ON Semiconductor Corp (NASDAQ:ON) was the recipient of unusually large options trading activity on Monday. Stock investors bought 8,449 call options on the company. This represents an increase of approximately 924% compared to the average volume of 825 call options.

ON has been the subject of several research analyst reports. BidaskClub raised shares of ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Robert W. Baird downgraded shares of ON Semiconductor from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 27th. Goldman Sachs Group raised shares of ON Semiconductor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $22.00 to $26.00 in a research report on Wednesday, March 27th. ValuEngine raised shares of ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Finally, B. Riley reaffirmed a “buy” rating and set a $30.00 price objective (up previously from $27.00) on shares of ON Semiconductor in a research report on Monday, March 11th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $25.11.

Shares of NASDAQ:ON opened at $18.75 on Wednesday. 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 has a fifty-two week low of $14.55 and a fifty-two week high of $26.38. The stock has a market cap of $7.73 billion, a P/E ratio of 9.57, a price-to-earnings-growth ratio of 1.46 and a beta of 2.05.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. ON Semiconductor had a net margin of 10.22% and a return on equity of 26.54%. The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. On average, equities analysts expect that ON Semiconductor will post 1.8 earnings per share for the current fiscal year.

In other news, Director Emmanuel T. Hernandez sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 10th. The shares were sold at an average price of $22.59, for a total value of $225,900.00. Following the completion of the sale, the director now owns 119,655 shares of the company’s stock, valued at approximately $2,703,006.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bernard Raymond Colpitts, Jr. sold 3,069 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $23.04, for a total transaction of $70,709.76. The disclosure for this sale can be found here. Insiders sold a total of 38,069 shares of company stock worth $864,410 in the last quarter. 1.40% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the stock. Gateway Investment Advisers LLC grew its position in ON Semiconductor by 0.6% in the 1st quarter. Gateway Investment Advisers LLC now owns 77,343 shares of the semiconductor company’s stock worth $1,591,000 after purchasing an additional 479 shares during the last quarter. Great West Life Assurance Co. Can grew its position in ON Semiconductor by 0.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 116,355 shares of the semiconductor company’s stock worth $1,830,000 after purchasing an additional 613 shares during the last quarter. Berman Capital Advisors LLC grew its position in ON Semiconductor by 79.8% in the 1st quarter. Berman Capital Advisors LLC now owns 1,539 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 683 shares during the last quarter. Huntington National Bank grew its position in ON Semiconductor by 69.2% in the 4th quarter. Huntington National Bank now owns 1,926 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 788 shares during the last quarter. Finally, M&T Bank Corp grew its position in ON Semiconductor by 5.0% in the 4th quarter. M&T Bank Corp now owns 17,833 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 843 shares during the last quarter. 95.29% of the stock is owned by institutional investors and hedge funds.

WARNING: “ON Semiconductor Sees Unusually Large Options Volume (ON)” was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://theolympiareport.com/2019/05/22/on-semiconductor-sees-unusually-large-options-volume-on.html.

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.

See Also: Discount Rate

Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.