ON Semiconductor Co. (NASDAQ:ON) Position Lowered by Regentatlantic Capital LLC

Regentatlantic Capital LLC decreased its stake in shares of ON Semiconductor Co. (NASDAQ:ON) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 72,475 shares of the semiconductor company’s stock after selling 252 shares during the period. Regentatlantic Capital LLC’s holdings in ON Semiconductor were worth $2,774,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of ON. Capital International Investors raised its stake in ON Semiconductor by 0.8% during the first quarter. Capital International Investors now owns 18,131,794 shares of the semiconductor company’s stock worth $754,464,000 after acquiring an additional 147,125 shares during the period. Breakline Capital LLC acquired a new stake in ON Semiconductor during the second quarter worth about $1,501,000. AQR Capital Management LLC raised its stake in ON Semiconductor by 582.6% during the first quarter. AQR Capital Management LLC now owns 151,929 shares of the semiconductor company’s stock worth $6,300,000 after acquiring an additional 129,672 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in ON Semiconductor by 121.7% during the first quarter. Schonfeld Strategic Advisors LLC now owns 250,000 shares of the semiconductor company’s stock worth $10,403,000 after acquiring an additional 137,247 shares during the period. Finally, Swiss National Bank raised its stake in ON Semiconductor by 1.8% during the first quarter. Swiss National Bank now owns 1,579,595 shares of the semiconductor company’s stock worth $65,727,000 after acquiring an additional 27,500 shares during the period. 91.15% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Vince Craig Hopkin sold 4,000 shares of ON Semiconductor stock in a transaction dated Monday, August 2nd. The shares were sold at an average price of $42.94, for a total transaction of $171,760.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP George H. Cave sold 10,000 shares of ON Semiconductor stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $45.15, for a total transaction of $451,500.00. The disclosure for this sale can be found here. Insiders sold a total of 25,700 shares of company stock worth $1,150,993 in the last quarter. Insiders own 1.42% of the company’s stock.

Several brokerages have commented on ON. Susquehanna Bancshares raised their price target on shares of ON Semiconductor from $57.00 to $63.00 and gave the company a “positive” rating in a research note on Friday, August 6th. B. Riley raised their price target on shares of ON Semiconductor from $50.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, August 3rd. Needham & Company LLC restated a “buy” rating and issued a $60.00 price target on shares of ON Semiconductor in a research note on Thursday, August 26th. Bank of America raised their price target on shares of ON Semiconductor from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, September 17th. Finally, Credit Suisse Group increased their price objective on shares of ON Semiconductor from $17.00 to $45.00 and gave the company an “underperform” rating in a report on Tuesday, August 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $48.51.

ON stock opened at $49.29 on Friday. The company has a market cap of $21.22 billion, a price-to-earnings ratio of 40.74, a PEG ratio of 0.35 and a beta of 1.87. The company has a 50 day moving average of $43.62 and a two-hundred day moving average of $40.68. The company has a quick ratio of 1.32, a current ratio of 2.22 and a debt-to-equity ratio of 0.76. ON Semiconductor Co. has a 12-month low of $19.75 and a 12-month high of $49.78.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Sunday, August 1st. The semiconductor company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.14. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. ON Semiconductor had a net margin of 8.85% and a return on equity of 18.98%. ON Semiconductor’s revenue for the quarter was up 37.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. On average, research analysts anticipate that ON Semiconductor Co. will post 2.49 EPS for the current year.

About ON Semiconductor

ON Semiconductor Corp. engages in the design, manufacture, and marketing of portfolio of semiconductor components. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and semiconductor products that perform multiple application functions, including power switching, power conversion, signal conditioning, circuit protection, signal amplification, and voltage reference functions.

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

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