Banco Bilbao Vizcaya Argentaria S.A. raised its stake in ON Semiconductor Corporation (NASDAQ:ON – Free Report) by 33.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,538 shares of the semiconductor company’s stock after acquiring an additional 3,673 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in ON Semiconductor were worth $1,197,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Kentucky Retirement Systems lifted its holdings in shares of ON Semiconductor by 0.4% in the fourth quarter. Kentucky Retirement Systems now owns 34,062 shares of the semiconductor company’s stock worth $2,124,000 after buying an additional 149 shares in the last quarter. Ballentine Partners LLC increased its stake in ON Semiconductor by 2.1% in the 1st quarter. Ballentine Partners LLC now owns 7,427 shares of the semiconductor company’s stock worth $611,000 after acquiring an additional 154 shares during the last quarter. Shaker Investments LLC OH raised its holdings in shares of ON Semiconductor by 1.0% in the 4th quarter. Shaker Investments LLC OH now owns 15,780 shares of the semiconductor company’s stock valued at $984,000 after acquiring an additional 162 shares in the last quarter. ETF Managers Group LLC boosted its position in shares of ON Semiconductor by 1.5% during the 1st quarter. ETF Managers Group LLC now owns 11,529 shares of the semiconductor company’s stock valued at $949,000 after acquiring an additional 172 shares during the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in shares of ON Semiconductor by 12.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,593 shares of the semiconductor company’s stock worth $99,000 after purchasing an additional 181 shares in the last quarter. 99.16% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on ON shares. Stifel Nicolaus lifted their target price on shares of ON Semiconductor from $98.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, August 1st. Truist Financial upped their target price on shares of ON Semiconductor from $93.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Wolfe Research began coverage on ON Semiconductor in a research note on Wednesday, July 19th. They issued a “peer perform” rating on the stock. B. Riley lifted their price target on ON Semiconductor from $110.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, Citigroup increased their price objective on ON Semiconductor from $118.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, August 1st. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, ON Semiconductor currently has an average rating of “Moderate Buy” and a consensus price target of $109.31.
Insiders Place Their Bets
In other ON Semiconductor news, EVP Simon Keeton sold 9,923 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was sold at an average price of $109.74, for a total transaction of $1,088,950.02. Following the completion of the transaction, the executive vice president now owns 175,616 shares of the company’s stock, valued at $19,272,099.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other ON Semiconductor news, EVP Simon Keeton sold 9,923 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $109.74, for a total value of $1,088,950.02. Following the sale, the executive vice president now owns 175,616 shares in the company, valued at $19,272,099.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Hassane El-Khoury sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $91.42, for a total value of $2,056,950.00. Following the completion of the sale, the chief executive officer now directly owns 551,312 shares in the company, valued at $50,400,943.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 97,959 shares of company stock worth $9,501,689. Company insiders own 0.27% of the company’s stock.
ON Semiconductor Price Performance
ON opened at $97.12 on Tuesday. The stock’s 50 day moving average price is $96.23 and its 200-day moving average price is $85.56. ON Semiconductor Corporation has a 52-week low of $54.93 and a 52-week high of $111.35. The stock has a market capitalization of $41.94 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.45 and a beta of 1.75. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.60 and a current ratio of 2.39.
ON Semiconductor (NASDAQ:ON – Get Free Report) last posted its earnings results on Monday, July 31st. The semiconductor company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.21 by $0.12. ON Semiconductor had a net margin of 23.41% and a return on equity of 36.71%. The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same period last year, the company posted $1.34 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts predict that ON Semiconductor Corporation will post 5.19 EPS for the current year.
ON Semiconductor Profile
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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