Cambiar Investors LLC grew its holdings in ON Semiconductor Corp (NASDAQ:ON) by 12.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,212 shares of the semiconductor company’s stock after acquiring an additional 18,372 shares during the quarter. Cambiar Investors LLC’s holdings in ON Semiconductor were worth $3,501,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Gateway Investment Advisers LLC grew its holdings in shares of ON Semiconductor by 0.6% during the first quarter. Gateway Investment Advisers LLC now owns 77,343 shares of the semiconductor company’s stock worth $1,591,000 after buying an additional 479 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in shares of ON Semiconductor by 0.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 116,355 shares of the semiconductor company’s stock worth $1,830,000 after buying an additional 613 shares in the last quarter. Huntington National Bank grew its holdings in shares of ON Semiconductor by 69.2% during the fourth quarter. Huntington National Bank now owns 1,926 shares of the semiconductor company’s stock worth $32,000 after buying an additional 788 shares in the last quarter. M&T Bank Corp grew its holdings in shares of ON Semiconductor by 5.0% during the fourth quarter. M&T Bank Corp now owns 17,833 shares of the semiconductor company’s stock worth $295,000 after buying an additional 843 shares in the last quarter. Finally, ETF Managers Group LLC boosted its position in ON Semiconductor by 18.8% during the fourth quarter. ETF Managers Group LLC now owns 5,417 shares of the semiconductor company’s stock valued at $89,000 after purchasing an additional 856 shares during the last quarter. Institutional investors own 96.33% of the company’s stock.
Shares of ON traded down $1.09 during midday trading on Friday, hitting $19.05. The company’s stock had a trading volume of 8,333,919 shares, compared to its average volume of 7,054,340. ON Semiconductor Corp has a one year low of $14.55 and a one year high of $25.73. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.38 and a current ratio of 2.31. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 1.57 and a beta of 2.19.
ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings results on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.03. ON Semiconductor had a return on equity of 26.54% and a net margin of 10.22%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the company posted $0.31 EPS. The company’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, research analysts forecast that ON Semiconductor Corp will post 1.77 EPS for the current fiscal year.
In related news, insider Bernard Raymond Colpitts, Jr. sold 3,069 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $23.04, for a total transaction of $70,709.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Emmanuel T. Hernandez sold 10,000 shares of the firm’s stock in a transaction on Wednesday, April 10th. The shares were sold at an average price of $22.59, for a total value of $225,900.00. Following the sale, the director now directly owns 119,655 shares in the company, valued at approximately $2,703,006.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 31,800 shares of company stock worth $709,950. Corporate insiders own 1.40% of the company’s stock.
ON has been the subject of a number of recent analyst reports. BidaskClub raised ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. B. Riley reissued a “buy” rating and set a $30.00 price target (up from $27.00) on shares of ON Semiconductor in a report on Monday, March 11th. Needham & Company LLC restated a “buy” rating and set a $27.00 price objective on shares of ON Semiconductor in a research note on Monday, March 11th. Goldman Sachs Group upgraded ON Semiconductor from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $22.00 to $26.00 in a research note on Wednesday, March 27th. Finally, Jefferies Financial Group upgraded ON Semiconductor from a “hold” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $29.00 in a research note on Tuesday, April 30th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. ON Semiconductor currently has a consensus rating of “Hold” and a consensus price target of $25.11.
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ON Semiconductor Profile
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
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