Regents Gate Capital LLP bought a new position in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 167,759 shares of the semiconductor company's stock, valued at approximately $6,826,000. ON Semiconductor accounts for 2.9% of Regents Gate Capital LLP's portfolio, making the stock its 16th largest position.
A number of other institutional investors have also recently modified their holdings of ON. Elequin Capital LP increased 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 worth $33,000 after acquiring an additional 274 shares during the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in ON Semiconductor during the 4th quarter worth about $43,000. Golden State Wealth Management LLC lifted its stake in ON Semiconductor by 83.3% in the 1st 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 in the last quarter. Rakuten Securities Inc. lifted its stake in ON Semiconductor by 434.6% in the 4th quarter. Rakuten Securities Inc. now owns 850 shares of the semiconductor company's stock worth $54,000 after purchasing an additional 691 shares in the last quarter. Finally, Quarry LP increased its holdings in shares of ON Semiconductor by 7,766.7% during the 4th quarter. Quarry LP now owns 944 shares of the semiconductor company's stock worth $60,000 after buying an additional 932 shares during the last quarter. 97.70% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
ON has been the topic of a number of recent research reports. Mizuho lifted their price objective on shares of ON Semiconductor from $60.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, June 26th. Robert W. Baird decreased their price objective 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. Rosenblatt Securities reissued a "neutral" rating and set a $42.00 target price on shares of ON Semiconductor in a research note on Tuesday, May 6th. Benchmark cut their price target on shares of ON Semiconductor from $60.00 to $50.00 and set a "buy" rating on the stock in a report on Tuesday, May 6th. Finally, Needham & Company LLC decreased their price objective on shares of ON Semiconductor from $57.00 to $50.00 and set a "buy" rating for the company in a report on Tuesday, May 6th. Thirteen analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $57.81.
Check Out Our Latest Stock Report on ON
ON Semiconductor Stock Performance
Shares of ON Semiconductor stock opened at $57.62 on Wednesday. The stock's fifty day moving average price is $47.84 and its 200-day moving average price is $48.19. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month high of $80.08. The company has a current ratio of 4.95, a quick ratio of 3.32 and a debt-to-equity ratio of 0.42. The firm has a market cap of $24.08 billion, a P/E ratio of 40.01, a P/E/G ratio of 4.50 and a beta of 1.43.
ON Semiconductor (NASDAQ:ON - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The semiconductor company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. ON Semiconductor had a return on equity of 17.40% and a net margin of 9.51%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the company posted $1.08 EPS. The company's quarterly revenue was down 22.4% on a year-over-year basis. On average, equities research analysts expect that ON Semiconductor Corporation will post 2.6 earnings per share for the current fiscal year.
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.
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
