Stock Traders Purchase Large Volume of ON Semiconductor Call Options (NASDAQ:ON)
ON Semiconductor Corp (NASDAQ:ON) saw unusually large options trading activity on Thursday. Traders purchased 12,679 call options on the company. This is an increase of 1,842% compared to the average daily volume of 653 call options.
ON Semiconductor (ON) traded up $0.28 during mid-day trading on Monday, reaching $25.42. 6,560,000 shares of the company’s stock traded hands, compared to its average volume of 6,310,000. ON Semiconductor has a fifty-two week low of $13.06 and a fifty-two week high of $25.60. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $10,780.00, a price-to-earnings ratio of 27.63, a P/E/G ratio of 0.82 and a beta of 2.02.
ON Semiconductor (NASDAQ:ON) last released its earnings results on Sunday, November 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.10). ON Semiconductor had a return on equity of 22.97% and a net margin of 7.22%. research analysts anticipate that ON Semiconductor will post 1.44 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in ON. FMR LLC lifted its holdings in ON Semiconductor by 58.7% during the 2nd quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock valued at $562,753,000 after buying an additional 14,818,360 shares in the last quarter. Vanguard Group Inc. lifted its holdings in ON Semiconductor by 5.0% during the 2nd quarter. Vanguard Group Inc. now owns 34,915,253 shares of the semiconductor company’s stock valued at $490,210,000 after buying an additional 1,652,005 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in ON Semiconductor by 6.0% during the 3rd quarter. Janus Henderson Group PLC now owns 34,605,410 shares of the semiconductor company’s stock valued at $639,162,000 after buying an additional 1,949,089 shares in the last quarter. Capital International Investors increased its position in ON Semiconductor by 1.9% during the 3rd quarter. Capital International Investors now owns 24,062,785 shares of the semiconductor company’s stock valued at $444,440,000 after purchasing an additional 439,448 shares during the period. Finally, Pictet Asset Management Ltd. increased its position in ON Semiconductor by 16.8% during the 3rd quarter. Pictet Asset Management Ltd. now owns 8,576,929 shares of the semiconductor company’s stock valued at $158,416,000 after purchasing an additional 1,234,603 shares during the period. Hedge funds and other institutional investors own 99.78% of the company’s stock.
Several equities analysts recently issued reports on the stock. Vetr upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 price target on the stock in a research report on Monday, January 22nd. Zacks Investment Research cut shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. BidaskClub cut shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Friday. Mizuho restated a “buy” rating and issued a $26.00 price objective (up previously from $24.00) on shares of ON Semiconductor in a report on Friday, January 12th. Finally, Bank of America reiterated a “buy” rating and issued a $25.00 target price on shares of ON Semiconductor in a research note on Monday, November 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $22.33.
About ON Semiconductor
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.
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