Group President of Intelligent Sensing & Analog and Mixed Signal Group Of ON Semiconductor Sold 27% Of Their Shares
Some ON Semiconductor Corporation (NASDAQ:ON) shareholders may be a little concerned to see that the Group President of Intelligent Sensing & Analog and Mixed Signal Group, Sudhir Gopalswamy, recently sold a substantial US$1.2m worth of stock at a price of US$80.00 per share. That sale reduced their total holding by 27% which is hardly insignificant, but far from the worst we've seen.
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 Executive VP, S. Trent, sold US$5.8m worth of shares at a price of US$100.00 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$79.41. So it may not shed much light on insider confidence at current levels.
ON Semiconductor insiders didn't buy any shares over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!
Check out our latest analysis for ON Semiconductor
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Insider Ownership Of ON Semiconductor
I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that ON Semiconductor insiders own 0.3% of the company, worth about US$102m. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The ON Semiconductor Insider Transactions Indicate?
An insider hasn't bought ON Semiconductor stock in the last three months, but there was some selling. Looking to the last twelve months, our data doesn't show any insider buying. But it is good to see that ON Semiconductor is growing earnings. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing ON Semiconductor. Case in point: We've spotted 2 warning signs for ON Semiconductor you should be aware of.
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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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