18,285 Shares in ON Semiconductor Corporation (NASDAQ:ON) Acquired by Banque Cantonale Vaudoise

Key Points

• Banque Cantonale Vaudoise has invested approximately $744,000 in ON Semiconductor Corporation, acquiring 18,285 shares during the 1st quarter, as detailed in their latest 13F filing with the SEC.
• ON Semiconductor's recent earnings report showed an EPS of $0.55, surpassing expectations, but revenue decreased by 22.4% compared to the same quarter last year.
• Institutional investors hold 97.70% of ON Semiconductor's stock, reflecting a strong interest from large investment entities in the semiconductor market.

Banque Cantonale Vaudoise acquired a new stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,285 shares of the semiconductor company's stock, valued at approximately $744,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ON. Elequin Capital LP boosted its position in shares of ON Semiconductor by 108.3% in the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 274 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of ON Semiconductor in the fourth quarter valued at about $43,000. Golden State Wealth Management LLC boosted its position in shares of ON Semiconductor by 83.3% in the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 320 shares during the period. Quarry LP boosted its position in shares of ON Semiconductor by 7,766.7% in the fourth quarter. Quarry LP now owns 944 shares of the semiconductor company's stock valued at $60,000 after acquiring an additional 932 shares during the period. Finally, Opal Wealth Advisors LLC bought a new stake in shares of ON Semiconductor in the first quarter valued at about $41,000. 97.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ON has been the subject of several recent analyst reports. Loop Capital cut their price objective on shares of ON Semiconductor from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. UBS Group reaffirmed a "neutral" rating and set a $55.00 price objective (up previously from $45.00) on shares of ON Semiconductor in a research report on Monday, July 7th. Roth Capital reaffirmed a "buy" rating and set a $70.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a research report on Tuesday, June 17th. KeyCorp upped their price objective on shares of ON Semiconductor from $50.00 to $65.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 8th. Finally, Citigroup upped their price objective on shares of ON Semiconductor from $40.00 to $60.00 and gave the stock a "neutral" rating in a research report on Monday, July 7th. Fourteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, ON Semiconductor has a consensus rating of "Hold" and a consensus target price of $56.13.

ON Semiconductor Price Performance

ON traded down $8.85 on Monday, hitting $47.97. 30,266,309 shares of the company's stock traded hands, compared to its average volume of 10,034,458. The company's 50 day simple moving average is $53.83 and its 200-day simple moving average is $47.76. The firm has a market cap of $20.05 billion, a price-to-earnings ratio of 33.31, a P/E/G ratio of 4.67 and a beta of 1.45. ON Semiconductor Corporation has a one year low of $31.04 and a one year high of $78.61. The company has a current ratio of 4.95, a quick ratio of 3.32 and a debt-to-equity ratio of 0.42.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released its earnings results on Monday, August 4th. The semiconductor company reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.45 billion. ON Semiconductor had a net margin of 9.51% and a return on equity of 17.40%. The business's revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. As a group, research analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current 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.