ON Semiconductor Corp (NASDAQ:ON) VP Paul E. Rolls sold 31,487 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $20.00, for a total transaction of $629,740.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

ON Semiconductor stock opened at $17.37 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.36 and a quick ratio of 1.44. ON Semiconductor Corp has a 52-week low of $14.55 and a 52-week high of $27.10. The company has a market cap of $7.77 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 0.75 and a beta of 2.04.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Sunday, October 28th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.07. ON Semiconductor had a net margin of 17.24% and a return on equity of 25.97%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter last year, the business earned $0.44 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. Analysts forecast that ON Semiconductor Corp will post 1.9 earnings per share for the current year.

ON Semiconductor declared that its board has initiated a stock repurchase program on Thursday, November 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 20.5% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

Several research firms recently commented on ON. BidaskClub upgraded shares of ON Semiconductor from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 30th. KeyCorp began coverage on shares of ON Semiconductor in a research report on Tuesday, September 25th. They set a “sector weight” rating and a $16.00 target price on the stock. Raymond James downgraded shares of ON Semiconductor from an “outperform” rating to a “market perform” rating and set a $32.00 target price on the stock. in a research report on Tuesday, September 25th. ValuEngine downgraded shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Monday, September 17th. Finally, Zacks Investment Research downgraded shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Thursday, September 27th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $24.29.

A number of institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC increased its stake in shares of ON Semiconductor by 39.0% in the 2nd quarter. Aperio Group LLC now owns 103,643 shares of the semiconductor company’s stock valued at $2,305,000 after acquiring an additional 29,086 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of ON Semiconductor by 41.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 29,912 shares of the semiconductor company’s stock valued at $665,000 after acquiring an additional 8,760 shares in the last quarter. Alps Advisors Inc. increased its stake in shares of ON Semiconductor by 30.6% in the 2nd quarter. Alps Advisors Inc. now owns 27,693 shares of the semiconductor company’s stock valued at $580,000 after acquiring an additional 6,486 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of ON Semiconductor in the 2nd quarter valued at $32,421,000. Finally, Comerica Bank increased its stake in shares of ON Semiconductor by 3.4% in the 2nd quarter. Comerica Bank now owns 74,521 shares of the semiconductor company’s stock valued at $1,782,000 after acquiring an additional 2,478 shares in the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

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ON Semiconductor Company Profile

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

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