ON Semiconductor Corp (NASDAQ:ON) shares traded down 6.6% during mid-day trading on Monday . The company traded as low as $19.43 and last traded at $19.60. 12,867,900 shares were traded during trading, an increase of 84% from the average session volume of 6,998,758 shares. The stock had previously closed at $20.98.

A number of research analysts recently issued reports on the company. BidaskClub downgraded ON Semiconductor from a “sell” rating to a “strong sell” rating in a report on Tuesday. Zacks Investment Research upgraded ON Semiconductor from a “sell” rating to a “hold” rating in a report on Monday, January 28th. ValuEngine downgraded ON Semiconductor from a “hold” rating to a “sell” rating in a report on Monday, April 1st. B. Riley restated a “buy” rating and set a $30.00 price target (up previously from $27.00) on shares of ON Semiconductor in a report on Monday, March 11th. Finally, Longbow Research downgraded ON Semiconductor from a “buy” rating to a “neutral” rating in a report on Wednesday, April 17th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.11.

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 stock has a market cap of $8.08 billion, a price-to-earnings ratio of 10.33, a P/E/G ratio of 1.53 and a beta of 2.05.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.39 billion. ON Semiconductor had a return on equity of 26.54% and a net margin of 10.22%. The business’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.31 EPS. Equities analysts predict that ON Semiconductor Corp will post 1.8 EPS for the current year.

In other news, insider Bernard Raymond Colpitts, Jr. sold 3,069 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $23.04, for a total value of $70,709.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP George H. Cave sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $22.84, for a total value of $342,600.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,069 shares of company stock worth $864,410. Insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Scout Investments Inc. lifted its position in ON Semiconductor by 91.6% in the 1st quarter. Scout Investments Inc. now owns 774,019 shares of the semiconductor company’s stock valued at $15,922,000 after acquiring an additional 369,948 shares in the last quarter. Vanguard Group Inc raised its stake in ON Semiconductor by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 43,093,027 shares of the semiconductor company’s stock valued at $794,204,000 after buying an additional 411,056 shares during the last quarter. CFO4Life Group LLC raised its stake in ON Semiconductor by 8.6% during the 4th quarter. CFO4Life Group LLC now owns 29,183 shares of the semiconductor company’s stock valued at $482,000 after buying an additional 2,316 shares during the last quarter. Caption Management LLC purchased a new stake in ON Semiconductor during the 4th quarter valued at $1,320,000. Finally, AlphaMark Advisors LLC raised its stake in ON Semiconductor by 40.0% during the 4th quarter. AlphaMark Advisors LLC now owns 261,542 shares of the semiconductor company’s stock valued at $4,318,000 after buying an additional 74,706 shares during the last quarter. 95.29% of the stock is currently owned by hedge funds and other institutional investors.

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ON Semiconductor Company Profile (NASDAQ:ON)

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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