ON Semiconductor stock is trading -13.86% below its average target price of $86.12 after marking a 4.0% during today's afternoon session. Analysts are giving the large-cap Semiconductors company an average rating of buy and target prices ranging from $60.0 to $110.0 per share.
The stock has an above average percentage of its shares sold short at 8.3%, and a short ratio of 2.32. The company's insiders own 0.28% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 104.2% of ON Semiconductor's shares being owned by this investor type.
Institutions Invested in ON Semiconductor
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | FMR, LLC | 13% | 56,501,448 | $4,191,277,429 |
| 2023-09-30 | Vanguard Group Inc | 12% | 50,019,684 | $3,710,460,174 |
| 2023-09-30 | Blackrock Inc. | 9% | 40,067,302 | $2,972,192,474 |
| 2023-09-30 | State Street Corporation | 4% | 17,914,370 | $1,328,887,972 |
| 2023-09-30 | Janus Henderson Group PLC | 3% | 12,473,876 | $925,312,125 |
| 2023-09-30 | Artisan Partners Limited Partnership | 3% | 12,375,416 | $918,008,362 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 9,622,605 | $713,804,841 |
| 2023-09-30 | Wellington Management Group, LLP | 2% | 9,459,576 | $701,711,350 |
| 2023-09-30 | Pictet Asset Management Holding SA | 2% | 6,774,816 | $502,555,852 |
| 2023-09-30 | Invesco Ltd. | 1% | 5,812,863 | $431,198,179 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on ON Semiconductor.
