Oregon Public Employees Retirement Fund increased its holdings in ON Semiconductor Corp (NASDAQ:ON) by 4.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 134,073 shares of the semiconductor company’s stock after purchasing an additional 5,548 shares during the period. Oregon Public Employees Retirement Fund’s holdings in ON Semiconductor were worth $2,758,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Huntington National Bank boosted its position in ON Semiconductor by 69.2% during the 4th quarter. Huntington National Bank now owns 1,926 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 788 shares during the period. Pearl River Capital LLC purchased a new stake in ON Semiconductor during the 4th quarter valued at $34,000. Private Capital Group LLC boosted its position in ON Semiconductor by 116.8% during the 1st quarter. Private Capital Group LLC now owns 2,096 shares of the semiconductor company’s stock valued at $43,000 after buying an additional 1,129 shares during the period. Enlightenment Research LLC purchased a new stake in ON Semiconductor during the 4th quarter valued at $36,000. Finally, Financial Gravity Companies Inc. purchased a new stake in ON Semiconductor during the 4th quarter valued at $56,000. 96.33% of the stock is owned by institutional investors.
Several brokerages have commented on ON. BidaskClub upgraded shares of ON Semiconductor from a “sell” rating to a “hold” rating in a report on Friday, April 5th. Robert W. Baird lowered shares of ON Semiconductor from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 27th. Goldman Sachs Group upgraded shares of ON Semiconductor from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $22.00 to $26.00 in a report on Wednesday, March 27th. ValuEngine lowered shares of ON Semiconductor from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Finally, B. Riley restated a “buy” rating and issued a $30.00 price objective (up from $27.00) on shares of ON Semiconductor in a report on Monday, March 11th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.11.
Shares of NASDAQ ON traded down $1.09 during trading on Friday, reaching $19.05. 8,333,919 shares of the company traded hands, compared to its average volume of 7,054,340. The company has a quick ratio of 1.38, a current ratio of 2.31 and a debt-to-equity ratio of 0.82. The company has a market cap of $7.86 billion, a PE ratio of 9.72, a PEG ratio of 1.57 and a beta of 2.19. ON Semiconductor Corp has a 52-week low of $14.55 and a 52-week high of $25.73.
ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Saturday, April 27th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.39 billion. ON Semiconductor had a net margin of 10.22% and a return on equity of 26.54%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.31 earnings per share. As a group, equities research analysts anticipate that ON Semiconductor Corp will post 1.77 EPS for the current fiscal year.
In other news, insider Bernard Raymond Colpitts, Jr. sold 3,069 shares of ON Semiconductor stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $23.04, for a total transaction of $70,709.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Vince Craig Hopkin sold 3,000 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $19.81, for a total transaction of $59,430.00. The disclosure for this sale can be found here. In the last three months, insiders sold 34,800 shares of company stock worth $769,380. 1.40% of the stock is currently owned by insiders.
About ON Semiconductor
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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