The EVP & GM, APG of ON Semi (NASDAQ: ON) is Selling SharesBy Carrie Williams
Following Robert Klosterboer’s last ON Sell transaction on March 29, 2016, the stock climbed by 1.3%. In addition to Robert Klosterboer, one other ON executive reported Sell trades in the last month.
Based on ON Semi’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $951 million and quarterly net profit of $10.1 million. In comparison, last year the company earned revenue of $904 million and had a net profit of $46.3 million. The company has a one year high of $12.69 and a one year low of $6.97. ON’s market cap is $4.68B and the company has a P/E ratio of 37.4.
Based on 14 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $14.42, reflecting a -22.3% downside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy ON with a $15 price target. Three different firms, including Goldman Sachs and Evercore ISI, currently also have a Sell rating on the stock.
The insider sentiment on ON Semi has been neutral according to 64 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
ON Semiconductor Corp. is a supplier of silicon solutions for energy electronics, which engages in the design, manufacture, and market portfolio of semiconductor components that address the design needs of electronic systems and products. It operates through the following business segments: Application Products Group, Image Sensor Group, Standard Products Group, and System Solutions Group. The Application Products Group segment designs and develops analog, mixed-signal, and advanced logic application-specific integrated circuit and application specific standard product solutions for a broad base of end-users in the automotive, consumer electronics, computing, industrial, communications, medical and military or aerospace markets. The Image Sensor Group segment designs and develops complementary metal oxide semiconductor and charge-coupled device image sensors and image processors for a broad base of end-users in the automotive, industrial, consumer electronics, wireless, medical, and military or aerospace markets. The Standard Products Group segment offers discrete and integrated semiconductor products that perform multiple application functions, including power switching, signal conditioning, circuit protection, signal amplification and voltage reference functions. The System Solutions Group segment comprises of analog and mixed signal integrated circuits, digital signal processor, analog and digital tuners, intelligent power modules, memory and discrete semiconductors for the automotive, communications, consumer and industrial end-markets. The company was founded on August 4, 1999 and is headquartered in Phoenix, AZ.