DekaBank Deutsche Girozentrale increased its position in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 5.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 177,890 shares of the semiconductor company's stock after purchasing an additional 9,268 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in ON Semiconductor were worth $7,127,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank raised its stake in ON Semiconductor by 8.9% during the fourth quarter. Huntington National Bank now owns 3,310 shares of the semiconductor company's stock valued at $209,000 after buying an additional 271 shares during the last quarter. Elequin Capital LP raised its stake in ON Semiconductor by 108.3% during the fourth quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock valued at $33,000 after buying an additional 274 shares during the last quarter. NewEdge Advisors LLC raised its stake in 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. Golden State Wealth Management LLC raised its stake in ON Semiconductor by 83.3% during the first quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock valued at $29,000 after buying an additional 320 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in ON Semiconductor by 1.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 22,369 shares of the semiconductor company's stock valued at $1,304,000 after buying an additional 378 shares during the last quarter. Hedge funds and other institutional investors own 97.70% of the company's stock.
ON Semiconductor Price Performance
Shares of NASDAQ:ON traded up $0.21 during trading on Friday, hitting $59.73. 6,355,578 shares of the company's stock were exchanged, compared to its average volume of 8,357,114. The business's 50-day simple moving average is $48.95 and its 200 day simple moving average is $47.88. The company has a market cap of $24.96 billion, a price-to-earnings ratio of 41.48, a PEG ratio of 4.93 and a beta of 1.43. 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 current ratio of 4.95 and a quick ratio of 3.32.
ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.40 billion. ON Semiconductor had a net margin of 9.51% and a return on equity of 17.40%. The company's revenue was down 22.4% on a year-over-year basis. During the same period last year, the firm posted $1.08 EPS. As a group, equities analysts predict that ON Semiconductor Corporation will post 2.6 EPS for the current year.
Analyst Ratings Changes
A number of research analysts have issued reports on ON shares. Needham & Company LLC lowered their price objective on ON Semiconductor from $57.00 to $50.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. JPMorgan Chase & Co. decreased their price target on ON Semiconductor from $60.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. KeyCorp boosted their price target on ON Semiconductor from $50.00 to $65.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 8th. TD Cowen boosted their price target on ON Semiconductor from $38.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, May 6th. Finally, The Goldman Sachs Group initiated coverage on ON Semiconductor in a research note on Thursday. They issued a "neutral" rating and a $60.00 price target for the company. Fourteen investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $57.65.
Read Our Latest Stock Report on ON
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.
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