ON Semiconductor Target of Unusually High Options Trading (ON)

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ON Semiconductor Corp (NASDAQ:ON) saw some unusual options trading activity on Thursday. Stock traders purchased 31,946 call options on the stock. This is an increase of 1,616% compared to the typical volume of 1,862 call options.

NASDAQ ON opened at $22.17 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.16 and a quick ratio of 1.32. The company has a market cap of $9.04 billion, a P/E ratio of 11.31, a PEG ratio of 1.72 and a beta of 2.05. ON Semiconductor has a 52 week low of $14.55 and a 52 week high of $26.79.

In other news, Director Emmanuel T. Hernandez sold 30,000 shares of the business’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $20.01, for a total value of $600,300.00. Following the completion of the sale, the director now owns 159,655 shares in the company, valued at approximately $3,194,696.55. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Emmanuel T. Hernandez sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $22.00, for a total transaction of $220,000.00. Following the completion of the sale, the director now owns 149,655 shares of the company’s stock, valued at approximately $3,292,410. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,000 shares of company stock valued at $1,266,000. 1.29% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. MUFG Securities EMEA plc bought a new position in shares of ON Semiconductor during the 4th quarter worth approximately $2,269,000. American Century Companies Inc. raised its stake in shares of ON Semiconductor by 64.3% during the 4th quarter. American Century Companies Inc. now owns 818,593 shares of the semiconductor company’s stock worth $13,515,000 after acquiring an additional 320,413 shares in the last quarter. Norges Bank bought a new position in shares of ON Semiconductor during the 4th quarter worth approximately $76,075,000. Delphi Management Inc. MA raised its stake in shares of ON Semiconductor by 3.8% during the 4th quarter. Delphi Management Inc. MA now owns 112,535 shares of the semiconductor company’s stock worth $1,858,000 after acquiring an additional 4,129 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of ON Semiconductor by 17.0% during the 4th quarter. Nordea Investment Management AB now owns 1,480,677 shares of the semiconductor company’s stock worth $24,446,000 after acquiring an additional 215,228 shares in the last quarter. Hedge funds and other institutional investors own 91.81% of the company’s stock.

Several equities research analysts have recently commented on ON shares. BidaskClub upgraded shares of ON Semiconductor from a “strong sell” rating to a “sell” rating in a report on Saturday, January 12th. ValuEngine upgraded shares of ON Semiconductor from a “sell” rating to a “hold” rating in a report on Tuesday, December 18th. BMO Capital Markets upgraded shares of ON Semiconductor from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $20.00 to $30.00 in a report on Monday, March 4th. Robert W. Baird restated a “buy” rating and issued a $28.00 price target on shares of ON Semiconductor in a report on Wednesday, January 9th. Finally, Zacks Investment Research upgraded shares of ON Semiconductor from a “sell” rating to a “hold” rating in a report on Monday, January 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.73.

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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.

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