Pacer Advisors Inc. lifted its holdings in ON Semiconductor Corporation (NASDAQ:ON – Free Report) by 94.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,221 shares of the semiconductor company’s stock after acquiring an additional 88,647 shares during the period. Pacer Advisors Inc.’s holdings in ON Semiconductor were worth $15,000,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ON. Kentucky Retirement Systems lifted its position in shares of ON Semiconductor by 0.4% during the fourth quarter. Kentucky Retirement Systems now owns 34,062 shares of the semiconductor company’s stock worth $2,124,000 after purchasing an additional 149 shares in the last quarter. Ballentine Partners LLC lifted its holdings in ON Semiconductor by 2.1% in the 1st quarter. Ballentine Partners LLC now owns 7,427 shares of the semiconductor company’s stock worth $611,000 after buying an additional 154 shares in the last quarter. Shaker Investments LLC OH boosted its position in ON Semiconductor by 1.0% in the 4th quarter. Shaker Investments LLC OH now owns 15,780 shares of the semiconductor company’s stock valued at $984,000 after buying an additional 162 shares during the last quarter. ETF Managers Group LLC grew its stake in shares of ON Semiconductor by 1.5% during the first quarter. ETF Managers Group LLC now owns 11,529 shares of the semiconductor company’s stock valued at $949,000 after acquiring an additional 172 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of ON Semiconductor by 12.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,593 shares of the semiconductor company’s stock worth $99,000 after acquiring an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 99.16% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on ON shares. 888 restated a “maintains” rating on shares of ON Semiconductor in a report on Wednesday, May 17th. BMO Capital Markets upped their price target on shares of ON Semiconductor from $75.00 to $80.00 in a report on Tuesday, May 2nd. Rosenblatt Securities downgraded shares of ON Semiconductor from a “buy” rating to a “neutral” rating and set a $95.00 price objective on the stock. in a research note on Monday. StockNews.com started coverage on shares of ON Semiconductor in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Benchmark increased their target price on ON Semiconductor from $95.00 to $110.00 in a report on Tuesday, June 20th. Nine investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, ON Semiconductor presently has an average rating of “Moderate Buy” and an average price target of $95.08.
Insider Transactions at ON Semiconductor
In other ON Semiconductor news, CEO Hassane El-Khoury sold 22,500 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $90.01, for a total transaction of $2,025,225.00. Following the sale, the chief executive officer now owns 573,812 shares in the company, valued at approximately $51,648,818.12. The transaction was disclosed in a filing with the SEC, which is available through this link. In other ON Semiconductor news, CEO Hassane El-Khoury sold 22,500 shares of ON Semiconductor stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $90.01, for a total transaction of $2,025,225.00. Following the transaction, the chief executive officer now directly owns 573,812 shares in the company, valued at approximately $51,648,818.12. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul Anthony Mascarenas sold 1,450 shares of ON Semiconductor stock in a transaction on Tuesday, June 27th. The shares were sold at an average price of $88.63, for a total value of $128,513.50. Following the transaction, the director now owns 46,757 shares in the company, valued at approximately $4,144,072.91. The disclosure for this sale can be found here. Insiders sold a total of 93,036 shares of company stock valued at $8,821,539 in the last three months. 0.27% of the stock is currently owned by corporate insiders.
ON Semiconductor Price Performance
Shares of NASDAQ ON opened at $98.76 on Monday. ON Semiconductor Corporation has a twelve month low of $54.93 and a twelve month high of $105.35. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average of $90.84 and a two-hundred day moving average of $81.60. The company has a market capitalization of $42.65 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 3.40 and a beta of 1.73.
Can IonQ Be the Leader in Quantum Computing as a Service?
ON Semiconductor (NASDAQ:ON – Get Free Report) last released its earnings results on Monday, May 1st. The semiconductor company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.09 by $0.10. The business had revenue of $1.96 billion during the quarter, compared to analyst estimates of $1.93 billion. ON Semiconductor had a net margin of 21.98% and a return on equity of 39.27%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the prior year, the business earned $1.22 earnings per share. As a group, analysts expect that ON Semiconductor Corporation will post 4.88 earnings per share for the current fiscal year.
ON Semiconductor Profile
onsemi is engaged in disruptive innovations and also a supplier of power and analog semiconductors. The firm offers vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure, with a focus on automotive and industrial end-markets. It operates through the following segments: Power Solutions Group, Advanced Solutions Group, and Intelligent Sensing Group.