ON Semiconductor stock is trading -8.24% below its average target price of $83.47 after marking a 4.2% during today's morning session. Analysts are giving the Large-Cap Semiconductors company an average rating of buy and target prices ranging from $55.0 to $104.0 per share.
The stock has an average amount of shares sold short at 7.4%, and a short ratio of 4.47. The company's insiders own 0.43% 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 101.3% of ON Semiconductor's shares being owned by this investor type.
Institutions Invested in ON Semiconductor
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | FMR, LLC | 14% | 58,216,995 | $4,458,839,433 |
| 2024-03-31 | Vanguard Group Inc | 12% | 50,215,301 | $3,845,989,719 |
| 2024-03-31 | Blackrock Inc. | 9% | 40,098,573 | $3,071,149,559 |
| 2024-03-31 | State Street Corporation | 5% | 20,566,420 | $1,575,182,032 |
| 2024-03-31 | Janus Henderson Group PLC | 3% | 11,903,241 | $911,669,184 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 10,050,124 | $769,738,960 |
| 2024-03-31 | Ameriprise Financial, Inc. | 2% | 9,435,265 | $722,646,911 |
| 2024-03-31 | Pictet Asset Management Holding SA | 2% | 8,418,831 | $644,798,235 |
| 2024-03-31 | Capital World Investors | 2% | 7,600,299 | $582,106,872 |
| 2024-03-31 | Bank of America Corporation | 2% | 7,595,078 | $581,706,996 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on ON Semiconductor.
