Gateway Investment Advisers LLC grew its stake in shares of ON Semiconductor Corp (NASDAQ:ON) by 0.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 77,343 shares of the semiconductor company’s stock after acquiring an additional 479 shares during the period. Gateway Investment Advisers LLC’s holdings in ON Semiconductor were worth $1,591,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Great West Life Assurance Co. Can raised its position in shares of ON Semiconductor by 0.5% in the fourth quarter. Great West Life Assurance Co. Can now owns 116,355 shares of the semiconductor company’s stock worth $1,830,000 after buying an additional 613 shares in the last quarter. Huntington National Bank raised its position in shares of ON Semiconductor by 69.2% in the fourth quarter. Huntington National Bank now owns 1,926 shares of the semiconductor company’s stock worth $32,000 after buying an additional 788 shares in the last quarter. M&T Bank Corp raised its position in shares of ON Semiconductor by 5.0% in the fourth quarter. M&T Bank Corp now owns 17,833 shares of the semiconductor company’s stock worth $295,000 after buying an additional 843 shares in the last quarter. ETF Managers Group LLC raised its position in shares of ON Semiconductor by 18.8% in the fourth quarter. ETF Managers Group LLC now owns 5,417 shares of the semiconductor company’s stock worth $89,000 after buying an additional 856 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of ON Semiconductor by 2.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 35,532 shares of the semiconductor company’s stock worth $587,000 after buying an additional 894 shares in the last quarter. Hedge funds and other institutional investors own 94.85% of the company’s stock.
ON Semiconductor stock opened at $22.44 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The stock has a market cap of $9.41 billion, a PE ratio of 11.45, a PEG ratio of 1.75 and a beta of 2.04. ON Semiconductor Corp has a 1-year low of $14.55 and a 1-year high of $26.38.
ON Semiconductor (NASDAQ:ON) last posted its earnings results on Friday, February 1st. The semiconductor company reported $0.53 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.05. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. ON Semiconductor had a net margin of 10.67% and a return on equity of 26.91%. Sell-side analysts predict that ON Semiconductor Corp will post 1.83 earnings per share for the current year.
In other ON Semiconductor news, Director Emmanuel T. Hernandez sold 30,000 shares of the firm’s stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $20.01, for a total value of $600,300.00. Following the completion of the sale, the director now directly owns 159,655 shares in the company, valued at $3,194,696.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Emmanuel T. Hernandez sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, April 10th. The stock was sold at an average price of $22.59, for a total transaction of $225,900.00. Following the completion of the sale, the director now owns 119,655 shares of the company’s stock, valued at $2,703,006.45. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,000 shares of company stock valued at $1,491,900. 1.40% of the stock is currently owned by company insiders.
A number of brokerages recently issued reports on ON. ValuEngine upgraded ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. BidaskClub upgraded ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. Robert W. Baird reiterated a “hold” rating and issued a $25.00 price objective on shares of ON Semiconductor in a research report on Monday, March 11th. Cowen initiated coverage on ON Semiconductor in a research note on Friday, February 22nd. They issued an “outperform” rating on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $27.00 target price on shares of ON Semiconductor in a research note on Monday, March 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. ON Semiconductor presently has an average rating of “Hold” and a consensus price target of $24.82.
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ON Semiconductor Company Profile
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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