LPL Financial LLC Acquires Shares of 12,715 ON Semiconductor (ON)

LPL Financial LLC acquired a new stake in shares of ON Semiconductor (NASDAQ:ON) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 12,715 shares of the semiconductor company’s stock, valued at approximately $266,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ON. Harel Insurance Investments & Financial Services Ltd. purchased a new position in ON Semiconductor during the fourth quarter valued at approximately $101,000. Fuller & Thaler Asset Management Inc. purchased a new position in ON Semiconductor during the fourth quarter valued at approximately $174,000. Premia Global Advisors LLC purchased a new position in ON Semiconductor during the fourth quarter valued at approximately $200,000. American International Group Inc. purchased a new position in ON Semiconductor during the fourth quarter valued at approximately $206,000. Finally, Ifrah Financial Services Inc. purchased a new position in ON Semiconductor during the fourth quarter valued at approximately $208,000. 98.11% of the stock is owned by institutional investors and hedge funds.

ON Semiconductor stock opened at $23.31 on Wednesday. The company has a market capitalization of $10,100.86, a PE ratio of 15.97, a price-to-earnings-growth ratio of 1.12 and a beta of 1.99. ON Semiconductor has a 12 month low of $13.65 and a 12 month high of $27.10. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.08 and a quick ratio of 1.31.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.35 billion. ON Semiconductor had a return on equity of 21.88% and a net margin of 14.63%. The business’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. equities analysts predict that ON Semiconductor will post 1.73 EPS for the current fiscal year.

Several research analysts recently weighed in on the company. BidaskClub upgraded ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Vetr upgraded ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 price target for the company in a research report on Monday, January 22nd. Zacks Investment Research upgraded ON Semiconductor from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Tuesday, March 6th. Finally, ValuEngine upgraded ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $24.09.

In other news, VP Paul E. Rolls sold 30,933 shares of ON Semiconductor stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $26.03, for a total value of $805,185.99. Following the sale, the vice president now directly owns 280,905 shares of the company’s stock, valued at $7,311,957.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Bernard Gutmann sold 126,667 shares of ON Semiconductor stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $26.01, for a total value of $3,294,608.67. Following the completion of the sale, the chief financial officer now directly owns 665,507 shares in the company, valued at $17,309,837.07. The disclosure for this sale can be found here. Insiders sold 252,400 shares of company stock valued at $6,384,941 over the last 90 days. Company insiders own 1.29% of the company’s stock.

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ON Semiconductor Company Profile

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

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Institutional Ownership by Quarter for ON Semiconductor (NASDAQ:ON)

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