Cambridge Investment Research Advisors Inc. increased its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON – Free Report) by 26.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,687 shares of the semiconductor company’s stock after buying an additional 7,764 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in ON Semiconductor were worth $3,470,000 at the end of the most recent quarter.
Several other large investors have also bought and sold shares of ON. Ontario Teachers Pension Plan Board bought a new stake in ON Semiconductor during the 4th quarter worth approximately $331,000. American International Group Inc. raised its position in ON Semiconductor by 8.1% in the 4th quarter. American International Group Inc. now owns 132,885 shares of the semiconductor company’s stock valued at $8,288,000 after buying an additional 9,919 shares during the last quarter. First National Bank of South Miami boosted its position in ON Semiconductor by 173.3% during the 2nd quarter. First National Bank of South Miami now owns 2,181 shares of the semiconductor company’s stock worth $206,000 after acquiring an additional 1,383 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of ON Semiconductor by 0.8% during the 1st quarter. State of Alaska Department of Revenue now owns 158,942 shares of the semiconductor company’s stock worth $13,083,000 after acquiring an additional 1,265 shares in the last quarter. Finally, Bank of Hawaii acquired a new stake in shares of ON Semiconductor in the first quarter valued at approximately $389,000. 96.36% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on ON shares. Susquehanna lifted their target price on ON Semiconductor from $115.00 to $130.00 and gave the company a “positive” rating in a research report on Tuesday, August 1st. Deutsche Bank Aktiengesellschaft lifted their price target on ON Semiconductor from $95.00 to $100.00 in a report on Thursday, June 8th. Morgan Stanley lifted their target price on ON Semiconductor from $89.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 1st. Mizuho upped their price target on shares of ON Semiconductor from $112.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, August 1st. Finally, Bank of America raised their price objective on shares of ON Semiconductor from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $109.31.
ON Semiconductor Price Performance
Shares of ON opened at $92.05 on Thursday. The company has a market capitalization of $39.75 billion, a price-to-earnings ratio of 21.06, a price-to-earnings-growth ratio of 2.41 and a beta of 1.78. The business has a 50-day moving average of $97.05 and a 200-day moving average of $88.81. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.39 and a quick ratio of 1.60. ON Semiconductor Corporation has a 1 year low of $54.93 and a 1 year high of $111.35.
ON Semiconductor (NASDAQ:ON – Get Free Report) last issued its earnings results on Monday, July 31st. The semiconductor company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.12. The business had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.02 billion. ON Semiconductor had a return on equity of 36.71% and a net margin of 23.41%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.34 earnings per share. As a group, equities research analysts anticipate that ON Semiconductor Corporation will post 5.25 earnings per share for the current year.
Insider Buying and Selling at ON Semiconductor
In other ON Semiconductor news, CAO Bernard Raymond Colpitts, Jr. sold 2,795 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $99.18, for a total value of $277,208.10. Following the completion of the sale, the chief accounting officer now owns 32,050 shares of the company’s stock, valued at $3,178,719. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other ON Semiconductor news, CAO Bernard Raymond Colpitts, Jr. sold 2,795 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $99.18, for a total value of $277,208.10. Following the completion of the sale, the chief accounting officer now owns 32,050 shares of the company’s stock, valued at $3,178,719. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Simon Keeton sold 9,923 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 175,616 shares of the company’s stock, valued at approximately $19,272,099.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 57,928 shares of company stock valued at $5,902,196. Company insiders own 0.27% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than ON Semiconductor
- What is the Nikkei 225 index?
- How You Can Reverse Engineer Michael Burry’s Latest Buy
- How to Buy Gold Stock and Invest in Gold
- The Odds Are High Costco Will Declare a Special Dividend Soon
- Stock Dividend Cuts Happen Are You Ready?
- 3 Mid-Cap Momentum Plays to Ride Into Q4
Want to see what other hedge funds are holding ON? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ON Semiconductor Corporation (NASDAQ:ON – Free Report).
Receive News & Ratings for ON Semiconductor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ON Semiconductor and related companies with MarketBeat.com's FREE daily email newsletter.
