Barnes Dennig Private Wealth Management LLC bought a new position in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 32,313 shares of the semiconductor company's stock, valued at approximately $1,315,000. ON Semiconductor comprises 2.0% of Barnes Dennig Private Wealth Management LLC's portfolio, making the stock its 18th largest position.
A number of other hedge funds also recently bought and sold shares of the company. Truvestments Capital LLC increased its position in ON Semiconductor by 3.8% during the fourth quarter. Truvestments Capital LLC now owns 5,661 shares of the semiconductor company's stock worth $357,000 after acquiring an additional 207 shares during the period. Assetmark Inc. grew its position in ON Semiconductor by 0.3% in the 4th quarter. Assetmark Inc. now owns 78,495 shares of the semiconductor company's stock worth $4,949,000 after purchasing an additional 235 shares during the last quarter. Huntington National Bank grew its position in ON Semiconductor by 8.9% in the 4th quarter. Huntington National Bank now owns 3,310 shares of the semiconductor company's stock worth $209,000 after purchasing an additional 271 shares during the last quarter. Elequin Capital LP increased its holdings in shares of ON Semiconductor by 108.3% during the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 274 shares during the period. Finally, NewEdge Advisors LLC raised its position in shares of ON Semiconductor by 1.2% during the fourth quarter. NewEdge Advisors LLC now owns 26,552 shares of the semiconductor company's stock valued at $1,674,000 after buying an additional 312 shares during the last quarter. 97.70% of the stock is currently owned by institutional investors.
ON Semiconductor Trading Up 2.3%
ON traded up $1.19 during mid-day trading on Tuesday, reaching $53.60. The stock had a trading volume of 8,774,791 shares, compared to its average volume of 8,260,159. The firm's fifty day simple moving average is $45.74 and its two-hundred day simple moving average is $48.49. The stock has a market capitalization of $22.40 billion, a P/E ratio of 37.22, a P/E/G ratio of 4.32 and a beta of 1.39. ON Semiconductor Corporation has a 52 week low of $31.04 and a 52 week high of $80.08. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.32 and a current ratio of 4.95.
ON Semiconductor (NASDAQ:ON - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.40 billion. ON Semiconductor had a return on equity of 17.40% and a net margin of 9.51%. The firm's quarterly revenue was down 22.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share. On average, equities analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current year.
Analyst Ratings Changes
ON has been the subject of a number of recent research reports. Benchmark dropped their price objective on shares of ON Semiconductor from $60.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Stifel Nicolaus lowered their target price on shares of ON Semiconductor from $52.00 to $42.00 and set a "hold" rating on the stock in a research note on Thursday, April 17th. Citigroup dropped their price target on shares of ON Semiconductor from $52.00 to $40.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Cantor Fitzgerald assumed coverage on ON Semiconductor in a report on Wednesday, June 18th. They set a "neutral" rating and a $55.00 price objective on the stock. Finally, TD Cowen increased their target price on ON Semiconductor from $38.00 to $44.00 and gave the stock a "buy" rating in a report on Tuesday, May 6th. Thirteen investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $56.08.
Get Our Latest Stock Analysis on ON Semiconductor
ON Semiconductor Profile
(
Free Report)
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.
Featured Articles
Before you consider ON Semiconductor, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ON Semiconductor wasn't on the list.
While ON Semiconductor currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
