ON Semiconductor Corp (ON) Stake Increased by Robecosam AG

Robecosam AG increased its position in shares of ON Semiconductor Corp (NASDAQ:ON) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,757,900 shares of the semiconductor company’s stock after purchasing an additional 200,900 shares during the period. ON Semiconductor accounts for 2.7% of Robecosam AG’s portfolio, making the stock its 7th largest holding. Robecosam AG’s holdings in ON Semiconductor were worth $68,544,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Comerica Bank increased its holdings in ON Semiconductor by 3.4% in the 2nd quarter. Comerica Bank now owns 74,521 shares of the semiconductor company’s stock valued at $1,782,000 after acquiring an additional 2,478 shares during the last quarter. Independent Advisor Alliance increased its holdings in ON Semiconductor by 13.9% in the 2nd quarter. Independent Advisor Alliance now owns 20,734 shares of the semiconductor company’s stock valued at $285,000 after acquiring an additional 2,526 shares during the last quarter. Lido Advisors LLC increased its holdings in ON Semiconductor by 28.0% in the 2nd quarter. Lido Advisors LLC now owns 12,589 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 2,754 shares during the last quarter. Centaurus Financial Inc. increased its holdings in ON Semiconductor by 6.1% in the 2nd quarter. Centaurus Financial Inc. now owns 52,124 shares of the semiconductor company’s stock valued at $1,159,000 after acquiring an additional 2,999 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in ON Semiconductor by 10.8% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 33,363 shares of the semiconductor company’s stock valued at $742,000 after acquiring an additional 3,242 shares during the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

In related news, EVP William Hall sold 25,000 shares of ON Semiconductor stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $19.56, for a total transaction of $489,000.00. Following the completion of the sale, the executive vice president now owns 415,797 shares in the company, valued at approximately $8,132,989.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Anthony Mascarenas sold 9,100 shares of ON Semiconductor stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $18.16, for a total transaction of $165,256.00. Following the sale, the director now owns 57,104 shares of the company’s stock, valued at approximately $1,037,008.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 39,494 shares of company stock valued at $768,883. 1.29% of the stock is owned by corporate insiders.

A number of analysts have issued reports on the stock. Craig Hallum reiterated a “buy” rating and issued a $25.00 price target (down from $31.00) on shares of ON Semiconductor in a report on Tuesday. ValuEngine downgraded shares of ON Semiconductor from a “sell” rating to a “strong sell” rating in a report on Saturday. Morgan Stanley reduced their price target on shares of ON Semiconductor from $18.50 to $14.50 and set an “underweight” rating on the stock in a report on Tuesday. Nomura reduced their price target on shares of ON Semiconductor from $30.00 to $23.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, BidaskClub downgraded shares of ON Semiconductor from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $24.70.

ON stock opened at $17.15 on Wednesday. ON Semiconductor Corp has a 12 month low of $14.55 and a 12 month high of $27.10. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.54 and a quick ratio of 0.91. The stock has a market cap of $6.23 billion, a P/E ratio of 11.74, a PEG ratio of 0.67 and a beta of 2.00.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings results on Sunday, October 28th. The semiconductor company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. ON Semiconductor had a net margin of 17.24% and a return on equity of 26.53%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.51 billion. During the same period in the previous year, the company earned $0.44 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, research analysts expect that ON Semiconductor Corp will post 1.84 earnings per share for the current 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.

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

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