ON Semiconductor Corporation (NASDAQ:ON) insider Bernard Raymond Colpitts, Jr. sold 2,058 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $16.80, for a total transaction of $34,574.40. Following the completion of the sale, the insider now directly owns 22,533 shares of the company’s stock, valued at $378,554.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of ON Semiconductor Corporation (ON) traded up 2.84% during midday trading on Friday, reaching $17.38. 7,792,790 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $16.17 and its 200 day moving average price is $15.32. ON Semiconductor Corporation has a 12-month low of $10.74 and a 12-month high of $17.51. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 25.60 and a beta of 1.98.

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ON has been the subject of several recent research reports. B. Riley reissued a “buy” rating and issued a $18.00 price target on shares of ON Semiconductor Corporation in a research note on Monday, June 12th. Raymond James Financial, Inc. initiated coverage on shares of ON Semiconductor Corporation in a research note on Friday, June 16th. They set an “outperform” rating and a $19.00 price objective for the company. BidaskClub downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. Zacks Investment Research downgraded shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Finally, Needham & Company LLC raised shares of ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $17.47.

A number of large investors have recently added to or reduced their stakes in ON. ProShare Advisors LLC grew its position 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 worth $399,000 after purchasing an additional 440 shares during the last quarter. Canada Pension Plan Investment Board grew its position 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 worth $4,061,000 after purchasing an additional 75,000 shares during the last quarter. LSV Asset Management grew its position 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 worth $1,793,000 after purchasing an additional 47,700 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in ON Semiconductor Corporation by 687.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 56,832 shares of the semiconductor company’s stock worth $880,000 after purchasing an additional 49,617 shares during the last quarter. Finally, Swiss National Bank grew its position in ON Semiconductor Corporation by 1.0% during the 1st quarter. Swiss National Bank now owns 689,700 shares of the semiconductor company’s stock worth $10,683,000 after purchasing an additional 6,600 shares during the last quarter. 98.07% of the stock is currently owned by 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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