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
| Holder | Shares | Date Reported | Percentage | Value |
|---|---|---|---|---|
| Vanguard Group, Inc. (The) | 49,912,255 | 2022-09-29 | 12% | $3,100,050,188 |
| FMR, LLC | 45,616,239 | 2022-09-29 | 11% | $2,833,224,632 |
| Blackrock Inc. | 43,088,068 | 2022-09-29 | 10% | $2,676,199,929 |
| 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 |
