ON Semiconductor Corp (NASDAQ:ON) saw unusually large options trading activity on Thursday. Stock investors purchased 3,333 put options on the company. This represents an increase of approximately 1,920% compared to the average daily volume of 165 put options.

ON Semiconductor (ON) opened at $25.04 on Friday. The company has a market cap of $10,750.00, a price-to-earnings ratio of 27.22, a PEG ratio of 0.81 and a beta of 2.02. ON Semiconductor has a 1-year low of $13.06 and a 1-year high of $25.17. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Sunday, November 5th. The semiconductor company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.10). ON Semiconductor had a net margin of 7.22% and a return on equity of 22.97%. analysts predict that ON Semiconductor will post 1.43 earnings per share for the current fiscal year.

In other ON Semiconductor news, EVP Robert A. Klosterboer sold 16,325 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $20.23, for a total transaction of $330,254.75. Following the sale, the executive vice president now owns 409,848 shares of the company’s stock, valued at $8,291,225.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP William Hall sold 22,583 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $23.86, for a total transaction of $538,830.38. The disclosure for this sale can be found here. Insiders sold 196,874 shares of company stock valued at $4,259,209 in the last quarter. 1.60% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Oppenheimer Asset Management Inc. increased its stake in ON Semiconductor by 13.5% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 8,060 shares of the semiconductor company’s stock valued at $113,000 after buying an additional 960 shares during the period. BB&T Securities LLC acquired a new position in ON Semiconductor in the 3rd quarter valued at $187,000. Cambridge Investment Research Advisors Inc. acquired a new position in ON Semiconductor in the 3rd quarter valued at $200,000. Krilogy Financial LLC increased its stake in ON Semiconductor by 2.8% in the 2nd quarter. Krilogy Financial LLC now owns 16,400 shares of the semiconductor company’s stock valued at $230,000 after buying an additional 450 shares during the period. Finally, Oppenheimer & Co. Inc. acquired a new position in ON Semiconductor in the 3rd quarter valued at $231,000. 99.75% of the stock is currently owned by institutional investors.

A number of analysts have weighed in on ON shares. Credit Suisse Group raised their price objective on shares of ON Semiconductor from $14.50 to $17.00 and gave the stock an “underperform” rating in a report on Tuesday, November 7th. Summit Redstone cut shares of ON Semiconductor to a “hold” rating in a report on Monday, November 6th. Citigroup set a $23.50 price objective on shares of ON Semiconductor and gave the stock a “buy” rating in a report on Tuesday, October 24th. B. Riley raised their price objective on shares of ON Semiconductor from $21.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, KeyCorp reissued a “hold” rating on shares of ON Semiconductor in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. ON Semiconductor has an average rating of “Buy” and a consensus price target of $22.26.

ILLEGAL ACTIVITY WARNING: This story was posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of US and international trademark and copyright law. The legal version of this story can be read at https://www.watchlistnews.com/on-semiconductor-target-of-unusually-high-options-trading-on/1816214.html.

About ON Semiconductor

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.

Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.