Villere ST Denis J & Co. LLC trimmed its position in shares of ON Semiconductor Corporation (NASDAQ:ON - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 406,817 shares of the semiconductor company's stock after selling 6,910 shares during the quarter. Villere ST Denis J & Co. LLC owned approximately 0.10% of ON Semiconductor worth $16,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of ON Semiconductor by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 51,135,303 shares of the semiconductor company's stock valued at $3,224,081,000 after purchasing an additional 344,354 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of ON Semiconductor by 9.2% in the fourth quarter. Janus Henderson Group PLC now owns 12,377,264 shares of the semiconductor company's stock valued at $780,387,000 after purchasing an additional 1,041,989 shares during the last quarter. Norges Bank acquired a new stake in shares of ON Semiconductor in the fourth quarter valued at about $378,312,000. Allspring Global Investments Holdings LLC grew its position in shares of ON Semiconductor by 26.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,061,245 shares of the semiconductor company's stock valued at $203,462,000 after purchasing an additional 1,055,461 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in ON Semiconductor by 18.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,014,671 shares of the semiconductor company's stock worth $316,195,000 after buying an additional 771,610 shares in the last quarter. 97.70% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms recently weighed in on ON. Mizuho lifted their target price on ON Semiconductor from $60.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday. Morgan Stanley initiated coverage on shares of ON Semiconductor in a research note on Monday, May 12th. They set an "equal weight" rating and a $39.00 price target for the company. Citigroup cut their price target on shares of ON Semiconductor from $52.00 to $40.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. KeyCorp cut their price target on shares of ON Semiconductor from $60.00 to $55.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Loop Capital cut their target price on shares of ON Semiconductor from $65.00 to $55.00 and set a "buy" rating for the company in a research note on Tuesday, May 6th. Thirteen analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $56.08.
Check Out Our Latest Research Report on ON
ON Semiconductor Trading Down 1.3%
Shares of NASDAQ ON traded down $0.72 during midday trading on Friday, reaching $52.93. 7,894,458 shares of the stock were exchanged, compared to its average volume of 8,262,768. The company has a market capitalization of $22.12 billion, a price-to-earnings ratio of 15.34, a P/E/G ratio of 4.32 and a beta of 1.39. ON Semiconductor Corporation has a 12 month low of $31.04 and a 12 month 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. The business has a 50-day simple moving average of $45.39 and a two-hundred day simple moving average of $48.58.
ON Semiconductor (NASDAQ:ON - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The semiconductor company reported $0.55 EPS for the quarter, beating the consensus estimate 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 firm's revenue was down 22.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.08 EPS. As a group, equities research analysts expect that ON Semiconductor Corporation will post 2.6 EPS for the current year.
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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