Mondrian Capital Management LLC trimmed its position in shares of ON Semiconductor Corp (NASDAQ:ON) by 42.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 130,000 shares of the semiconductor company’s stock after selling 95,000 shares during the quarter. Mondrian Capital Management LLC’s holdings in ON Semiconductor were worth $2,627,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Janus Henderson Group PLC increased its position in ON Semiconductor by 19.4% during the second quarter. Janus Henderson Group PLC now owns 36,912,800 shares of the semiconductor company’s stock worth $746,008,000 after buying an additional 6,008,620 shares during the last quarter. Villere ST Denis J & Co. LLC acquired a new stake in shares of ON Semiconductor in the second quarter valued at about $68,973,000. Rothschild & Co. Asset Management US Inc. acquired a new stake in shares of ON Semiconductor in the second quarter valued at about $33,016,000. Boussard & Gavaudan Investment Management LLP acquired a new stake in ON Semiconductor during the first quarter worth about $21,517,000. Finally, First Trust Advisors LP grew its position in ON Semiconductor by 98.7% during the second quarter. First Trust Advisors LP now owns 1,808,204 shares of the semiconductor company’s stock worth $36,544,000 after buying an additional 898,371 shares in the last quarter. Institutional investors and hedge funds own 97.98% of the company’s stock.
In other ON Semiconductor news, Director Gilles Delfassy sold 3,731 shares of ON Semiconductor stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $18.96, for a total transaction of $70,739.76. Following the completion of the sale, the director now owns 49,208 shares of the company’s stock, valued at approximately $932,983.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Paul E. Rolls sold 11,467 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $22.00, for a total transaction of $252,274.00. The disclosure for this sale can be found here. Insiders sold a total of 48,198 shares of company stock valued at $1,042,444 in the last 90 days. 1.40% of the stock is currently owned by corporate insiders.
A number of research firms recently weighed in on ON. Loop Capital decreased their target price on ON Semiconductor to $23.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. ValuEngine raised ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Thursday, August 8th. Mizuho restated a “buy” rating and set a $26.00 price target on shares of ON Semiconductor in a research note on Monday, August 5th. B. Riley restated a “buy” rating on shares of ON Semiconductor in a research note on Monday, August 5th. Finally, Cowen restated an “outperform” rating and set a $25.00 price target (down previously from $29.00) on shares of ON Semiconductor in a research note on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $24.83.
ON stock traded up $0.74 during trading on Friday, hitting $17.61. The company had a trading volume of 263,302 shares, compared to its average volume of 6,964,678. The company has a quick ratio of 1.41, a current ratio of 2.42 and a debt-to-equity ratio of 1.08. The firm has a 50-day moving average price of $19.85 and a 200-day moving average price of $20.81. ON Semiconductor Corp has a 12 month low of $14.55 and a 12 month high of $23.54. The stock has a market cap of $6.92 billion, a price-to-earnings ratio of 9.01, a PEG ratio of 1.69 and a beta of 2.16.
ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Sunday, August 4th. The semiconductor company reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. ON Semiconductor had a net margin of 9.49% and a return on equity of 25.36%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the company posted $0.46 EPS. ON Semiconductor’s revenue was down 7.4% on a year-over-year basis. Equities analysts expect that ON Semiconductor Corp will post 1.58 EPS for the current year.
ON Semiconductor Profile
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
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