Asset Management One Co. Ltd. increased its position in shares of ON Semiconductor Corp (NASDAQ:ON) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 335,624 shares of the semiconductor company’s stock after buying an additional 14,282 shares during the period. Asset Management One Co. Ltd. owned about 0.08% of ON Semiconductor worth $6,783,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Janus Henderson Group PLC lifted its holdings in shares of ON Semiconductor by 19.4% during the second quarter. Janus Henderson Group PLC now owns 36,912,800 shares of the semiconductor company’s stock worth $746,008,000 after purchasing an additional 6,008,620 shares during the period. LSV Asset Management lifted its holdings in shares of ON Semiconductor by 5.7% during the second quarter. LSV Asset Management now owns 10,028,421 shares of the semiconductor company’s stock worth $202,674,000 after purchasing an additional 537,400 shares during the period. Schroder Investment Management Group lifted its holdings in shares of ON Semiconductor by 9.4% during the second quarter. Schroder Investment Management Group now owns 4,288,954 shares of the semiconductor company’s stock worth $86,680,000 after purchasing an additional 368,151 shares during the period. Westfield Capital Management Co. LP lifted its holdings in ON Semiconductor by 120.4% in the second quarter. Westfield Capital Management Co. LP now owns 4,101,364 shares of the semiconductor company’s stock valued at $82,889,000 after acquiring an additional 2,240,369 shares during the period. Finally, Villere ST Denis J & Co. LLC acquired a new position in ON Semiconductor in the second quarter valued at approximately $68,973,000. Hedge funds and other institutional investors own 96.07% of the company’s stock.
In related news, EVP Simon Keeton sold 8,812 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $20.02, for a total value of $176,416.24. Following the transaction, the executive vice president now owns 119,101 shares in the company, valued at $2,384,402.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Paul E. Rolls sold 11,467 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $22.00, for a total value of $252,274.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 50,279 shares of company stock valued at $1,088,690. Company insiders own 1.40% of the company’s stock.
A number of research firms have recently commented on ON. BidaskClub upgraded ON Semiconductor from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 12th. B. Riley reiterated a “buy” rating on shares of ON Semiconductor in a research report on Monday, August 5th. Benchmark assumed coverage on ON Semiconductor in a research report on Friday, September 20th. They set a “buy” rating and a $26.00 price target for the company. ValuEngine raised ON Semiconductor from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Mizuho reissued a “buy” rating and set a $26.00 price objective on shares of ON Semiconductor in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. ON Semiconductor presently has an average rating of “Buy” and an average target price of $24.77.
ON Semiconductor stock opened at $18.68 on Friday. ON Semiconductor Corp has a twelve month low of $14.55 and a twelve month high of $23.54. The stock has a market capitalization of $7.88 billion, a price-to-earnings ratio of 9.85, a PEG ratio of 1.86 and a beta of 2.19. The stock has a 50 day moving average of $18.35 and a two-hundred day moving average of $20.09. The company has a current ratio of 2.42, a quick ratio of 1.41 and a debt-to-equity ratio of 1.08.
ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Sunday, August 4th. The semiconductor company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.38 billion. ON Semiconductor had a return on equity of 25.36% and a net margin of 9.49%. ON Semiconductor’s revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.46 earnings per share. Equities analysts predict that ON Semiconductor Corp will post 1.56 earnings per share for the current year.
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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