ON Semiconductor Corporation (ON) EVP Robert A. Klosterboer Sells 27,937 Shares
ON Semiconductor Corporation (NASDAQ:ON) EVP Robert A. Klosterboer sold 27,937 shares of the company’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $21.52, for a total value of $601,204.24. Following the sale, the executive vice president now directly owns 437,785 shares in the company, valued at approximately $9,421,133.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of ON Semiconductor Corporation (ON) traded down $0.29 during mid-day trading on Wednesday, hitting $21.13. The company’s stock had a trading volume of 3,665,342 shares, compared to its average volume of 6,241,656. The stock has a market capitalization of $9,153.42, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 0.82 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 quick ratio of 1.25 and a current ratio of 1.97.
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Several hedge funds have recently modified their holdings of ON. Bank of Montreal Can boosted its stake in shares of ON Semiconductor Corporation by 93.2% during the second quarter. Bank of Montreal Can now owns 1,840,953 shares of the semiconductor company’s stock worth $25,847,000 after buying an additional 888,022 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in shares of ON Semiconductor Corporation by 1.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 783,224 shares of the semiconductor company’s stock worth $10,996,000 after buying an additional 10,400 shares during the period. Atwood & Palmer Inc. acquired a new stake in shares of ON Semiconductor Corporation during the second quarter worth about $5,226,000. SignalPoint Asset Management LLC acquired a new stake in shares of ON Semiconductor Corporation during the third quarter worth about $739,000. Finally, LSV Asset Management boosted its stake in shares of ON Semiconductor Corporation by 2,285.0% during the second quarter. LSV Asset Management now owns 2,761,800 shares of the semiconductor company’s stock worth $38,775,000 after buying an additional 2,646,000 shares during the period. 96.09% of the stock is currently owned by institutional investors.
A number of analysts have recently weighed in on the company. BidaskClub lowered ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Needham & Company LLC raised ON Semiconductor Corporation from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 7th. Bank of America Corporation reaffirmed a “buy” rating on shares of ON Semiconductor Corporation in a research report on Sunday, October 1st. Summit Redstone lowered ON Semiconductor Corporation to a “hold” rating in a research report on Monday, November 6th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 price objective on shares of ON Semiconductor Corporation in a research report on Thursday, October 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. ON Semiconductor Corporation has an average rating of “Buy” and a consensus target price 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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