Lisanti Capital Growth LLC acquired a new position in shares of ON Semiconductor Corp (NASDAQ:ON) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,680 shares of the semiconductor company’s stock, valued at approximately $412,000.
A number of other large investors also recently bought and sold shares of the business. Northern Trust Corp grew its holdings in shares of ON Semiconductor by 3.3% during the second quarter. Northern Trust Corp now owns 2,016,245 shares of the semiconductor company’s stock worth $28,308,000 after buying an additional 64,121 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of ON Semiconductor by 17.8% during the second quarter. Goldman Sachs Group Inc. now owns 1,333,089 shares of the semiconductor company’s stock worth $18,717,000 after buying an additional 201,771 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of ON Semiconductor during the second quarter worth $533,000. Bank of Nova Scotia purchased a new stake in shares of ON Semiconductor during the second quarter worth $2,064,000. Finally, Piedmont Investment Advisors LLC grew its holdings in shares of ON Semiconductor by 118.9% during the second quarter. Piedmont Investment Advisors LLC now owns 87,343 shares of the semiconductor company’s stock worth $1,226,000 after buying an additional 47,442 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.
A number of equities research analysts have recently issued reports on ON shares. ValuEngine lowered shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Bank of America reaffirmed a “buy” rating and set a $25.00 target price on shares of ON Semiconductor in a report on Monday, November 13th. B. Riley upped their price objective on shares of ON Semiconductor from $21.00 to $25.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Craig Hallum upped their price objective on shares of ON Semiconductor from $25.00 to $26.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. Finally, Loop Capital upped their price objective on shares of ON Semiconductor from $22.00 to $27.00 and gave the company a “buy” rating in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $23.99.
In other ON Semiconductor news, Director Daryl Ostrander sold 1,398 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $19.10, for a total transaction of $26,701.80. Following the completion of the transaction, the director now owns 64,060 shares of the company’s stock, valued at $1,223,546. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP George H. Cave sold 3,000 shares of the stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $22.85, for a total transaction of $68,550.00. Following the transaction, the executive vice president now directly owns 394,570 shares of the company’s stock, valued at approximately $9,015,924.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,880 shares of company stock valued at $989,468. 1.60% of the stock is currently owned by insiders.
Shares of ON Semiconductor Corp (NASDAQ ON) traded down $0.26 during mid-day trading on Friday, reaching $22.54. 4,450,000 shares of the company’s stock traded hands, compared to its average volume of 8,400,000. The company has a current ratio of 1.97, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $9,560.00, a price-to-earnings ratio of 11.99, a PEG ratio of 1.06 and a beta of 2.08. 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 Thomson Reuters’ consensus estimate of $0.37 by $0.02. The company had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.35 billion. ON Semiconductor had a net margin of 14.63% and a return on equity of 23.64%. ON Semiconductor’s revenue was up 9.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.29 earnings per share. sell-side analysts anticipate that ON Semiconductor Corp will post 1.73 EPS for the current fiscal year.
About ON Semiconductor
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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