ON Semiconductor Corporation (ON) has been under a strong bear grip, hence the stock is down -4.8% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.84% in the past 1 week. The stock has risen by 5.39% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.63% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 3.11% and the 50-Day Moving Average is 0.54%.
ON Semiconductor Corporation (NASDAQ:ON): The stock opened at $9.44 on Friday but the bulls could not build on the opening and the stock topped out at $9.46 for the day. The stock traded down to $9.33 during the day, due to lack of any buying support eventually closed down at $9.39 with a loss of -0.53% for the day. The stock had closed at $9.44 on the previous day. The total traded volume was 1,816,383 shares.
The company Insiders own 1.6% of ON Semiconductor Corporation shares according to the proxy statements. Institutional Investors own 94.36% of ON Semiconductor Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 4.91%. In a related news, The Securities and Exchange Commission has divulged that Gutmann Bernard, officer (Exec VP & CFO) of On Semiconductor Corp, had unloaded 30,000 shares at an average price of $9.44 in a transaction dated on March 22, 2016. The total value of the transaction was worth $283,200.
ON Semiconductor Corporation offers a portfolio of analog, digital and mixed signal ICs, image sensors and custom devices for customers to solve their design challenges in electronic systems and products. The company operates through four segments: Application Products Group designs and develops analog, mixed-signal and logic ASIC and ASSP solutions for end-users in the automotive, consumer electronics, computing, industrial, communications, medical and military/aerospace markets. Image Sensor Group designs and develops CMOS and CCD image sensors and image processors for end-users in the automotive, industrial, consumer electronics, wireless, medical, and military/aerospace markets. Standard Products Group offers discrete and integrated semiconductor products that perform multiple application functions. System Solutions Group designs and develops analog and mixed signal ICs, DSPs, analog and digital tuners, intelligent power modules, memory and discrete semiconductors.