ON Semiconductor Corporation (ON) Insiders Sold 2.24 Times As Much Stock As They Purchased

At ON Semiconductor Corporation (NASDAQ:ON), the ratio of insider selling to insider buying over a quarter is running at 2.24. Could this be a sign something is bothering insiders? ON recorded 7 sales count on the open market in the last three months. They sold nearly 55,379 shares while purchases amounted to 24,701 shares that period. Looking even further back to 12 months, corporate insiders offloaded 997,172 shares when buyers snapped up 1,326,821 shares. The 12-month’s totals signify about a 0.75-to-1 sell/buy ratio.

Delfassy Gilles parted with a total of 2 thousand shares of ON Semiconductor Corporation (ON) at average share price of $17.1. This insider trade in the company took place on 12/14/2018. The total for the sales was set at $34.2 thousand. After this transaction, the Director account balance stood at 37.87 thousand shares. The stock grew 8.13 percent since that insider sale. On 12/10/2018, Colpitts Bernard Raymond Jr, Chief Accounting Officer, sold 0.92 thousand shares at a price per share of $17.37. This removed 15.98 thousand shares from the insider’s fortune and the stock saw a 6.45 percent rally in value since the news became public. This transaction left 17.33 thousand shares in the Chief Accounting Officer account.

On 12/03/2018, Exec VP Sales & Marketing Rolls Paul E performed a sale transaction worth $629.74 thousand. This sale at $20 each has eliminated 31.49 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -7.55 percent decrease since the transaction was reported. The insider now is left with 310.3 thousand shares remaining in the account. Ostrander Daryl, who performs the Director job, sold 4 thousand shares for $72.04 thousand. The disposal occurred on 11/20/2018 was priced at $18.01 per share. The share price soared 2.67 percent since the reporting date. Ostrander Daryl now left with a stake of 85.14 thousand ON stock worth $1.57 million after the insider selling.

The 12-month median price target for ON Semiconductor Corporation (ON) assigned by the analysts stands at $22, which represents a return potential of 18.98 percent when compared to the closing price of the stock of $18.49 on Friday, January 11. The lowest price target for the stock is $14.5 — slightly more than -21.58 percent from ON’s current share price. The stock will probably climb 19.69 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $29-month high price target. This represents a whopping 56.84 percent increase from where shares are trading today.

On momentum oscillators front, ‘RSI’ has touched 59.92 on daily chart, which may remain a cause for concern. If the price breaks below $17.33 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $19.03 mark may result into a pull-back move towards $19.56 level. The stock is currently hovering around the first support level of $17.91. Below this, the next support is placed in the zone of $17.33. Till the time, the ON stock trades above this level, bulls have nothing to fear.

Shares of ON Semiconductor Corporation (ON) are trading at a P/E ratio of 14.88 times earnings reported for the past 12 months. The industry ON operates in has an average P/E of 7.69. Its P/E ratio went as low as 20.33X and as high as 29.43 over the 5-year span. Further, it is sporting a 1.37 on the Price-to-Sales ratio. Compare this with the industry average P/S of 12.94. 38 percent is the gross profit margin for ON Semiconductor Corporation and operating margin sits at 13.5 percent. Along with this, the net profit margin is 17.2 percent.

On 11th of January, ON Semiconductor Corporation (NASDAQ:ON) shares ended higher after a volatile session. The shares accumulated 0.6 points or 3.35 percent at $18.49 with a heavy trade volume of 9.982 million shares. After opening the session at $17.91, the shares went as high as $18.985 and as low as $17.87, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $7.87 billion and now has 425.5 million shares outstanding. ON Semiconductor Corporation (ON) stock has gained 5.6 percent of market value in 21 trading days.

In last reported earnings results, ON earned $0.57 per share, better than the $0.51, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.54B, better than the $1.51B analysts expected. Earnings are estimated to increase by 94.3 percent this year, -0.21 percent next year and continue to increase by 11.79 percent annually for the next 5 years. Investors will get their next glimpse of ON’s Q4 earnings on February 07. Analysts are forecasting revenue to climb 9.1 percent to $1.5B in the next fiscal quarter, while earnings are seen soaring by nearly 23.08 percent to $0.48 per share. History has shown that shares in ON Semiconductor Corporation have gone down on 4 different earnings reaction days and are predicted to add 0.05 percent when the company reports upcoming earnings.

ON stock has a trailing 3-year beta of 2, offering the possibility of a higher rate of return, but also posing more risk. The portion of a company’s profit allocated to each outstanding share of common stock was $1.23 a share in the trailing twelve months. The stock’s value has surged 11.99 percent year to date (YTD) against a decline of -18.33 percent in 12 month’s time. The company’s shares still trade -31.77 percent away from its 1-year high of $27.10 and 27.08 percent up from 52-week low of $14.55. The average consensus rating on the company is 2.3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.