First Trust Advisors LP raised its holdings in shares of ON Semiconductor Corp (NASDAQ:ON) by 98.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,536,396 shares of the semiconductor company’s stock after purchasing an additional 1,255,892 shares during the period. First Trust Advisors LP owned approximately 0.60% of ON Semiconductor worth $53,112,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Convergence Investment Partners LLC boosted its stake in shares of ON Semiconductor by 4.9% in the 4th quarter. Convergence Investment Partners LLC now owns 183,149 shares of the semiconductor company’s stock worth $3,835,000 after buying an additional 8,579 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of ON Semiconductor by 10.6% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 197,277 shares of the semiconductor company’s stock worth $3,644,000 after buying an additional 18,934 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of ON Semiconductor by 50.4% in the 3rd quarter. GSA Capital Partners LLP now owns 39,059 shares of the semiconductor company’s stock worth $721,000 after buying an additional 13,087 shares during the last quarter. Chicago Equity Partners LLC boosted its stake in shares of ON Semiconductor by 7.0% in the 4th quarter. Chicago Equity Partners LLC now owns 120,035 shares of the semiconductor company’s stock worth $2,514,000 after buying an additional 7,835 shares during the last quarter. Finally, Cigna Investments Inc. New purchased a new position in shares of ON Semiconductor in the 4th quarter worth $573,000. Institutional investors and hedge funds own 99.81% of the company’s stock.
In other news, EVP William Hall sold 22,583 shares of ON Semiconductor stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $23.86, for a total value of $538,830.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP George H. Cave sold 3,000 shares of ON Semiconductor stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $22.85, for a total value of $68,550.00. Following the completion of the sale, the executive vice president now directly owns 394,570 shares in the company, valued at $9,015,924.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 43,880 shares of company stock worth $989,468. Insiders own 1.60% of the company’s stock.
Shares of ON Semiconductor Corp (ON) opened at $22.54 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $9,670.90, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.08 and a beta of 2.08. ON Semiconductor Corp has a twelve month low of $13.65 and a twelve month high of $25.60.
ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings results on Friday, February 2nd. The semiconductor company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.02. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.35 billion. ON Semiconductor had a return on equity of 23.64% and a net margin of 14.63%. The business’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the firm earned $0.29 earnings per share. equities research analysts predict that ON Semiconductor Corp will post 1.73 EPS for the current year.
Several equities analysts recently weighed in on the company. BidaskClub downgraded ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. MKM Partners lifted their target price on ON Semiconductor to $28.00 and gave the company a “buy” rating in a research report on Tuesday, February 6th. Zacks Investment Research upgraded ON Semiconductor from a “sell” rating to a “hold” rating and set a $25.00 target price on the stock in a research report on Tuesday, February 6th. Jefferies Group reiterated a “hold” rating and set a $26.00 target price on shares of ON Semiconductor in a research report on Tuesday, February 6th. Finally, Credit Suisse Group lifted their target price on ON Semiconductor from $17.00 to $20.00 and gave the company an “underperform” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $23.99.
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ON Semiconductor 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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