Log in

Paul E. Rolls Sells 11,762 Shares of ON Semiconductor Corp (NASDAQ:ON) Stock

Last updated on Wednesday, September 23, 2020 | 2020 MarketBeat

ON Semiconductor Corp (NASDAQ:ON) VP Paul E. Rolls sold 11,762 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $20.62, for a total value of $242,532.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of ON traded down $0.74 during trading hours on Wednesday, reaching $20.08. 4,571,313 shares of the company traded hands, compared to its average volume of 8,598,604. The company has a quick ratio of 1.62, a current ratio of 2.35 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $8.25 billion, a PE ratio of -501.87, a price-to-earnings-growth ratio of 24.13 and a beta of 2.17. ON Semiconductor Corp has a fifty-two week low of $8.17 and a fifty-two week high of $25.92. The stock has a fifty day simple moving average of $21.66 and a 200 day simple moving average of $17.97.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Saturday, August 8th. The semiconductor company reported $0.12 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.10. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. ON Semiconductor had a positive return on equity of 10.85% and a negative net margin of 0.37%. The business's revenue for the quarter was down 10.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 earnings per share. Research analysts predict that ON Semiconductor Corp will post 0.68 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its stake in ON Semiconductor by 29.3% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,500 shares of the semiconductor company's stock worth $44,000 after buying an additional 793 shares during the last quarter. Capital Analysts LLC boosted its stake in ON Semiconductor by 14.4% in the 2nd quarter. Capital Analysts LLC now owns 3,962 shares of the semiconductor company's stock worth $79,000 after buying an additional 498 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in ON Semiconductor by 40.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 10,928 shares of the semiconductor company's stock worth $136,000 after buying an additional 3,123 shares during the last quarter. Oasis Management Co Ltd. acquired a new stake in ON Semiconductor in the 1st quarter worth about $143,000. Finally, Commonwealth Equity Services LLC acquired a new stake in ON Semiconductor in the 1st quarter worth about $145,000. 99.53% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on ON. Wells Fargo & Company reiterated a "hold" rating on shares of ON Semiconductor in a research report on Tuesday, August 11th. B. Riley upgraded ON Semiconductor from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $15.00 to $26.00 in a research report on Wednesday, July 22nd. Craig Hallum increased their price objective on ON Semiconductor from $22.00 to $26.00 and gave the stock a "buy" rating in a research report on Tuesday, August 11th. Credit Suisse Group reiterated a "sell" rating and issued a $17.00 price objective on shares of ON Semiconductor in a research report on Friday, August 7th. Finally, Zacks Investment Research cut ON Semiconductor from a "buy" rating to a "hold" rating and set a $24.00 price objective for the company. in a research report on Thursday, August 13th. Three analysts have rated the stock with a sell rating, six have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of "Buy" and an average target price of $22.55.

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.

Read More: Why investors pay attention to retained earnings

Insider Buying and Selling by Quarter for ON Semiconductor (NASDAQ:ON)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

6 Stocks to Help You Profit Off the Coronavirus PPE Boom

Every major global event brings with it changes to our national lexicon. Before the Covid-19 pandemic, few Americans knew what the initials PPE stood for. Today, virtually anyone knows that PPE stands for personal protective equipment.

At the onset of the mitigation policies, the goal of flattening the curve was being done to prevent our health care system from becoming overwhelmed. Part of that concern stemmed from a shortage of personal protective equipment. These are the masks, gloves, goggles and gowns that help protect medical workers against viral or bacterial infections.

As the novel coronavirus became labeled a global pandemic, the global mantra became to “flatten the curve” in an effort to prevent our healthcare system from being overwhelmed.

The United States is being referred to as being on a war time footing. Manufacturers that were already producing PPE have significantly ramped up capacity. And many companies are converting their excess manufacturing capacity to produce personal protective equipment.

In fairness, this may only be a reason for some of these companies to “keep the lights on” right now. But many of these companies have a good story to tell. And it’s that story that can make them solid investments in the future.

View the "6 Stocks to Help You Profit Off the Coronavirus PPE Boom".

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.