ON Semiconductor Corporation (ON) EVP George H. Cave Sells 19,385 Shares
ON Semiconductor Corporation (NASDAQ:ON) EVP George H. Cave sold 19,385 shares of the stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $18.00, for a total value of $348,930.00. Following the transaction, the executive vice president now owns 308,054 shares in the company, valued at approximately $5,544,972. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
ON Semiconductor Corporation (ON) traded up 0.71% during mid-day trading on Friday, reaching $18.47. The company had a trading volume of 3,689,043 shares. ON Semiconductor Corporation has a 12-month low of $10.74 and a 12-month high of $18.49. The stock has a market capitalization of $7.79 billion, a P/E ratio of 27.20 and a beta of 1.98. The stock has a 50 day moving average price of $16.37 and a 200-day moving average price of $15.37.
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Several research firms have weighed in on ON. Craig Hallum began coverage on ON Semiconductor Corporation in a research report on Monday, September 25th. They set a “buy” rating and a $25.00 price objective on the stock. BidaskClub upgraded ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, September 21st. Jefferies Group LLC restated a “hold” rating and issued a $16.00 price target on shares of ON Semiconductor Corporation in a research report on Tuesday, September 12th. Goldman Sachs Group, Inc. (The) cut ON Semiconductor Corporation from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Tuesday, September 12th. Finally, KeyCorp restated a “hold” rating on shares of ON Semiconductor Corporation in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $18.28.
A number of hedge funds and other institutional investors have recently made changes to their positions in ON. Segantii Capital Management Ltd bought a new position in ON Semiconductor Corporation in the 1st quarter worth about $101,000. Israel Discount Bank of New York bought a new position in ON Semiconductor Corporation in the 1st quarter worth about $102,000. Oppenheimer Asset Management Inc. bought a new position in ON Semiconductor Corporation in the 1st quarter worth about $110,000. Tower Research Capital LLC TRC increased its stake in ON Semiconductor Corporation by 2,234.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock worth $156,000 after acquiring an additional 9,609 shares during the last quarter. Finally, Nine Chapters Capital Management LLC bought a new position in ON Semiconductor Corporation in the 2nd quarter worth about $157,000. Institutional investors and hedge funds own 98.07% of the company’s stock.
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.
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