ON Semiconductor (ON) Stake Decreased by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its stake in shares of ON Semiconductor (NASDAQ:ON) by 28.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,830 shares of the semiconductor company’s stock after selling 3,427 shares during the period. Great Lakes Advisors LLC’s holdings in ON Semiconductor were worth $216,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ON. Westover Capital Advisors LLC raised its holdings in ON Semiconductor by 13.9% in the fourth quarter. Westover Capital Advisors LLC now owns 19,982 shares of the semiconductor company’s stock valued at $418,000 after buying an additional 2,433 shares during the period. SignalPoint Asset Management LLC raised its holdings in ON Semiconductor by 6.2% in the fourth quarter. SignalPoint Asset Management LLC now owns 42,473 shares of the semiconductor company’s stock valued at $889,000 after buying an additional 2,461 shares during the period. Public Employees Retirement Association of Colorado raised its holdings in ON Semiconductor by 3.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 85,392 shares of the semiconductor company’s stock valued at $1,788,000 after buying an additional 2,658 shares during the period. Hanseatic Management Services Inc. raised its holdings in ON Semiconductor by 4.3% in the fourth quarter. Hanseatic Management Services Inc. now owns 69,489 shares of the semiconductor company’s stock valued at $1,455,000 after buying an additional 2,858 shares during the period. Finally, IFP Advisors Inc raised its holdings in ON Semiconductor by 12.5% in the fourth quarter. IFP Advisors Inc now owns 25,896 shares of the semiconductor company’s stock valued at $542,000 after buying an additional 2,869 shares during the period. Institutional investors and hedge funds own 96.06% of the company’s stock.

In other ON Semiconductor news, EVP William Hall sold 25,179 shares of the firm’s stock in a transaction on Tuesday, May 15th. The stock was sold at an average price of $23.65, for a total value of $595,483.35. Following the sale, the executive vice president now directly owns 375,391 shares in the company, valued at $8,877,997.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP George H. Cave sold 15,000 shares of the firm’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $23.51, for a total value of $352,650.00. The disclosure for this sale can be found here. Insiders sold 275,579 shares of company stock worth $6,948,894 over the last quarter. 1.60% of the stock is currently owned by company insiders.

Shares of ON Semiconductor opened at $23.70 on Friday, according to Marketbeat Ratings. ON Semiconductor has a 12-month low of $13.65 and a 12-month high of $27.10. The firm has a market cap of $10.13 billion, a P/E ratio of 16.23, a PEG ratio of 1.06 and a beta of 2.03. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.71.

ON Semiconductor (NASDAQ:ON) last announced its quarterly earnings data on Sunday, April 29th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. ON Semiconductor had a return on equity of 23.00% and a net margin of 15.90%. The firm had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the business posted $0.18 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. analysts predict that ON Semiconductor will post 1.77 EPS for the current fiscal year.

Several research analysts recently commented on the stock. BidaskClub upgraded shares of ON Semiconductor from a “hold” rating to a “buy” rating in a report on Wednesday, March 7th. Vetr raised shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 price objective for the company in a research report on Monday, January 22nd. Zacks Investment Research raised shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Tuesday, March 6th. Finally, ValuEngine raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $24.71.

ON Semiconductor Company Profile

ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. It operates through three segments: Power Solutions Group, Analog Solutions Group, and Image Sensor Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.

Institutional Ownership by Quarter for ON Semiconductor (NASDAQ:ON)

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