Group President Sudhir Gopalswamy sold 21,082 shares of ON at $67.64; stock now 24.7% below 52-week high
Sudhir Gopalswamy, Group President of AMG & ISG, sold 21,082 shares (21.1K shares) at $67.64 on 2024-12-17, reducing his holdings from 115,856 to 94,774 shares (a -18.2% reduction). The sale occurred at $67.64, while the current price sits at $64.93 and the stock has declined -24.7% from its 52-week high of $86.21. ON Semiconductor is trading at a P/E of 15.76 with a $27.6B market cap and posted $401.7M net income on $1.8B in latest quarterly revenue, though annual revenue growth has contracted by -0.9%. The sale represents a material reduction in executive holdings, and the subsequent 30-day and 90-day declines of -2.3% and -11.5% respectively provide context on stock momentum at the time of this filing.