Lbp Am Sa Raises Stake in ON Semiconductor Corporation (NASDAQ:ON)

Lbp Am Sa boosted its holdings in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 139.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 86,926 shares of the semiconductor company's stock after buying an additional 50,592 shares during the period. Lbp Am Sa's holdings in ON Semiconductor were worth $3,537,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Elequin Capital LP grew its stake 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 buying an additional 274 shares in the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in ON Semiconductor in the 4th quarter worth approximately $43,000. Golden State Wealth Management LLC grew its position in 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 in the last quarter. Rakuten Securities Inc. raised its stake in shares of ON Semiconductor by 434.6% during the fourth quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company's stock valued at $54,000 after purchasing an additional 691 shares during the period. Finally, Quarry LP lifted its position in shares of ON Semiconductor by 7,766.7% during the fourth quarter. Quarry LP now owns 944 shares of the semiconductor company's stock worth $60,000 after purchasing an additional 932 shares in 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 opened at $59.52 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.95 and a quick ratio of 3.32. The firm has a market capitalization of $24.87 billion, a PE ratio of 41.33, a P/E/G ratio of 4.76 and a beta of 1.43. ON Semiconductor Corporation has a 1-year low of $31.04 and a 1-year high of $80.08. The business's fifty day moving average price is $48.60 and its two-hundred day moving average price is $48.21.

ON Semiconductor (NASDAQ:ON - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates 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 net margin of 9.51% and a return on equity of 17.40%. The company's revenue for the quarter was down 22.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.08 EPS. On average, research analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. KeyCorp raised their price target on shares of ON Semiconductor from $50.00 to $65.00 and gave the company an "overweight" rating in a report on Tuesday. Wells Fargo & Company lifted their target price on ON Semiconductor from $45.00 to $60.00 and gave the stock an "overweight" rating in a research report on Monday, June 16th. Needham & Company LLC dropped their price objective on ON Semiconductor from $57.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. The Goldman Sachs Group assumed coverage on ON Semiconductor in a research note on Thursday. They set a "neutral" rating and a $60.00 target price for the company. Finally, UBS Group restated a "neutral" rating and issued a $55.00 price target (up previously from $45.00) on shares of ON Semiconductor in a research note on Monday. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $57.65.

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.

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