Stephens Investment Management Group LLC bought a new stake in ON Semiconductor Corporation (NASDAQ:ON) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 477,262 shares of the semiconductor company’s stock, valued at approximately $8,815,000. Stephens Investment Management Group LLC owned about 0.11% of ON Semiconductor as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Janus Henderson Group PLC acquired a new position in shares of ON Semiconductor in the second quarter worth $458,495,000. FMR LLC grew its stake in shares of ON Semiconductor by 58.7% in the second quarter. FMR LLC now owns 40,082,107 shares of the semiconductor company’s stock worth $562,753,000 after acquiring an additional 14,818,360 shares in the last quarter. Coatue Management LLC acquired a new position in shares of ON Semiconductor in the second quarter worth $68,740,000. LSV Asset Management grew its stake in shares of ON Semiconductor by 2,285.0% in the second quarter. LSV Asset Management now owns 2,761,800 shares of the semiconductor company’s stock worth $38,775,000 after acquiring an additional 2,646,000 shares in the last quarter. Finally, Rothschild Asset Management Inc. acquired a new position in shares of ON Semiconductor in the second quarter worth $34,313,000. Hedge funds and other institutional investors own 99.82% of the company’s stock.
In other news, COO William A. Schromm sold 54,366 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $21.18, for a total transaction of $1,151,471.88. Following the transaction, the chief operating officer now directly owns 666,815 shares in the company, valued at $14,123,141.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Daryl Ostrander sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $16.78, for a total transaction of $33,560.00. Following the transaction, the director now owns 65,458 shares in the company, valued at $1,098,385.24. The disclosure for this sale can be found here. Insiders sold 740,243 shares of company stock valued at $14,692,763 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.
Shares of ON Semiconductor Corporation (NASDAQ ON) traded up $0.28 during trading hours on Thursday, hitting $19.50. 6,012,505 shares of the stock were exchanged, compared to its average volume of 6,220,712. ON Semiconductor Corporation has a 1-year low of $11.65 and a 1-year high of $22.15. The company has a quick ratio of 1.25, a current ratio of 1.97 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $8,126.95, a PE ratio of 17.58, a price-to-earnings-growth ratio of 0.73 and a beta of 2.02.
Several research firms have commented on ON. BidaskClub downgraded shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Bank of America reaffirmed a “buy” rating on shares of ON Semiconductor in a research report on Sunday, October 1st. Summit Redstone cut shares of ON Semiconductor to a “hold” rating in a research report on Monday, November 6th. Jefferies Group reaffirmed a “hold” rating and set a $20.00 price objective on shares of ON Semiconductor in a research report on Thursday, October 19th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $20.00 price objective on shares of ON Semiconductor in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $21.23.
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ON Semiconductor Company Profile
ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.
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