ON Semiconductor Corporation (:ON) Touches a New 52-Week High

ON Semiconductor Corp

ON Semiconductor Corp

Goldman Sachs Group Inc. acquired a new stake in MagnaChip Semiconductor Corporation during the 2nd quarter worth approximately $148,000. Insiders sold 623,007 shares of company stock valued at $12,081,920 in the last three months. BNP Paribas Arbitrage SA now owns 8,330 shares of the company's stock worth $103,000 after buying an additional 6,076 shares in the last quarter. More interesting news about ON Semiconductor Corp (NASDAQ:ON) were released by: Prnewswire.com and their article: "Technical Insights on Semiconductor Stocks - IXYS Corp., JA Solar, Lattice ..." published on November 03, 2017 as well as Bizjournals.com's news article titled: "ON Semiconductor reports enormous revenue, profit bump" with publication date: November 06, 2017. State Street Corp now owns 9,176,862 shares of the semiconductor company's stock worth $125,265,000 after purchasing an additional 302,001 shares during the period. It also increased its holding in Celanese Corp (NYSE:CE) by 16,122 shares in the quarter, for a total of 283,934 shares, and has risen its stake in Wabash National Corp (NYSE:WNC).

What do the trading volumes reveal? Paloma Partners Management Co purchased a new position in ON Semiconductor Corp in the first quarter worth $293,000. JPMorgan Chase & Co. now owns 7,947,488 shares of the semiconductor company's stock valued at $108,483,000 after purchasing an additional 5,658,750 shares during the last quarter. A sudden increase in a stock's activity can be a sign that investors are trading in anticipation of a catalyst, or that investors feel very strongly in one way or the other about the future direction of a stock. Given the stock's recent action, it seemed like a good time to take a closer look at the company's recent data.

MagnaChip Semiconductor Corporation (NYSE:MX) was upgraded by Zacks Investment Research from a "hold" rating to a "buy" rating in a research report issued on Tuesday. The company presently has an average rating of "Buy" and an average target price of $20.70. Needham maintained the shares of CY in report on Friday, October 27 with "Buy" rating. KeyBanc Capital Markets maintained the shares of CY in report on Friday, October 6 with "Buy" rating. Seven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. The rating was initiated by Roth Capital on Thursday, September 1 with "Buy". If you are accessing this article on another publication, it was illegally stolen and reposted in violation of US and global trademark and copyright laws.

Shares of Cypress Semiconductor Corporation (CY) traded up $0.41 during mid-day trading on Tuesday, reaching $16.51. The stock has a market capitalization of $5,510.00, a price-to-earnings ratio of 33.54, a PEG ratio of 2.90 and a beta of 2.02.


This company has been competing with others in the Technology space and offers its own combination of interesting factors Cypress Semiconductor Corporation (CY) now trades with a market capitalization of $5.45 Billion. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 0.60. Based on a 1 to 5 integer scale, analysts have a 2.30 recommendation on the name. Connecticut-based Ardsley Advisory Ptnrs has invested 0.67% in Cypress Semiconductor Corporation (NASDAQ:CY). The company had revenue of $604.57 million during the quarter, compared to analyst estimates of $602.16 million. The shares price go up so far this year; showing a rise of 67.79% and added with positive flow of 2.15% during recent week. MagnaChip Semiconductor Corporation has a one year low of $5.20 and a one year high of $12.75. Also, CEO Keith D. Jackson sold 476,191 shares of ON Semiconductor Corp stock in a transaction on Monday, October 16th. The stock was bought at an average cost of $14.37 per share, with a total value of $431,100.00. Wells Fargo And Mn owns 3.55M shares. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The firm now has a $12.00 target price on the semiconductor company's stock. The fund owned 436,550 shares of the company's stock after selling 55,130 shares during the period. The disclosure for this purchase can be found here.

The company now has an insider ownership of 0.5 Percent and Institutional ownership of 99.4 Percent.

Cypress Semiconductor Corporation manufactures embedded system solutions for automotive, industrial, home automation and appliances, consumer electronics and medical products. The Company's segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. MCD focuses on microcontroller (MCU), analog and wireless and wired connectivity solutions. On the other hand, company insiders are holding 0.50%.

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