Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of ON Semiconductor Corp (NASDAQ:ON) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 11,600 shares of the semiconductor company’s stock, valued at approximately $244,000.
Other large investors have also recently modified their holdings of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of ON Semiconductor during the fourth quarter valued at approximately $101,000. BB&T Securities LLC bought a new position in shares of ON Semiconductor during the third quarter valued at approximately $187,000. Cambridge Investment Research Advisors Inc. bought a new position in shares of ON Semiconductor during the third quarter valued at approximately $200,000. American International Group Inc. bought a new position in shares of ON Semiconductor during the fourth quarter valued at approximately $206,000. Finally, Ifrah Financial Services Inc. bought a new position in shares of ON Semiconductor during the fourth quarter valued at approximately $208,000. Institutional investors own 97.99% of the company’s stock.
A number of research firms recently commented on ON. Vetr raised shares of ON Semiconductor from a “hold” rating to a “buy” rating and set a $26.75 target price for the company in a research report on Monday, January 22nd. Zacks Investment Research cut shares of ON Semiconductor from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. ValuEngine raised shares of ON Semiconductor from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub cut shares of ON Semiconductor from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 26th. Finally, Mizuho increased their target price on shares of ON Semiconductor from $26.00 to $27.00 and gave the company a “buy” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $23.99.
ON Semiconductor Corp (ON) traded down $0.26 during trading hours on Tuesday, hitting $22.54. 4,446,700 shares of the stock were exchanged, compared to its average volume of 8,027,025. The firm has a market capitalization of $9,560.00, a price-to-earnings ratio of 25.33, a P/E/G ratio of 1.06 and a beta of 2.08. ON Semiconductor Corp has a 1 year low of $13.65 and a 1 year high of $25.60. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.97 and a quick ratio of 1.25.
ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data 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. The firm had revenue of $1.38 billion for 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%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. equities research analysts forecast that ON Semiconductor Corp will post 1.73 EPS for the current fiscal year.
In related news, VP Paul E. Rolls sold 16,899 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $21.03, for a total transaction of $355,385.97. Following the sale, the vice president now owns 305,807 shares in the company, valued at $6,431,121.21. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP William Hall sold 22,583 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $23.86, for a total transaction of $538,830.38. The disclosure for this sale can be found here. Insiders sold 43,880 shares of company stock worth $989,468 in the last quarter. Company insiders own 1.40% of the company’s stock.
ON Semiconductor Company 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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