ON Semiconductor Corp (NASDAQ:ON) Director Atsushi Abe sold 20,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $22.53, for a total transaction of $450,600.00. Following the transaction, the director now owns 154,913 shares in the company, valued at approximately $3,490,189.89. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of ON Semiconductor Corp (ON) opened at $23.56 on Wednesday. ON Semiconductor Corp has a twelve month low of $13.65 and a twelve month high of $25.60. The company has a market cap of $9,990.00, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 1.06 and a beta of 2.08. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.
ON Semiconductor (NASDAQ:ON) last announced its earnings results on Friday, February 2nd. The semiconductor company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. ON Semiconductor had a net margin of 14.63% and a return on equity of 23.64%. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the company earned $0.29 earnings per share. The firm’s revenue was up 9.2% on a year-over-year basis. equities research analysts predict that ON Semiconductor Corp will post 1.73 EPS for the current year.
A number of hedge funds have recently made changes to their positions in the business. Convergence Investment Partners LLC increased its stake in shares of ON Semiconductor by 4.9% in the fourth quarter. Convergence Investment Partners LLC now owns 183,149 shares of the semiconductor company’s stock worth $3,835,000 after purchasing an additional 8,579 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of ON Semiconductor by 10.6% in the third quarter. Public Employees Retirement System of Ohio now owns 197,277 shares of the semiconductor company’s stock worth $3,644,000 after purchasing an additional 18,934 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of ON Semiconductor by 50.4% in the third quarter. GSA Capital Partners LLP now owns 39,059 shares of the semiconductor company’s stock worth $721,000 after purchasing an additional 13,087 shares in the last quarter. Chicago Equity Partners LLC increased its stake in shares of ON Semiconductor by 7.0% in the fourth quarter. Chicago Equity Partners LLC now owns 120,035 shares of the semiconductor company’s stock worth $2,514,000 after purchasing an additional 7,835 shares in the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in shares of ON Semiconductor in the fourth quarter worth $573,000. 97.99% of the stock is owned by institutional investors and hedge funds.
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ON Semiconductor 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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