ON Semiconductor Corporation (ON) COO William A. Schromm Sells 54,366 Shares
ON Semiconductor Corporation (NASDAQ:ON) COO William A. Schromm sold 54,366 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $21.18, for a total transaction of $1,151,471.88. Following the transaction, the chief operating officer now owns 666,815 shares in the company, valued at approximately $14,123,141.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
ON Semiconductor Corporation (ON) traded up $0.05 during mid-day trading on Friday, hitting $21.44. 4,791,863 shares of the stock traded hands, compared to its average volume of 6,222,344. The company has a market capitalization of $9,070.00, a P/E ratio of 19.65, a P/E/G ratio of 0.81 and a beta of 2.06. ON Semiconductor Corporation has a 12-month low of $10.85 and a 12-month high of $22.03. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25.
Hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its stake in shares of ON Semiconductor Corporation by 13.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 960 shares during the last quarter. Nine Chapters Capital Management LLC bought a new position in shares of ON Semiconductor Corporation during the second quarter valued at $157,000. Marshall Wace North America L.P. bought a new position in shares of ON Semiconductor Corporation during the second quarter valued at $184,000. BB&T Securities LLC bought a new position in shares of ON Semiconductor Corporation during the third quarter valued at $187,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in shares of ON Semiconductor Corporation during the third quarter valued at $200,000. 96.09% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts have issued reports on the stock. B. Riley restated a “buy” rating and set a $21.00 target price on shares of ON Semiconductor Corporation in a research report on Sunday, August 13th. Needham & Company LLC upgraded shares of ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 7th. KeyCorp reiterated a “hold” rating on shares of ON Semiconductor Corporation in a research report on Tuesday, September 12th. Loop Capital increased their price target on shares of ON Semiconductor Corporation from $22.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, November 7th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a $17.00 price target (up previously from $16.00) on shares of ON Semiconductor Corporation in a research report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.23.
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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