Livforsakringsbolaget Skandia Omsesidigt trimmed its position in shares of ON Semiconductor Corp (NASDAQ:ON) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,100 shares of the semiconductor company’s stock after selling 13,800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in ON Semiconductor were worth $4,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its stake in ON Semiconductor by 31.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,864,203 shares of the semiconductor company’s stock valued at $59,977,000 after buying an additional 677,112 shares in the last quarter. Bank of Montreal Can lifted its stake in shares of ON Semiconductor by 132.3% during the fourth quarter. Bank of Montreal Can now owns 4,044,634 shares of the semiconductor company’s stock valued at $84,695,000 after acquiring an additional 2,303,338 shares during the period. Convergence Investment Partners LLC lifted its stake in shares of ON Semiconductor by 4.9% during the fourth quarter. Convergence Investment Partners LLC now owns 183,149 shares of the semiconductor company’s stock valued at $3,835,000 after acquiring an additional 8,579 shares during the period. Jaffetilchin Investment Partners LLC acquired a new position in shares of ON Semiconductor during the fourth quarter valued at $299,000. Finally, Atlantic Trust Group LLC bought a new stake in ON Semiconductor in the third quarter valued at about $1,191,000. Institutional investors and hedge funds own 99.86% of the company’s stock.
Shares of ON Semiconductor Corp (NASDAQ ON) traded up $0.34 during midday trading on Friday, hitting $21.15. The stock had a trading volume of 13,076,268 shares, compared to its average volume of 8,525,092. The company has a market capitalization of $9,357.02, a price-to-earnings ratio of 11.31, a P/E/G ratio of 1.04 and a beta of 2.08. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.25 and a current ratio of 1.97. ON Semiconductor Corp has a one year low of $13.65 and a one year high of $25.60.
ON Semiconductor (NASDAQ:ON) last announced its earnings results on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.02. ON Semiconductor had a return on equity of 23.64% and a net margin of 14.63%. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter last year, the company earned $0.29 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. research analysts predict that ON Semiconductor Corp will post 1.73 earnings per share for the current fiscal year.
In other news, VP Paul E. Rolls sold 16,899 shares of ON Semiconductor stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $21.03, for a total value of $355,385.97. Following the transaction, the vice president now owns 305,807 shares in the company, valued at approximately $6,431,121.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP William Hall sold 22,583 shares of ON Semiconductor stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $23.86, for a total value of $538,830.38. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 98,246 shares of company stock worth $2,140,940. Corporate insiders own 1.60% of the company’s stock.
ON has been the subject of a number of recent analyst reports. Credit Suisse Group upped their price objective on ON Semiconductor from $14.50 to $17.00 and gave the company an “underperform” rating in a report on Tuesday, November 7th. Zacks Investment Research downgraded ON Semiconductor from a “buy” rating to a “hold” rating in a report on Friday, November 10th. ValuEngine upgraded ON Semiconductor from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Mizuho increased their price target on ON Semiconductor from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Monday. Finally, Citigroup increased their price target on ON Semiconductor from $24.00 to $28.00 and gave the stock a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $23.99.
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ON Semiconductor Profile
ON Semiconductor Corporation offers a portfolio of sensors, power management, connectivity, custom and system on chip (SoC), analog, logic, timing, and discrete devices. The Company’s segments include Power Solutions Group, Analog Solutions Group and Image Sensor Group. The Power Solutions Group offers a range of discrete, module and integrated semiconductor products.
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