HighPoint Advisor Group LLC bought a new stake in shares of ON Semiconductor Corp (NASDAQ:ON) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 19,318 shares of the semiconductor company’s stock, valued at approximately $399,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of ON. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in ON Semiconductor during the 4th quarter valued at $101,000. Fuller & Thaler Asset Management Inc. purchased a new stake in ON Semiconductor in the fourth quarter worth $174,000. BB&T Securities LLC purchased a new stake in ON Semiconductor in the third quarter worth $187,000. Cambridge Investment Research Advisors Inc. purchased a new stake in ON Semiconductor in the third quarter worth $200,000. Finally, Premia Global Advisors LLC purchased a new stake in ON Semiconductor in the fourth quarter worth $200,000. Hedge funds and other institutional investors own 97.17% of the company’s stock.
Shares of ON stock opened at $25.95 on Wednesday. ON Semiconductor Corp has a 12-month low of $13.65 and a 12-month high of $27.10. The firm has a market capitalization of $10,852.99, a PE ratio of 21.99, a P/E/G ratio of 1.20 and a beta of 2.03. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.31 and a current ratio of 2.08.
ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings data on Friday, February 2nd. The semiconductor company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. ON Semiconductor had a return on equity of 21.88% and a net margin of 14.63%. The company had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same quarter last year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. equities analysts expect that ON Semiconductor Corp will post 1.73 EPS for the current year.
ON has been the topic of a number of recent research reports. Mizuho reissued a “buy” rating and set a $26.00 price target (up previously from $24.00) on shares of ON Semiconductor in a research report on Friday, January 12th. Needham & Company LLC reissued a “buy” rating and set a $25.00 price target on shares of ON Semiconductor in a research report on Tuesday, December 19th. KeyCorp reissued a “hold” rating on shares of ON Semiconductor in a research report on Monday, December 11th. Zacks Investment Research downgraded ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Finally, ValuEngine downgraded ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $24.09.
In other news, VP Paul E. Rolls sold 16,899 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $21.03, for a total value of $355,385.97. Following the completion of the transaction, the vice president now directly owns 305,807 shares in the company, valued at $6,431,121.21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP George H. Cave sold 3,000 shares of the firm’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $22.85, for a total value of $68,550.00. Following the completion of the transaction, the executive vice president now owns 394,570 shares of the company’s stock, valued at $9,015,924.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 137,282 shares of company stock worth $3,247,913. 1.40% of the stock is owned by corporate insiders.
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.
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).
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.