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ON Semiconductor (NASDAQ:ON) CFO Trent Thad Sells 30,000 Shares
ON Semiconductor (NASDAQ:ON) CFO Trent Thad sold 30,000 shares of the company’s stock on April 23rd at an average price of $93, totaling $2.79 million. Following this sale, which was executed under a pre-arranged Rule 10b5-1 trading plan, Thad now owns 301,194 shares. The article notes the company’s collaboration with NIO on 900V EV platforms and tailwinds from industrial/automotive chips, but also highlights a recent revenue decrease, thin margins, and a high trailing P/E ratio, leading to a consensus “Hold” rating from analysts.