ON Semiconductor (ON) Position Cut by Rosenblum Silverman Sutton S F Inc ca

Rosenblum Silverman Sutton S F Inc ca reduced its position in ON Semiconductor (NASDAQ:ON) by 8.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 89,980 shares of the semiconductor company’s stock after selling 8,700 shares during the period. Rosenblum Silverman Sutton S F Inc ca’s holdings in ON Semiconductor were worth $2,201,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of the stock. Westover Capital Advisors LLC lifted its position in ON Semiconductor by 13.9% during the fourth quarter. Westover Capital Advisors LLC now owns 19,982 shares of the semiconductor company’s stock worth $418,000 after acquiring an additional 2,433 shares during the last quarter. SignalPoint Asset Management LLC lifted its position in ON Semiconductor by 6.2% during the fourth quarter. SignalPoint Asset Management LLC now owns 42,473 shares of the semiconductor company’s stock worth $889,000 after acquiring an additional 2,461 shares during the last quarter. Public Employees Retirement Association of Colorado lifted its position in ON Semiconductor by 3.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 85,392 shares of the semiconductor company’s stock worth $1,788,000 after acquiring an additional 2,658 shares during the last quarter. Hanseatic Management Services Inc. lifted its position in ON Semiconductor by 4.3% during the fourth quarter. Hanseatic Management Services Inc. now owns 69,489 shares of the semiconductor company’s stock worth $1,455,000 after acquiring an additional 2,858 shares during the last quarter. Finally, IFP Advisors Inc lifted its position in ON Semiconductor by 12.5% during the fourth quarter. IFP Advisors Inc now owns 25,896 shares of the semiconductor company’s stock worth $542,000 after acquiring an additional 2,869 shares during the last quarter. Institutional investors and hedge funds own 91.50% of the company’s stock.

Several equities research analysts have issued reports on ON shares. Zacks Investment Research downgraded shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Monday, April 9th. ValuEngine upgraded shares of ON Semiconductor from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 2nd. BidaskClub downgraded shares of ON Semiconductor from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. MKM Partners raised their price objective on shares of ON Semiconductor to $28.00 and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Finally, Craig Hallum raised their price objective on shares of ON Semiconductor from $26.00 to $28.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. ON Semiconductor currently has an average rating of “Buy” and a consensus price target of $24.71.

Shares of ON Semiconductor opened at $25.85 on Friday, according to Marketbeat Ratings. ON Semiconductor has a 12 month low of $13.65 and a 12 month high of $27.10. The company has a market cap of $11.05 billion, a PE ratio of 19.15, a price-to-earnings-growth ratio of 1.16 and a beta of 2.03. The company has a current ratio of 1.53, a quick ratio of 0.93 and a debt-to-equity ratio of 0.71.

ON Semiconductor (NASDAQ:ON) last announced its earnings results on Sunday, April 29th. The semiconductor company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.01. ON Semiconductor had a net margin of 15.90% and a return on equity of 23.00%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same period last year, the firm earned $0.18 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. equities analysts predict that ON Semiconductor will post 1.77 EPS for the current year.

In related news, Director Daryl Ostrander sold 2,750 shares of ON Semiconductor stock in a transaction that occurred on Monday, May 21st. The shares were sold at an average price of $23.75, for a total value of $65,312.50. Following the transaction, the director now directly owns 81,310 shares of the company’s stock, valued at $1,931,112.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Keith D. Jackson sold 80,000 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, May 23rd. The shares were sold at an average price of $23.99, for a total transaction of $1,919,200.00. Following the completion of the transaction, the chief executive officer now directly owns 3,107,401 shares in the company, valued at $74,546,549.99. The disclosure for this sale can be found here. Insiders sold 339,616 shares of company stock worth $8,499,078 over the last three months. 1.60% of the stock is currently owned by insiders.

ON Semiconductor 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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