Investors Purchase Large Volume of Call Options on ON Semiconductor (NASDAQ:ON)

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ON Semiconductor Corp (NASDAQ:ON) was the recipient of some unusual options trading on Monday. Stock traders purchased 17,913 call options on the company. This is an increase of approximately 1,600% compared to the average daily volume of 1,054 call options.

In other ON Semiconductor news, EVP George H. Cave sold 15,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $22.84, for a total value of $342,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Vince Craig Hopkin sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $19.81, for a total value of $59,430.00. Following the completion of the sale, the executive vice president now directly owns 91,049 shares of the company’s stock, valued at approximately $1,803,680.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 24,800 shares of company stock valued at $543,480. Insiders own 1.40% of the company’s stock.

Several institutional investors have recently modified their holdings of ON. Front Row Advisors LLC raised its position in shares of ON Semiconductor by 2,244.3% during the 1st quarter. Front Row Advisors LLC now owns 1,430 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 1,369 shares during the last quarter. Berman Capital Advisors LLC raised its position in shares of ON Semiconductor by 79.8% during the 1st quarter. Berman Capital Advisors LLC now owns 1,539 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 683 shares during the last quarter. Private Capital Group LLC raised its position in shares of ON Semiconductor by 116.8% during the 1st quarter. Private Capital Group LLC now owns 2,096 shares of the semiconductor company’s stock valued at $43,000 after acquiring an additional 1,129 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of ON Semiconductor by 135.8% during the 1st quarter. Quadrant Capital Group LLC now owns 2,747 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 1,582 shares during the last quarter. Finally, FinTrust Capital Advisors LLC raised its position in shares of ON Semiconductor by 87.4% during the 1st quarter. FinTrust Capital Advisors LLC now owns 2,608 shares of the semiconductor company’s stock valued at $54,000 after acquiring an additional 1,216 shares during the last quarter. Institutional investors own 96.20% of the company’s stock.

A number of equities analysts have recently commented on the company. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Loop Capital reiterated a “hold” rating and issued a $76.00 price objective on shares of Power Integrations in a research note on Tuesday, June 18th. Longbow Research lowered Texas Instruments from a “buy” rating to a “neutral” rating and set a $116.20 price objective on the stock. in a research note on Wednesday, April 17th. BidaskClub upgraded Winmark from a “sell” rating to a “hold” rating in a research note on Tuesday, May 14th. Finally, Jefferies Financial Group lowered their price target on CommVault Systems to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $25.11.

Shares of ON opened at $20.11 on Tuesday. The stock has a 50 day simple moving average of $19.40. ON Semiconductor has a one year low of $14.55 and a one year high of $24.31. The company has a quick ratio of 1.38, a current ratio of 2.31 and a debt-to-equity ratio of 0.82. The firm has a market cap of $8.35 billion, a P/E ratio of 10.26, a P/E/G ratio of 1.74 and a beta of 2.17.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.03. ON Semiconductor had a return on equity of 26.54% and a net margin of 10.22%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the business earned $0.31 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts anticipate that ON Semiconductor will post 1.75 EPS for the current fiscal year.

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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