This afternoon we watched ON Semiconductor drop -9.1% to a price of $70.75 per share. The Large-Cap Semiconductors company is now trading -18.2% below its average target price of $86.49. Analysts have set target prices ranging from $60.0 to $106.0 per share for ON Semiconductor, and have given the stock an average rating of buy.
The stock has an average amount of shares sold short at 7.5%, and a short ratio of 2.87. The company's insiders own 0.33% 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 101.4% of ON Semiconductor's shares being owned by this investor type.
Institutions Invested in ON Semiconductor
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | FMR, LLC | 15% | 64,097,886 | $4,534,925,434 |
| 2024-06-30 | Vanguard Group Inc | 12% | 51,325,583 | $3,631,284,997 |
| 2024-06-30 | Blackrock Inc. | 10% | 42,013,181 | $2,972,432,555 |
| 2024-06-30 | State Street Corporation | 5% | 20,883,341 | $1,477,496,375 |
| 2024-06-30 | Janus Henderson Group PLC | 3% | 11,543,004 | $816,667,533 |
| 2024-06-30 | Ameriprise Financial, Inc. | 3% | 10,798,828 | $764,017,081 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 10,292,555 | $728,198,266 |
| 2024-06-30 | Pictet Asset Management Holding SA | 2% | 8,001,100 | $566,077,825 |
| 2024-06-30 | JP Morgan Chase & Company | 2% | 7,604,446 | $538,014,554 |
| 2024-06-30 | Morgan Stanley | 2% | 6,915,980 | $489,305,585 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on ON Semiconductor.
