Psagot Investment House Ltd. Buys 4,330 Shares of ON Semiconductor Corp (ON)

Psagot Investment House Ltd. increased its stake in shares of ON Semiconductor Corp (NASDAQ:ON) by 78.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 9,871 shares of the semiconductor company’s stock after acquiring an additional 4,330 shares during the quarter. Psagot Investment House Ltd.’s holdings in ON Semiconductor were worth $182,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. LS Investment Advisors LLC bought a new position in ON Semiconductor in the 2nd quarter valued at $109,000. Creative Planning bought a new position in ON Semiconductor in the 3rd quarter valued at $207,000. New Jersey Better Educational Savings Trust bought a new position in ON Semiconductor in the 2nd quarter valued at $222,000. John G Ullman & Associates Inc. bought a new position in ON Semiconductor in the 2nd quarter valued at $242,000. Finally, Fox Run Management L.L.C. bought a new position in ON Semiconductor in the 2nd quarter valued at $257,000. Institutional investors and hedge funds own 90.36% of the company’s stock.

In related news, insider Bernard Raymond Colpitts, Jr. sold 1,214 shares of the stock in a transaction dated Monday, August 13th. The stock was sold at an average price of $21.44, for a total transaction of $26,028.16. Following the sale, the insider now owns 18,357 shares of the company’s stock, valued at approximately $393,574.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Anthony Mascarenas sold 9,100 shares of the firm’s stock in a transaction dated Friday, September 28th. The shares were sold at an average price of $18.16, for a total value of $165,256.00. Following the completion of the sale, the director now directly owns 57,104 shares in the company, valued at approximately $1,037,008.64. The disclosure for this sale can be found here. Insiders have sold a total of 39,494 shares of company stock worth $768,883 in the last three months. 1.60% of the stock is currently owned by insiders.

A number of brokerages have recently commented on ON. ValuEngine raised ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd. Craig Hallum reaffirmed a “buy” rating and set a $25.00 price target (down previously from $31.00) on shares of ON Semiconductor in a research report on Tuesday, October 30th. Morgan Stanley dropped their price target on ON Semiconductor from $18.50 to $14.50 and set an “underweight” rating on the stock in a research report on Tuesday, October 30th. Nomura dropped their price target on ON Semiconductor from $30.00 to $23.00 and set a “buy” rating on the stock in a research report on Tuesday, October 30th. Finally, BidaskClub cut ON Semiconductor from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. ON Semiconductor currently has a consensus rating of “Hold” and an average price target of $24.57.

Shares of ON opened at $18.40 on Friday. The stock has a market cap of $7.54 billion, a P/E ratio of 12.60, a P/E/G ratio of 0.73 and a beta of 2.00. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.44 and a current ratio of 2.36. ON Semiconductor Corp has a 52-week low of $14.55 and a 52-week high of $27.10.

ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Sunday, October 28th. The semiconductor company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. ON Semiconductor had a return on equity of 25.97% and a net margin of 17.24%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 EPS. As a group, research analysts expect that ON Semiconductor Corp will post 1.9 EPS for the current year.

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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.

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

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