September 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $13.58.

In related news, VP Paul E. Rolls sold 5,246 shares of the firm’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $12.00, for a total value of $62,952.00. Following the completion of the transaction, the vice president now owns 267,202 shares of the company’s stock, valued at $3,206,424. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Paul E. Rolls sold 3,507 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $12.50, for a total transaction of $43,837.50. Following the completion of the sale, the vice president now owns 265,345 shares of the company’s stock, valued at approximately $3,316,812.50. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Acrospire Investment Management LLC increased its stake in shares of ON Semiconductor Corp. by 36.0% in the second quarter. Acrospire Investment Management LLC now owns 11,700 shares of the company’s stock worth $103,000 after buying an additional 3,100 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of ON Semiconductor Corp. by 269.6% in the third quarter. BNP Paribas Arbitrage SA now owns 8,330 shares of the company’s stock worth $103,000 after buying an additional 6,076 shares during the last quarter. American International Group Inc. increased its stake in shares of ON Semiconductor Corp. by 14.3% in the second quarter. American International Group Inc. now owns 13,435 shares of the company’s stock worth $118,000 after buying an additional 1,682 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of ON Semiconductor Corp. during the third quarter worth about $124,000. Finally, Emerald Mutual Fund Advisers Trust increased its stake in shares of ON Semiconductor Corp. by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 14,642 shares of the company’s stock worth $129,000 after buying an additional 356 shares during the last quarter. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ON Semiconductor Corp. (NASDAQ:ON) opened at 12.43 on Friday. The company’s 50-day moving average is $11.65 and its 200 day moving average is $10.49. ON Semiconductor Corp. has a 52-week low of $6.97 and a 52-week high of $12.69. The firm has a market capitalization of $5.18 billion, a P/E ratio of 41.43 and a beta of 2.00.

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About ON Semiconductor Corp.

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.

5 Day Chart for NASDAQ:ON

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