Ledyard National Bank raised its stake in shares of ON Semiconductor Corp (NASDAQ:ON) by 14.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 244,125 shares of the semiconductor company’s stock after purchasing an additional 30,740 shares during the quarter. Ledyard National Bank owned 0.06% of ON Semiconductor worth $5,112,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Numeric Investors LLC raised its stake in shares of ON Semiconductor by 0.3% in the second quarter. Numeric Investors LLC now owns 89,300 shares of the semiconductor company’s stock valued at $1,254,000 after acquiring an additional 300 shares during the last quarter. Krilogy Financial LLC raised its position in shares of ON Semiconductor by 2.8% during the 2nd quarter. Krilogy Financial LLC now owns 16,400 shares of the semiconductor company’s stock valued at $230,000 after acquiring an additional 450 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of ON Semiconductor by 2.3% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 21,170 shares of the semiconductor company’s stock valued at $298,000 after acquiring an additional 470 shares during the last quarter. IFP Advisors Inc raised its position in shares of ON Semiconductor by 12.5% during the 4th quarter. IFP Advisors Inc now owns 25,896 shares of the semiconductor company’s stock valued at $542,000 after acquiring an additional 2,869 shares during the last quarter. Finally, A. D. Beadell Investment Counsel Inc. raised its position in shares of ON Semiconductor by 6.0% during the 3rd quarter. A. D. Beadell Investment Counsel Inc. now owns 51,500 shares of the semiconductor company’s stock valued at $951,000 after acquiring an additional 2,925 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors.
ON has been the subject of several research analyst reports. BidaskClub lowered shares of ON Semiconductor from a “buy” rating to a “hold” rating in a report on Friday, February 9th. MKM Partners boosted their price target on shares of ON Semiconductor to $28.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Zacks Investment Research raised shares of ON Semiconductor from a “sell” rating to a “hold” rating and set a $25.00 price target for the company in a report on Tuesday, February 6th. Jefferies Group reissued a “hold” rating and issued a $26.00 price target on shares of ON Semiconductor in a report on Tuesday, February 6th. Finally, Credit Suisse Group upped their target price on shares of ON Semiconductor from $17.00 to $20.00 and gave the stock an “underperform” rating in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. ON Semiconductor has an average rating of “Buy” and a consensus target price of $23.99.
In related news, EVP William Hall sold 22,583 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $23.86, for a total transaction of $538,830.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daryl Ostrander sold 1,398 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $19.10, for a total transaction of $26,701.80. Following the sale, the director now owns 64,060 shares in the company, valued at approximately $1,223,546. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,880 shares of company stock worth $989,468. Company insiders own 1.40% of the company’s stock.
ON Semiconductor Corp (NASDAQ ON) traded up $0.42 during trading on Wednesday, reaching $21.76. 7,843,600 shares of the company’s stock traded hands, compared to its average volume of 8,209,289. The company has a market cap of $9,230.00, a PE ratio of 11.57, a P/E/G ratio of 1.01 and a beta of 2.08. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97. ON Semiconductor Corp has a 52-week low of $13.65 and a 52-week high of $25.60.
ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.02. ON Semiconductor had a net margin of 14.63% and a return on equity of 23.64%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same period in the prior year, the firm earned $0.29 EPS. The business’s revenue was up 9.2% on a year-over-year basis. equities analysts forecast that ON Semiconductor Corp will post 1.73 EPS for the current year.
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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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