ON Semiconductor Corporation (NASDAQ:ON) VP Paul E. Rolls sold 10,000 shares of ON Semiconductor Corporation stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $17.00, for a total transaction of $170,000.00. Following the transaction, the vice president now directly owns 368,029 shares of the company’s stock, valued at $6,256,493. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

ON Semiconductor Corporation (ON) traded up 1.00% during midday trading on Friday, hitting $17.25. 4,499,830 shares of the stock traded hands. The firm has a market cap of $7.27 billion, a P/E ratio of 25.41 and a beta of 1.97. The company’s 50-day moving average is $15.74 and its 200 day moving average is $15.24. ON Semiconductor Corporation has a 12-month low of $10.08 and a 12-month high of $17.33.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas raised its position in ON Semiconductor Corporation by 0.4% in the second quarter. Teacher Retirement System of Texas now owns 33,379 shares of the semiconductor company’s stock valued at $469,000 after buying an additional 127 shares during the last quarter. Chase Investment Counsel Corp raised its position in ON Semiconductor Corporation by 0.3% in the second quarter. Chase Investment Counsel Corp now owns 91,155 shares of the semiconductor company’s stock valued at $1,279,000 after buying an additional 254 shares during the last quarter. Numeric Investors LLC raised its position in ON Semiconductor Corporation by 0.3% in the second quarter. Numeric Investors LLC now owns 89,300 shares of the semiconductor company’s stock valued at $1,254,000 after buying an additional 300 shares during the last quarter. Amalgamated Bank raised its position in ON Semiconductor Corporation by 0.7% in the first quarter. Amalgamated Bank now owns 59,332 shares of the semiconductor company’s stock valued at $919,000 after buying an additional 393 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in ON Semiconductor Corporation by 1.7% in the first quarter. ProShare Advisors LLC now owns 25,741 shares of the semiconductor company’s stock valued at $399,000 after buying an additional 440 shares during the last quarter. 98.06% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently commented on ON shares. B. Riley lifted their price target on shares of ON Semiconductor Corporation from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Mizuho reaffirmed an “outperform” rating and set a $19.00 price target (up from $18.00) on shares of ON Semiconductor Corporation in a research note on Wednesday, August 9th. Zacks Investment Research cut shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. BidaskClub raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Credit Suisse Group reaffirmed a “sell” rating and set a $14.00 price target on shares of ON Semiconductor Corporation in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $17.07.

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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