Lincoln National Corp purchased a new stake in ON Semiconductor Corporation (NASDAQ:ON – Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,426 shares of the semiconductor company’s stock, valued at approximately $282,000.
Other hedge funds also recently modified their holdings of the company. FinTrust Capital Advisors LLC acquired a new stake in ON Semiconductor during the 4th quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of ON Semiconductor in the 1st quarter worth $26,000. BerganKDV Wealth Management LLC boosted its holdings in shares of ON Semiconductor by 348.3% in the 4th quarter. BerganKDV Wealth Management LLC now owns 520 shares of the semiconductor company’s stock worth $32,000 after buying an additional 404 shares during the last quarter. Sonnipe Ltd purchased a new position in shares of ON Semiconductor in the 4th quarter worth about $33,000. Finally, SOA Wealth Advisors LLC. lifted its holdings in ON Semiconductor by 100.0% during the first quarter. SOA Wealth Advisors LLC. now owns 400 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. Institutional investors and hedge funds own 99.16% of the company’s stock.
ON Semiconductor Price Performance
ON stock opened at $99.25 on Thursday. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $42.86 billion, a PE ratio of 24.21, a P/E/G ratio of 3.34 and a beta of 1.73. ON Semiconductor Corporation has a 12-month low of $54.93 and a 12-month high of $105.35. The business’s fifty day moving average price is $91.15 and its 200 day moving average price is $81.86.
Insider Transactions at ON Semiconductor
In other ON Semiconductor news, EVP Simon Keeton sold 11,310 shares of the stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $95.00, for a total transaction of $1,074,450.00. Following the completion of the sale, the executive vice president now directly owns 196,034 shares of the company’s stock, valued at approximately $18,623,230. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other ON Semiconductor news, EVP Simon Keeton sold 11,310 shares of the firm’s stock in a transaction on Friday, June 30th. The stock was sold at an average price of $95.00, for a total transaction of $1,074,450.00. Following the completion of the transaction, the executive vice president now owns 196,034 shares of the company’s stock, valued at $18,623,230. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Hassane El-Khoury sold 22,500 shares of the firm’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $90.01, for a total value of $2,025,225.00. Following the sale, the chief executive officer now owns 573,812 shares in the company, valued at approximately $51,648,818.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 93,036 shares of company stock valued at $8,821,539. 0.40% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of ON Semiconductor from $95.00 to $100.00 in a research report on Thursday, June 8th. Wolfe Research assumed coverage on shares of ON Semiconductor in a research report on Wednesday, July 19th. They set a “peer perform” rating for the company. Benchmark upped their price target on shares of ON Semiconductor from $95.00 to $110.00 in a research report on Tuesday, June 20th. Jefferies Financial Group upped their price target on ON Semiconductor from $93.00 to $99.00 in a research note on Wednesday, May 17th. Finally, Piper Sandler increased their price target on ON Semiconductor from $85.00 to $100.00 in a report on Wednesday, May 17th. Nine analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $96.62.
About ON Semiconductor
onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.
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