LBP AM SA increased its stake in ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 139.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,926 shares of the semiconductor company's stock after buying an additional 50,592 shares during the quarter. LBP AM SA's holdings in ON Semiconductor were worth $3,537,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of ON. Golden State Wealth Management LLC grew its position in ON Semiconductor by 83.3% during the 1st quarter. Golden State Wealth Management LLC now owns 704 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 320 shares during the last quarter. Elequin Capital LP lifted 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 in the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of ON Semiconductor in the first quarter worth about $41,000. Pilgrim Partners Asia Pte Ltd purchased a new position in ON Semiconductor in the 4th quarter worth approximately $43,000. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in ON Semiconductor by 69.5% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,263 shares of the semiconductor company's stock valued at $51,000 after buying an additional 518 shares in the last quarter. 97.70% of the stock is currently owned by institutional investors.
ON Semiconductor Stock Up 0.4%
Shares of ON Semiconductor stock traded up $0.21 on Friday, hitting $59.73. 6,355,578 shares of the company traded hands, compared to its average volume of 8,347,487. The company has a 50-day moving average price of $48.60 and a 200 day moving average price of $48.21. The company has a quick ratio of 3.32, a current ratio of 4.95 and a debt-to-equity ratio of 0.42. ON Semiconductor Corporation has a 12-month low of $31.04 and a 12-month high of $80.08. The company has a market cap of $24.96 billion, a PE ratio of 17.25, a PEG ratio of 4.91 and a beta of 1.43.
ON Semiconductor (NASDAQ:ON - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. ON Semiconductor had a net margin of 9.51% and a return on equity of 17.40%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the firm earned $1.08 EPS. ON Semiconductor's revenue for the quarter was down 22.4% on a year-over-year basis. Sell-side analysts predict that ON Semiconductor Corporation will post 2.6 earnings per share for the current year.
Analyst Ratings Changes
Several research firms recently weighed in on ON. The Goldman Sachs Group started coverage on shares of ON Semiconductor in a report on Thursday. They issued a "neutral" rating and a $60.00 target price for the company. JPMorgan Chase & Co. lowered their target price on shares of ON Semiconductor from $60.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday, May 6th. Mizuho upped their price target on ON Semiconductor from $60.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, June 26th. Loop Capital decreased their target price on ON Semiconductor from $65.00 to $55.00 and set a "buy" rating for the company in a research report on Tuesday, May 6th. Finally, KGI Securities assumed coverage on ON Semiconductor in a research note on Friday, May 23rd. They set a "neutral" rating for the company. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, ON Semiconductor has a consensus rating of "Hold" and a consensus price target of $57.65.
Check Out Our Latest Report on ON
About ON Semiconductor
(
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
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.