ON Semiconductor Corporation (NASDAQ:ON) Director Paul Anthony Mascarenas sold 9,375 shares of the business’s stock in a transaction 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 sale, the director now owns 58,379 shares of the company’s stock, valued at $1,068,335.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

ON Semiconductor Corporation (NASDAQ ON) opened at 19.08 on Thursday. The firm has a market cap of $8.04 billion, a PE ratio of 28.10 and a beta of 2.01. ON Semiconductor Corporation has a 12-month low of $10.74 and a 12-month high of $19.33. The stock’s 50 day moving average price is $17.12 and its 200-day moving average price is $15.60.

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Several research firms recently issued reports on ON. B. Riley restated a “buy” rating and issued a $18.00 price target on shares of ON Semiconductor Corporation in a research note on Saturday, June 17th. BidaskClub upgraded ON Semiconductor Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Needham & Company LLC upgraded ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research note on Monday, August 7th. KeyCorp reaffirmed a “hold” rating on shares of ON Semiconductor Corporation in a report on Tuesday, September 12th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a $17.00 price objective (up from $16.00) on shares of ON Semiconductor Corporation in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $18.41.

A number of large investors have recently bought and sold shares of ON. World Asset Management Inc boosted its stake in ON Semiconductor Corporation by 5.3% during the first quarter. World Asset Management Inc now owns 15,414 shares of the semiconductor company’s stock valued at $239,000 after buying an additional 775 shares during the period. Karp Capital Management Corp bought a new stake in ON Semiconductor Corporation during the first quarter valued at $730,000. Envestnet Asset Management Inc. boosted its stake in ON Semiconductor Corporation by 32.7% during the first quarter. Envestnet Asset Management Inc. now owns 14,201 shares of the semiconductor company’s stock valued at $221,000 after buying an additional 3,502 shares during the period. Prudential Financial Inc. boosted its stake in ON Semiconductor Corporation by 898.9% during the first quarter. Prudential Financial Inc. now owns 245,474 shares of the semiconductor company’s stock valued at $3,802,000 after buying an additional 220,900 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in ON Semiconductor Corporation by 16.9% during the first quarter. Principal Financial Group Inc. now owns 92,391 shares of the semiconductor company’s stock valued at $1,431,000 after buying an additional 13,329 shares during the period. 98.07% of the stock is 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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