This morning we watched ON Semiconductor drop -4.0% to a price of $62.07 per share. The large-cap Semiconductors company is now trading -16.11% below its average target price of $73.99. Analysts have set target prices ranging from $55 to $83 per share for ON Semiconductor, and have given the stock an average rating of buy.
ON Semiconductor has an average level of shares sold short, at 6.1% of its total share float. The stock's short ratio (also called days to cover) is 4.72. The company's insiders own 0.38% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Institutional investors own 104.7% of ON Semiconductor's shares, which indicates they have a high level of confidence in the company.
Institutions Invested in ON Semiconductor
|Vanguard Group, Inc. (The)||49,912,255||2022-09-29||12%||$3,100,050,188|
|Janus Henderson Group PLC||17,383,115||2022-09-29||4%||$1,079,665,283|
|State Street Corporation||17,129,019||2022-09-29||4%||$1,063,883,380|
|Artisan Partners Limited Partnership||14,869,886||2022-09-29||3%||$923,568,628|
|Geode Capital Management, LLC||9,019,249||2022-09-29||2%||$560,185,560|
|Voya Investment Management LLC||8,766,918||2022-09-29||2%||$544,513,282|
|Wellington Management Group, LLP||8,056,888||2022-09-29||2%||$500,413,318|
|Pictet Asset Management SA||8,028,420||2022-09-29||2%||$498,645,171|