ARP Americas LP Sells 20,100 Shares of ON Semiconductor Corp (ON)

ARP Americas LP decreased its position in ON Semiconductor Corp (NASDAQ:ON) by 65.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,700 shares of the semiconductor company’s stock after selling 20,100 shares during the quarter. ARP Americas LP’s holdings in ON Semiconductor were worth $197,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LS Investment Advisors LLC bought a new position in shares of ON Semiconductor in the 2nd quarter valued at about $109,000. Psagot Investment House Ltd. bought a new position in shares of ON Semiconductor in the 2nd quarter valued at about $123,000. Cerebellum GP LLC bought a new position in shares of ON Semiconductor in the 2nd quarter valued at about $170,000. New Jersey Better Educational Savings Trust bought a new position in shares of ON Semiconductor in the 2nd quarter valued at about $222,000. Finally, John G Ullman & Associates Inc. bought a new position in shares of ON Semiconductor in the 2nd quarter valued at about $242,000. 90.49% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Bernard Raymond Colpitts, Jr. sold 1,214 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $21.44, for a total transaction of $26,028.16. Following the completion of the sale, the insider now owns 18,357 shares in the company, valued at $393,574.08. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP William Hall sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $19.56, for a total value of $489,000.00. Following the sale, the executive vice president now owns 415,797 shares of the company’s stock, valued at approximately $8,132,989.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,494 shares of company stock valued at $768,883. Corporate insiders own 1.29% of the company’s stock.

ON has been the subject of a number of research analyst reports. ValuEngine cut ON Semiconductor from a “sell” rating to a “strong sell” rating in a report on Saturday. BidaskClub upgraded ON Semiconductor from a “strong sell” rating to a “sell” rating in a report on Thursday, August 30th. Raymond James cut ON Semiconductor from an “outperform” rating to a “market perform” rating and set a $32.00 price target for the company. in a report on Tuesday, September 25th. Zacks Investment Research cut ON Semiconductor from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Finally, Morgan Stanley cut ON Semiconductor from an “equal weight” rating to an “underweight” rating and reduced their price target for the stock from $20.00 to $18.50 in a report on Thursday, August 9th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.96.

Shares of NASDAQ:ON opened at $15.91 on Tuesday. ON Semiconductor Corp has a 12-month low of $14.55 and a 12-month high of $27.10. The company has a market cap of $6.23 billion, a PE ratio of 10.90, a PEG ratio of 0.62 and a beta of 2.01. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 0.91.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Sunday, July 29th. The semiconductor company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.01. ON Semiconductor had a return on equity of 24.14% and a net margin of 16.66%. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.43 billion. As a group, sell-side analysts predict that ON Semiconductor Corp will post 1.83 earnings per share for the current fiscal year.

About ON Semiconductor

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.

Further Reading: What is a conference call?

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 Corp (NASDAQ:ON).

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

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.

Leave a Reply