Scout Investments Inc. Raises Position in ON Semiconductor (ON)

Scout Investments Inc. lifted its stake in ON Semiconductor (NASDAQ:ON) by 15.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 778,187 shares of the semiconductor company’s stock after purchasing an additional 104,039 shares during the period. Scout Investments Inc. owned 0.18% of ON Semiconductor worth $19,034,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. LSV Asset Management boosted its stake in ON Semiconductor by 11.4% in the first quarter. LSV Asset Management now owns 8,085,228 shares of the semiconductor company’s stock valued at $197,764,000 after acquiring an additional 829,500 shares during the last quarter. Geode Capital Management LLC boosted its stake in ON Semiconductor by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 4,088,564 shares of the semiconductor company’s stock valued at $85,613,000 after acquiring an additional 110,427 shares during the last quarter. Paradice Investment Management LLC boosted its stake in ON Semiconductor by 2.0% in the fourth quarter. Paradice Investment Management LLC now owns 3,132,836 shares of the semiconductor company’s stock valued at $65,602,000 after acquiring an additional 62,868 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in ON Semiconductor by 8.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,099,434 shares of the semiconductor company’s stock valued at $75,813,000 after acquiring an additional 235,231 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in ON Semiconductor by 121.6% in the fourth quarter. OppenheimerFunds Inc. now owns 2,658,938 shares of the semiconductor company’s stock valued at $55,679,000 after acquiring an additional 1,458,938 shares during the last quarter. 91.50% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on ON shares. Vetr raised shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 price target on the stock in a research report on Monday, January 22nd. Zacks Investment Research cut shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. BidaskClub cut shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 26th. ValuEngine raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Mizuho lifted their price target on shares of ON Semiconductor from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. ON Semiconductor currently has an average rating of “Buy” and an average target price of $24.71.

In related news, EVP William Hall sold 3,000 shares of the business’s stock in a transaction on Wednesday, May 2nd. The shares were sold at an average price of $22.14, for a total value of $66,420.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bernard Gutmann sold 126,667 shares of the business’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $26.01, for a total transaction of $3,294,608.67. Following the completion of the sale, the chief financial officer now directly owns 665,507 shares in the company, valued at $17,309,837.07. The disclosure for this sale can be found here. Insiders sold a total of 256,866 shares of company stock worth $6,514,566 over the last ninety days. 1.29% of the stock is currently owned by insiders.

ON opened at $23.84 on Tuesday. The firm has a market capitalization of $10.13 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.06 and a beta of 2.03. ON Semiconductor has a 12 month low of $13.65 and a 12 month high of $27.10. 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 posted its quarterly earnings data on Sunday, April 29th. The semiconductor company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.39 by $0.01. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. ON Semiconductor had a net margin of 15.90% and a return on equity of 23.00%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.18 EPS. equities analysts forecast that ON Semiconductor will post 1.77 EPS for the current year.

ON Semiconductor 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.

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

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