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ON Semiconductor Corporation (ON) Director Gilles Delfassy Sells 4,500 Shares of Stock

Jul 15, 2017
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ON Semiconductor Corporation logoON Semiconductor Corporation (NASDAQ:ON) Director Gilles Delfassy sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $16.87, for a total transaction of $75,915.00. Following the transaction, the director now directly owns 33,044 shares of the company’s stock, valued at $557,452.28. The sale was disclosed in a document filed with the SEC, which is available through this link.

ON Semiconductor Corporation (NASDAQ:ON) traded up 1.21% during midday trading on Friday, hitting $15.08. 3,480,568 shares of the stock traded hands. The stock has a market cap of $6.34 billion, a PE ratio of 29.00 and a beta of 1.96. ON Semiconductor Corporation has a 1-year low of $8.72 and a 1-year high of $16.93. The company has a 50-day moving average of $15.43 and a 200-day moving average of $14.57.

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Several institutional investors have recently added to or reduced their stakes in ON. Segantii Capital Management Ltd bought a new position in ON Semiconductor Corporation during the first quarter valued at approximately $101,000. Israel Discount Bank of New York bought a new position in ON Semiconductor Corporation during the first quarter valued at approximately $102,000. Oppenheimer Asset Management Inc. bought a new position in ON Semiconductor Corporation during the first quarter valued at approximately $110,000. FTB Advisors Inc. increased its position in ON Semiconductor Corporation by 499.9% in the first quarter. FTB Advisors Inc. now owns 10,306 shares of the semiconductor company’s stock valued at $148,000 after buying an additional 8,588 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in ON Semiconductor Corporation by 2,234.7% in the first quarter. Tower Research Capital LLC TRC now owns 10,039 shares of the semiconductor company’s stock valued at $156,000 after buying an additional 9,609 shares in the last quarter. Hedge funds and other institutional investors own 96.26% of the company’s stock.

Several analysts have commented on ON shares. Zacks Investment Research raised shares of ON Semiconductor Corporation from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Tuesday, May 9th. MKM Partners reaffirmed a “buy” rating and issued a $20.00 target price on shares of ON Semiconductor Corporation in a research note on Friday, April 7th. Credit Suisse Group reaffirmed a “sell” rating and issued a $14.00 target price on shares of ON Semiconductor Corporation in a research note on Wednesday, May 10th. Vetr raised shares of ON Semiconductor Corporation from a “sell” rating to a “strong-buy” rating and set a $16.85 target price for the company in a research note on Tuesday, April 11th. Finally, BidaskClub lowered shares of ON Semiconductor Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. ON Semiconductor Corporation presently has an average rating of “Buy” and a consensus price target of $16.40.

About ON Semiconductor Corporation

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.

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

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