Janney Montgomery Scott LLC lifted its holdings in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 43.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,104 shares of the semiconductor company's stock after purchasing an additional 22,351 shares during the period. Janney Montgomery Scott LLC's holdings in ON Semiconductor were worth $3,015,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of the business. Elequin Capital LP increased its position in ON Semiconductor by 108.3% during the 4th quarter. Elequin Capital LP now owns 527 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 274 shares during the period. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of ON Semiconductor in the 4th quarter valued at $43,000. Plato Investment Management Ltd acquired a new stake in shares of ON Semiconductor during the fourth quarter worth $51,000. Rakuten Securities Inc. raised its stake in ON Semiconductor by 434.6% during the fourth quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company's stock worth $54,000 after buying an additional 691 shares during the last quarter. Finally, Quarry LP lifted its holdings in 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 buying an additional 932 shares during the period. Institutional investors own 97.70% of the company's stock.
ON Semiconductor Stock Performance
NASDAQ ON traded down $0.47 on Wednesday, hitting $53.74. 8,277,472 shares of the stock traded hands, compared to its average volume of 8,206,387. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.32 and a current ratio of 4.95. The business's fifty day moving average is $44.25 and its two-hundred day moving average is $49.00. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $80.08. The firm has a market capitalization of $22.46 billion, a price-to-earnings ratio of 37.32, a PEG ratio of 4.34 and a beta of 1.39.
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 for the quarter, topping the consensus estimate of $0.51 by $0.04. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.40 billion. ON Semiconductor had a return on equity of 17.40% and a net margin of 9.51%. The firm's revenue for the quarter was down 22.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.08 EPS. As a group, equities analysts anticipate that ON Semiconductor Corporation will post 2.6 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages have weighed in on ON. Morgan Stanley initiated coverage on ON Semiconductor in a report on Monday, May 12th. They set an "equal weight" rating and a $39.00 price target for the company. Loop Capital lowered their target price on ON Semiconductor from $65.00 to $55.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. KeyCorp cut their price target on ON Semiconductor from $60.00 to $55.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Robert W. Baird reduced their price target on shares of ON Semiconductor from $42.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, May 6th. Finally, Roth Capital reiterated a "buy" rating and set a $70.00 price objective (up previously from $50.00) on shares of ON Semiconductor in a report on Tuesday, June 17th. Thirteen investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $55.62.
Check Out Our Latest Report 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.
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