ON Semiconductor Corp (NASDAQ:ON) EVP Vince Craig Hopkin sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $19.81, for a total transaction of $59,430.00. Following the completion of the transaction, the executive vice president now owns 91,049 shares of the company’s stock, valued at $1,803,680.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
NASDAQ ON traded down $1.09 on Friday, reaching $19.05. The company had a trading volume of 8,569,411 shares, compared to its average volume of 6,815,851. The stock has a market cap of $8.31 billion, a PE ratio of 9.72, a P/E/G ratio of 1.60 and a beta of 2.19. ON Semiconductor Corp has a 1 year low of $14.55 and a 1 year high of $25.73. 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 (NASDAQ:ON) last released its quarterly earnings results on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The firm had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.39 billion. ON Semiconductor had a return on equity of 26.54% and a net margin of 10.22%. ON Semiconductor’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.31 EPS. Sell-side analysts anticipate that ON Semiconductor Corp will post 1.77 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ON. Vanguard Group Inc boosted its holdings in ON Semiconductor by 1.0% in the 3rd quarter. Vanguard Group Inc now owns 43,093,027 shares of the semiconductor company’s stock worth $794,204,000 after acquiring an additional 411,056 shares during the period. Janney Montgomery Scott LLC raised its position in shares of ON Semiconductor by 2.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 35,532 shares of the semiconductor company’s stock valued at $587,000 after purchasing an additional 894 shares in the last quarter. ETF Managers Group LLC raised its position in shares of ON Semiconductor by 18.8% in the 4th quarter. ETF Managers Group LLC now owns 5,417 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 856 shares in the last quarter. M&T Bank Corp raised its position in shares of ON Semiconductor by 5.0% in the 4th quarter. M&T Bank Corp now owns 17,833 shares of the semiconductor company’s stock valued at $295,000 after purchasing an additional 843 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in shares of ON Semiconductor by 29.2% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 21,636 shares of the semiconductor company’s stock valued at $357,000 after purchasing an additional 4,889 shares in the last quarter. Hedge funds and other institutional investors own 96.33% of the company’s stock.
ON Semiconductor Company Profile
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.
Further Reading: Green Investing
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