Company shares last traded at $21.32 impressively higher than the 50 day moving average which is $18.91 and a great deal higher than the 200 day moving average of $16.28. The 50 day moving average moved up $2.41 and the 200 day average went up $5.04 or +31.00%. Trading volume for ON Semiconductor Corporation was 7,940K on Tuesday. Trading volume was up 50.91% over the stocks average daily volume.
Traders are feeling more bullish on ON Semiconductor Corporation lately as evidenced by the change in short interest. The company had a fall in short interest of -6.04% between September 29, 2017 and October 13, 2017. Short interest fell 1,446,814 over that period. Days to cover decreased from 4.0 to 4.0 and the percentage of shorted shares is 0.05% as of October 13.
Here is a rundown on some insider market activity for ON Semiconductor Corporation (NASDAQ:ON). EVP & GM, ASG Robert A. Klosterboer disclosed the sale of 16,325 shares of (ON). The shares were purchased at an average price of $20.23. Klosterboer now owns $8,291,225 of the stock per the Form 4 SEC filing. Bernard Gutmann, Exec VP disclosed the sale of 20,000 shares of ON stock. The shares were sold on October 16th for an average price of $19.62. The Exec VP now owns $10,501,566 of the stock according to the SEC filing.
Keith D. Jackson, CEO sold $9,328,582 worth of shares at an average price of $19.59 on Mon the 16th. That brings Jackson’s holdings to $62,164,496 as recorded in a recent Form 4 SEC filing.
The following firms have recently changed their position in ON. Calamos Advisors LLC reduced its ownership by selling 11,800 shares a decrease of 12.0% in the quarter. Calamos Advisors LLC claims 86,400 shares worth $1,596,000. The value of the position overall is up by 15.7%. Pictet Asset Management Ltd expanded its investment by buying 84,010 shares an increase of 3.6%. Pictet Asset Management Ltd currently owns 2,386,150 shares valued at $44,072,000. The total value of its holdings increased 23.7%.
Aperio Group, LLC grew its position by buying 3,863 shares an increase of 7.7% from 06/30/2017 to 09/30/2017. Aperio Group, LLC now controls 54,229 shares with a value of $1,002,000. The total value of its holdings increased 41.7%. Sumitomo Mitsui Asset Management Company, Ltd bolstered its stake by buying 148,600 shares an increase of 3.2% as of 09/30/2017. Sumitomo Mitsui Asset Management Company, Ltd controls 4,739,270 shares with a value of $87,534,000. The value of the position overall is up by 35.8%.
On August 8 B. Riley kept the company rating at “Buy” but moved up the price target to $21.00 from $13.00. August 8 investment analysts at Credit Suisse left the company rating at “Equal-Weight” but raised the price expectation from $11.50 to $17.00.
On September 13, 2017 the stock rating was set at “Neutral” in a report from Goldman Sachs which was a cut from the previous “Neutral” rating.
ON Semiconductor Corporation’s P/E ratio is 31.40 and market capitalization is 8.99B. As of the latest earnings report the EPS was $0.68 and is projected to be $1.40 for the current year with 421,563,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.36 with next year’s EPS projected to be $1.61.
ON Semiconductor Corporation, launched on June 22, 2000, offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Business’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Business’s power management and motor driver semiconductor components control, convert, protect and monitor the supply of power to the different elements within a range of electronic devices. Its custom application specific integrated circuits (ASICs) use analog, microcontroller Unit (MCU), digital signal processor (DSP), mixed-signal and logic capabilities to act as the brain behind many of its automotive, medical, aerospace/defense, consumer and industrial customers’ products. Its signal management semiconductor components provide clock management and data flow management for precision computing, communications and industrial systems. Its portfolio of sensors, optical image stabilization and auto focus devices provide solutions for automotive, wireless, industrial and consumer applications. Its standard semiconductor components serve as building blocks within virtually all types of electronic devices..