Creative Planning purchased a new position in ON Semiconductor Corp (NASDAQ:ON) in the fourth quarter, Holdings Channel reports. The fund purchased 8,527 shares of the semiconductor company’s stock, valued at approximately $208,000.
A number of other large investors have also recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC lifted its holdings in ON Semiconductor by 29.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,444 shares of the semiconductor company’s stock worth $59,000 after acquiring an additional 550 shares during the last quarter. World Asset Management Inc raised its holdings in shares of ON Semiconductor by 5.3% during the third quarter. World Asset Management Inc now owns 13,315 shares of the semiconductor company’s stock valued at $256,000 after buying an additional 671 shares during the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of ON Semiconductor by 3.4% during the fourth quarter. Koshinski Asset Management Inc. now owns 28,875 shares of the semiconductor company’s stock valued at $701,000 after buying an additional 962 shares during the last quarter. Quantum Capital Management raised its holdings in shares of ON Semiconductor by 2.8% during the third quarter. Quantum Capital Management now owns 37,051 shares of the semiconductor company’s stock valued at $712,000 after buying an additional 1,021 shares during the last quarter. Finally, Duncker Streett & Co. Inc. bought a new stake in shares of ON Semiconductor during the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 97.27% of the company’s stock.
NASDAQ ON opened at $21.44 on Friday. ON Semiconductor Corp has a 12 month low of $16.65 and a 12 month high of $25.92. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.54 and a quick ratio of 0.92. The firm has a market capitalization of $8.88 billion, a PE ratio of 42.88, a P/E/G ratio of 1.93 and a beta of 2.27. The company’s 50 day simple moving average is $23.68 and its 200 day simple moving average is $20.94.
ON Semiconductor (NASDAQ:ON) last posted its quarterly earnings data on Monday, February 3rd. The semiconductor company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.02). ON Semiconductor had a net margin of 3.84% and a return on equity of 18.85%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business earned $0.53 EPS. ON Semiconductor’s revenue was down 6.7% compared to the same quarter last year. Sell-side analysts anticipate that ON Semiconductor Corp will post 1.39 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on ON shares. ValuEngine raised ON Semiconductor from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. BMO Capital Markets cut ON Semiconductor from an “outperform” rating to a “market perform” rating and cut their price target for the company from $28.00 to $20.00 in a report on Monday, February 3rd. Bank of America cut ON Semiconductor from a “buy” rating to an “underperform” rating and set a $20.00 price target on the stock. in a report on Monday, February 3rd. Benchmark reaffirmed a “buy” rating and set a $26.00 price target (down previously from $28.00) on shares of ON Semiconductor in a report on Tuesday, February 4th. Finally, BidaskClub cut ON Semiconductor from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. ON Semiconductor currently has an average rating of “Buy” and an average price target of $23.44.
In other ON Semiconductor news, COO William A. Schromm sold 9,513 shares of ON Semiconductor stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $25.50, for a total value of $242,581.50. Following the transaction, the chief operating officer now owns 676,900 shares in the company, valued at $17,260,950. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Paul E. Rolls sold 10,837 shares of ON Semiconductor stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $25.02, for a total transaction of $271,141.74. The disclosure for this sale can be found here. Insiders have sold 196,914 shares of company stock worth $4,885,471 in the last quarter. Company insiders own 1.40% of the company’s stock.
About ON Semiconductor
ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices worldwide. The company operates in three segments: Power Solutions Group, Analog Solutions Group, and Intelligent Sensing Group. The Power Solutions Group segment offers discrete, module, and integrated semiconductor products for various applications, such as power switching and conversion, signal conditioning, circuit protection, signal amplification, and voltage reference.
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