Don't Ignore The Insider Selling In ON Semiconductor
Some ON Semiconductor Corporation (NASDAQ:ON) shareholders may be a little concerned to see that the Executive VP, Thad Trent, recently sold a substantial US$1.1m worth of stock at a price of US$55.05 per share. However, that sale only accounted for 8.2% of their holding, so arguably it doesn't say much about their conviction.
The Last 12 Months Of Insider Transactions At ON Semiconductor
In the last twelve months, the biggest single sale by an insider was when the Group President of Power Solutions Group, Simon Keeton, sold US$1.9m worth of shares at a price of US$68.56 per share. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$54.74. So it may not tell us anything about how insiders feel about the current share price.
Insiders in ON Semiconductor didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
View our latest analysis for ON Semiconductor
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).
Does ON Semiconductor Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. Insiders own 0.3% of ON Semiconductor shares, worth about US$72m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.
What Might The Insider Transactions At ON Semiconductor Tell Us?
An insider sold stock recently, but they haven't been buying. And there weren't any purchases to give us comfort, over the last year. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing ON Semiconductor. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of ON Semiconductor.
Of course ON Semiconductor may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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