ON Semiconductor Corporation (NASDAQ:ON) EVP George H. Cave sold 6,943 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $17.00, for a total transaction of $118,031.00. Following the completion of the sale, the executive vice president now directly owns 330,496 shares of the company’s stock, valued at approximately $5,618,432. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Shares of ON Semiconductor Corporation (NASDAQ:ON) opened at 17.25 on Monday. ON Semiconductor Corporation has a 12-month low of $10.08 and a 12-month high of $17.33. The firm has a 50-day moving average of $15.81 and a 200-day moving average of $15.26. The firm has a market capitalization of $7.27 billion, a PE ratio of 25.41 and a beta of 1.98.

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A number of brokerages have recently weighed in on ON. B. Riley reaffirmed a “buy” rating and set a $21.00 price target on shares of ON Semiconductor Corporation in a report on Sunday, August 13th. Morgan Stanley upped their price target on shares of ON Semiconductor Corporation from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $17.00 price target (up previously from $16.00) on shares of ON Semiconductor Corporation in a report on Wednesday, August 9th. Mizuho reaffirmed an “outperform” rating and set a $19.00 price target (up previously from $18.00) on shares of ON Semiconductor Corporation in a report on Wednesday, August 9th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price target on shares of ON Semiconductor Corporation in a report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $17.07.

Several large investors have recently added to or reduced their stakes in ON. Fisher Asset Management LLC boosted its stake in ON Semiconductor Corporation by 13.4% in the 1st quarter. Fisher Asset Management LLC now owns 143,002 shares of the semiconductor company’s stock worth $2,215,000 after purchasing an additional 16,950 shares in the last quarter. ProShare Advisors LLC lifted its stake in ON Semiconductor Corporation by 1.7% during the 1st quarter. ProShare Advisors LLC now owns 25,741 shares of the semiconductor company’s stock valued at $399,000 after acquiring an additional 440 shares during the period. Canada Pension Plan Investment Board lifted its stake in ON Semiconductor Corporation by 40.1% during the 1st quarter. Canada Pension Plan Investment Board now owns 262,200 shares of the semiconductor company’s stock valued at $4,061,000 after acquiring an additional 75,000 shares during the period. Geneva Advisors LLC bought a new position in ON Semiconductor Corporation during the 1st quarter valued at about $168,000. Finally, LSV Asset Management lifted its stake in ON Semiconductor Corporation by 70.0% during the 1st quarter. LSV Asset Management now owns 115,800 shares of the semiconductor company’s stock valued at $1,793,000 after acquiring an additional 47,700 shares during the period. 98.07% of the stock is currently owned by hedge funds and other institutional investors.

ON Semiconductor Corporation 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.

Insider Buying and Selling by Quarter for ON Semiconductor Corporation (NASDAQ:ON)

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