ON Semiconductor Corp (ON) Stake Lessened by Morris Capital Advisors LLC

Morris Capital Advisors LLC lowered its stake in shares of ON Semiconductor Corp (NASDAQ:ON) by 1.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,028 shares of the semiconductor company’s stock after selling 2,985 shares during the period. ON Semiconductor accounts for about 2.5% of Morris Capital Advisors LLC’s investment portfolio, making the stock its 21st largest position. Morris Capital Advisors LLC’s holdings in ON Semiconductor were worth $3,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. increased its position in ON Semiconductor by 65.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 291,294 shares of the semiconductor company’s stock worth $5,368,000 after purchasing an additional 115,245 shares during the last quarter. ARGA Investment Management LP increased its position in ON Semiconductor by 9.2% in the third quarter. ARGA Investment Management LP now owns 196,840 shares of the semiconductor company’s stock worth $3,628,000 after purchasing an additional 16,565 shares during the last quarter. Emerald Advisers Inc. PA increased its position in ON Semiconductor by 45.0% in the third quarter. Emerald Advisers Inc. PA now owns 97,227 shares of the semiconductor company’s stock worth $1,792,000 after purchasing an additional 30,170 shares during the last quarter. Robecosam AG increased its position in ON Semiconductor by 5.6% in the third quarter. Robecosam AG now owns 3,757,900 shares of the semiconductor company’s stock worth $68,544,000 after purchasing an additional 200,900 shares during the last quarter. Finally, Regentatlantic Capital LLC increased its position in ON Semiconductor by 16.4% in the third quarter. Regentatlantic Capital LLC now owns 313,693 shares of the semiconductor company’s stock worth $5,781,000 after purchasing an additional 44,233 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Several equities research analysts recently weighed in on ON shares. ValuEngine cut shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Monday, September 17th. Needham & Company LLC restated a “buy” rating and issued a $30.00 price target on shares of ON Semiconductor in a research report on Monday, July 30th. Citigroup reduced their price target on shares of ON Semiconductor from $28.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday. BidaskClub cut shares of ON Semiconductor from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 8th. Finally, Raymond James cut shares of ON Semiconductor from an “outperform” rating to a “market perform” rating and set a $32.00 price target on the stock. in a research report on Tuesday, September 25th. Four analysts have rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $24.70.

In other news, EVP William Hall sold 25,000 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $19.56, for a total transaction of $489,000.00. Following the completion of the sale, the executive vice president now directly owns 415,797 shares of the company’s stock, valued at $8,132,989.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bernard Raymond Colpitts, Jr. sold 1,214 shares of the business’s stock in a transaction on Monday, August 13th. The shares were sold at an average price of $21.44, for a total transaction of $26,028.16. Following the sale, the insider now directly owns 18,357 shares of the company’s stock, valued at $393,574.08. The disclosure for this sale can be found here. Insiders have sold 39,494 shares of company stock valued at $768,883 over the last three months. Insiders own 1.60% of the company’s stock.

NASDAQ ON opened at $17.30 on Thursday. The company has a quick ratio of 0.91, a current ratio of 2.36 and a debt-to-equity ratio of 0.82. The firm has a market cap of $7.10 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 0.70 and a beta of 2.00. ON Semiconductor Corp has a 52 week low of $14.55 and a 52 week high of $27.10.

ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Sunday, October 28th. The semiconductor company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.50 by $0.07. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.51 billion. ON Semiconductor had a net margin of 17.24% and a return on equity of 25.97%. ON Semiconductor’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 earnings per share. Analysts predict that ON Semiconductor Corp will post 1.86 EPS for the current fiscal year.

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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