ON Semiconductor Corporation (ON) Director Sells $171,562.50 in Stock
ON Semiconductor Corporation (NASDAQ:ON) Director Paul Anthony Mascarenas sold 9,375 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $18.30, for a total value of $171,562.50. Following the completion of the transaction, the director now directly owns 58,379 shares of the company’s stock, valued at $1,068,335.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of ON Semiconductor Corporation (NASDAQ:ON) traded up 1.73% on Monday, hitting $18.79. The stock had a trading volume of 9,050,295 shares. The stock has a market cap of $7.92 billion, a PE ratio of 27.63 and a beta of 2.01. The company’s 50 day moving average is $16.37 and its 200 day moving average is $15.37. ON Semiconductor Corporation has a one year low of $10.74 and a one year high of $18.82.
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Institutional investors and hedge funds have recently modified their holdings of the company. Segantii Capital Management Ltd acquired a new position in shares of ON Semiconductor Corporation during the 1st quarter worth approximately $101,000. Oppenheimer Asset Management Inc. purchased a new stake in ON Semiconductor Corporation in the 1st quarter valued at approximately $110,000. Tower Research Capital LLC TRC lifted 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 valued at $156,000 after buying an additional 9,609 shares in the last quarter. Nine Chapters Capital Management LLC purchased a new stake in ON Semiconductor Corporation in the 2nd quarter valued at approximately $157,000. Finally, Marshall Wace North America L.P. purchased a new stake in ON Semiconductor Corporation in the 2nd quarter valued at approximately $184,000. 98.07% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on ON shares. Bank of America Corporation reissued a “buy” rating on shares of ON Semiconductor Corporation in a research note on Sunday. Craig Hallum started coverage on ON Semiconductor Corporation in a research note on Monday, September 25th. They issued a “buy” rating and a $25.00 price target for the company. BidaskClub raised ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. KeyCorp reaffirmed a “hold” rating on shares of ON Semiconductor Corporation in a report on Tuesday, September 12th. Finally, Goldman Sachs Group, Inc. (The) downgraded 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. ON Semiconductor Corporation currently has an average rating of “Buy” and a consensus price target of $18.28.
About ON Semiconductor Corporation
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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