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What Recent Ownership Trends Suggest About ON Semiconductor Corporation (ON)’s Future Performance

Recent insider trends for ON Semiconductor Corporation (NASDAQ:ON) have caught the attention of investors. Insider activity is often a strong indicator of future performance in a stock, and if the data on ON is anything to go by, investors should pay attention.

Institutions own 103.65% of ON Semiconductor Corporation (ON)’s shares. The total value of these holdings, in millions, is $9,478. Among active positions in the latest quarter, 189 holders increased their positions by a total of 84.7 million shares, 198 holders decreased the positions by a total of 42.17 million shares, and 36 holders held their positions. This works out to a net increase in ownership of 42.53 million shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 69 holders initiated new positions by a total of 47.97 million shares and 53 holders exited their positions by a total of 9.55 million shares. This nets out to an increase of 38.43 million shares and is a bullish sign for ON.

In the last three months, insiders executed a total of 16 trades. 16 were sells. Insider ownership decreased by a total of 679752 shares, which suggests that ON’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 26 buys and 92 sells, and ownership decreased by a net of 613851 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. ON Semiconductor Corporation (NASDAQ:ON)’s short interest is 23.33 million shares, or 5.63% of the float. This represents an increase of 4% in the number of shares being shorted compared to the previous reading, and implies that investors felt more pessimistic about the stock during the past two weeks.

Ownership trends and trading patterns can be useful tools for predicting a stock’s performance, but it’s also important to consider the technicals in order to form a more comprehensive view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that ON is a Strong buy, which implies that ON is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that ON Semiconductor Corporation (NASDAQ:ON) is undervalued.

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