ON Semiconductor Corp (NASDAQ:ON)’s stock price dropped 5.4% during trading on Friday after an insider sold shares in the company. The stock traded as low as $18.88 and last traded at $19.05. Approximately 8,333,919 shares were traded during trading, an increase of 18% from the average daily volume of 7,054,340 shares. The stock had previously closed at $20.14.

Specifically, EVP Vince Craig Hopkin sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $19.81, for a total value of $59,430.00. Following the sale, the executive vice president now directly owns 91,049 shares in the company, valued at $1,803,680.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emmanuel T. Hernandez sold 10,000 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of $22.59, for a total transaction of $225,900.00. Following the completion of the sale, the director now owns 119,655 shares in the company, valued at $2,703,006.45. The disclosure for this sale can be found here. Insiders sold 34,800 shares of company stock worth $769,380 over the last quarter. Company insiders own 1.40% of the company’s stock.

ON has been the topic of several research reports. BMO Capital Markets upgraded shares of ON Semiconductor from a “market perform” rating to an “outperform” rating and increased their price target for the company from $20.00 to $30.00 in a research report on Monday, March 4th. Jefferies Financial Group upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating and raised their target price for the stock from $26.00 to $29.00 in a research report on Tuesday, April 30th. ValuEngine lowered shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Robert W. Baird restated a “hold” rating and set a $25.00 target price on shares of ON Semiconductor in a research report on Monday, March 11th. Finally, BidaskClub upgraded shares of ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $25.11.

The stock has a market capitalization of $8.31 billion, a PE ratio of 9.72, a P/E/G ratio of 1.60 and a beta of 2.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.38 and a current ratio of 2.31.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. ON Semiconductor had a net margin of 10.22% and a return on equity of 26.54%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business earned $0.31 earnings per share. ON Semiconductor’s revenue was up .7% compared to the same quarter last year. As a group, research analysts forecast that ON Semiconductor Corp will post 1.77 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Scout Investments Inc. boosted its holdings in shares of ON Semiconductor by 91.6% in the 1st quarter. Scout Investments Inc. now owns 774,019 shares of the semiconductor company’s stock valued at $15,922,000 after purchasing an additional 369,948 shares during the last quarter. Vanguard Group Inc boosted its holdings in shares of ON Semiconductor by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 43,093,027 shares of the semiconductor company’s stock valued at $794,204,000 after purchasing an additional 411,056 shares during the last quarter. Waverton Investment Management Ltd boosted its holdings in shares of ON Semiconductor by 9.6% in the 1st quarter. Waverton Investment Management Ltd now owns 43,860 shares of the semiconductor company’s stock valued at $902,000 after purchasing an additional 3,845 shares during the last quarter. AlphaMark Advisors LLC boosted its holdings in shares of ON Semiconductor by 40.0% in the 4th quarter. AlphaMark Advisors LLC now owns 261,542 shares of the semiconductor company’s stock valued at $4,318,000 after purchasing an additional 74,706 shares during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of ON Semiconductor by 23.6% in the 4th quarter. Toronto Dominion Bank now owns 57,400 shares of the semiconductor company’s stock valued at $947,000 after purchasing an additional 10,952 shares during the last quarter. Institutional investors own 96.33% of the company’s stock.

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ON Semiconductor Company Profile (NASDAQ:ON)

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

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