ON Semiconductor Corp (NASDAQ:ON) was the target of some unusual options trading on Monday. Investors bought 8,449 call options on the stock. This represents an increase of 924% compared to the average volume of 825 call options.

A number of equities research analysts have weighed in on the company. ValuEngine lowered ON Semiconductor from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. BidaskClub lowered ON Semiconductor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 14th. Longbow Research lowered ON Semiconductor from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 17th. Mizuho raised their price objective on ON Semiconductor from $25.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, April 30th. Finally, Goldman Sachs Group upgraded ON Semiconductor from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $22.00 to $26.00 in a research report on Wednesday, March 27th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. ON Semiconductor presently has an average rating of “Hold” and a consensus price target of $25.11.

In related news, EVP George H. Cave sold 15,000 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $22.84, for a total transaction of $342,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Emmanuel T. Hernandez sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $22.52, for a total value of $225,200.00. Following the sale, the director now owns 129,655 shares in the company, valued at $2,919,830.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 38,069 shares of company stock worth $864,410. Company insiders own 1.40% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Scout Investments Inc. boosted its position in ON Semiconductor by 91.6% during 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 period. Vanguard Group Inc boosted its position in ON Semiconductor by 1.0% during 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 period. CFO4Life Group LLC boosted its position in ON Semiconductor by 8.6% during the 4th quarter. CFO4Life Group LLC now owns 29,183 shares of the semiconductor company’s stock valued at $482,000 after purchasing an additional 2,316 shares during the period. Caption Management LLC acquired a new position in ON Semiconductor during the 4th quarter valued at approximately $1,320,000. Finally, AlphaMark Advisors LLC boosted its position in ON Semiconductor by 40.0% during 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 period. Institutional investors and hedge funds own 95.29% of the company’s stock.

Shares of ON opened at $18.33 on Tuesday. The company has a market capitalization of $7.74 billion, a PE ratio of 9.35, a PEG ratio of 1.46 and a beta of 2.05. The company has a quick ratio of 1.38, a current ratio of 2.31 and a debt-to-equity ratio of 0.82. ON Semiconductor has a 52 week low of $14.55 and a 52 week high of $26.38.

ON Semiconductor (NASDAQ:ON) last issued its earnings results on Saturday, April 27th. The semiconductor company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.40 by $0.03. ON Semiconductor had a return on equity of 26.54% and a net margin of 10.22%. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the firm earned $0.31 EPS. The business’s revenue was up .7% on a year-over-year basis. Equities analysts expect that ON Semiconductor will post 1.8 earnings per share for the current year.

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About ON Semiconductor

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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