Bargain Hunters Take Note: Insider Cluster-Buying At ON

A particularly strong insider buying signal is what we call a "cluster-buy" where three or more different insiders make open market purchases within a short period of one another. At ON Semiconductor Corp (ON), 3 different insiders purchased 206,037 shares at an average price of $7.08/share, for a total of $1.46M, with the most recent purchase on February 11, 2016.