ON Semiconductor Target of Unusually High Options Trading (ON)
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.
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.
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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.
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