ON Semiconductor Corp (NASDAQ:ON) Stake Decreased by Brinker Capital Inc.

Brinker Capital Inc. lowered its stake in ON Semiconductor Corp (NASDAQ:ON) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,381 shares of the semiconductor company’s stock after selling 1,495 shares during the quarter. Brinker Capital Inc.’s holdings in ON Semiconductor were worth $832,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of ON Semiconductor by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 43,093,027 shares of the semiconductor company’s stock valued at $794,204,000 after buying an additional 411,056 shares in the last quarter. Vanguard Group Inc raised its holdings in shares of ON Semiconductor by 1.0% during the 3rd quarter. Vanguard Group Inc now owns 43,093,027 shares of the semiconductor company’s stock valued at $794,204,000 after buying an additional 411,056 shares in the last quarter. CFO4Life Group LLC increased its stake in ON Semiconductor by 8.6% in the 4th quarter. CFO4Life Group LLC now owns 29,183 shares of the semiconductor company’s stock worth $482,000 after purchasing an additional 2,316 shares during the period. Caption Management LLC purchased a new position in ON Semiconductor in the 4th quarter worth approximately $1,320,000. Finally, Royal London Asset Management Ltd. increased its stake in ON Semiconductor by 145.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 166,165 shares of the semiconductor company’s stock worth $3,063,000 after purchasing an additional 98,371 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Several equities analysts have recently issued reports on the company. BidaskClub cut ON Semiconductor from a “hold” rating to a “sell” rating in a research note on Wednesday, March 27th. Needham & Company LLC restated a “buy” rating and set a $27.00 price target on shares of ON Semiconductor in a research report on Monday, March 11th. BMO Capital Markets upgraded ON Semiconductor from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $20.00 to $30.00 in a research report on Monday, March 4th. ValuEngine upgraded ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Zacks Investment Research upgraded ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Monday, January 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. ON Semiconductor has a consensus rating of “Hold” and an average target price of $24.82.

In related news, Director Emmanuel T. Hernandez sold 10,000 shares of the stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $22.00, for a total transaction of $220,000.00. Following the completion of the transaction, the director now directly owns 149,655 shares of the company’s stock, valued at $3,292,410. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Emmanuel T. Hernandez sold 30,000 shares of the stock in a transaction that occurred on Friday, January 25th. The shares were sold at an average price of $20.01, for a total value of $600,300.00. Following the transaction, the director now directly owns 159,655 shares of the company’s stock, valued at $3,194,696.55. The disclosure for this sale can be found here. In the last ninety days, insiders sold 70,000 shares of company stock valued at $1,491,900. Corporate insiders own 1.40% of the company’s stock.

ON traded down $0.39 during midday trading on Monday, reaching $22.44. The company had a trading volume of 5,262,226 shares, compared to its average volume of 6,876,863. The company has a quick ratio of 1.32, a current ratio of 2.16 and a debt-to-equity ratio of 0.82. The stock has a market cap of $9.36 billion, a price-to-earnings ratio of 11.45, a PEG ratio of 1.74 and a beta of 2.03. ON Semiconductor Corp has a 1 year low of $14.55 and a 1 year high of $26.38.

ON Semiconductor (NASDAQ:ON) last released its quarterly earnings data on Friday, February 1st. The semiconductor company reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.05. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.50 billion. ON Semiconductor had a return on equity of 26.91% and a net margin of 10.67%. On average, equities analysts anticipate that ON Semiconductor Corp will post 1.83 earnings per share for the current fiscal year.

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ON Semiconductor Company Profile

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.

Further Reading: Stock Split

Institutional Ownership by Quarter for ON Semiconductor (NASDAQ:ON)

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