ON Semiconductor Corp (NASDAQ:ON) director Paul Anthony Mascarenas has recently engaged in transactions involving the company's stock, according to the latest filings. Mascarenas sold a total of 911 shares at a price of $74.46 per share, amounting to over $67,833 in total value.
The transactions occurred on May 16, 2024, and were disclosed in a Form 4 filing with the Securities and Exchange Commission. Following the sale, Mascarenas still holds 48,929 shares of ON Semiconductor, indicating his continued investment in the company.
In addition to the sale, the filing also disclosed that Mascarenas was granted 3,083 restricted stock units under the company's Amended and Restated Stock Incentive Plan on the same date. These units are set to vest on the day before the company's next Annual Meeting of Stockholders, with the issuance of the shares underlying the award to be deferred to a later date, as per Mascarenas's election.
Investors often monitor insider transactions as they can provide insights into the executives' perspectives on the company's future performance. While sales of stock by directors can have various motivations, they are a routine part of stock ownership and compensation for corporate executives.
ON Semiconductor Corp, headquartered in Scottsdale, Arizona, is a leading semiconductor supplier offering a comprehensive portfolio of energy-efficient solutions. The company's products are used in a variety of applications, including automotive, industrial, and consumer electronics markets.
For investors following ON Semiconductor, this latest filing provides an update on the insider transactions that can be a valuable piece of information when evaluating the company's stock performance and future prospects.
InvestingPro Insights
As investors digest the latest insider transactions at ON Semiconductor Corp (NASDAQ:ON), it's worth noting the company's current financial standing and market performance. According to recent data from InvestingPro, ON Semiconductor is trading at a P/E ratio of 14.51, which may be considered attractive given its relative position to near-term earnings growth. This aligns with one of the InvestingPro Tips, which highlights the company's low P/E ratio in comparison to its earnings growth potential.
Moreover, while analysts have revised their earnings downwards for the upcoming period, they also predict that the company will remain profitable this year, which is another pertinent InvestingPro Tip. This could suggest that the stock may have potential for investors who are looking for profitability in their investments. The company's market capitalization currently stands at 31.48 billion USD, reflecting its significant presence in the Semiconductors & Semiconductor Equipment industry.
Another key metric to consider is the company's stock price performance. Over the last month, ON Semiconductor's stock has seen a strong return of 13.49%, which could be indicative of positive investor sentiment. However, with a year-to-date price total return of -12.4%, it's clear that the stock has experienced some volatility, which is consistent with one of the InvestingPro Tips regarding the stock's price movements.
For those interested in further analysis and additional InvestingPro Tips, there are 14 more tips available on the InvestingPro platform for ON Semiconductor. These can provide deeper insights into the company's financial health and future outlook. Investors may use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, which includes access to comprehensive metrics and expert tips for informed decision-making.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.