MUFG Securities EMEA plc bought a new position in shares of ON Semiconductor Corp (NASDAQ:ON) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 137,416 shares of the semiconductor company’s stock, valued at approximately $2,269,000.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Huntington National Bank lifted its stake in shares of ON Semiconductor by 69.2% during the 4th quarter. Huntington National Bank now owns 1,926 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 788 shares in the last quarter. Pearl River Capital LLC bought a new stake in ON Semiconductor during the 4th quarter worth approximately $34,000. Enlightenment Research LLC bought a new stake in ON Semiconductor during the 4th quarter worth approximately $36,000. Financial Gravity Companies Inc. bought a new stake in ON Semiconductor during the 4th quarter worth approximately $56,000. Finally, Massey Quick Simon & CO. LLC bought a new stake in ON Semiconductor during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 94.85% of the company’s stock.
In other news, Director Emmanuel T. Hernandez sold 10,000 shares of the business’s stock in a transaction on Monday, February 11th. The shares were sold at an average price of $22.05, for a total transaction of $220,500.00. Following the completion of the sale, the director now directly owns 139,655 shares of the company’s stock, valued at $3,079,392.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Emmanuel T. Hernandez sold 30,000 shares of the stock in a transaction dated Friday, January 25th. The shares were sold at an average price of $20.01, for a total transaction of $600,300.00. Following the sale, 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 quarter, insiders have sold 70,000 shares of company stock worth $1,491,900. Company insiders own 1.40% of the company’s stock.
ON Semiconductor (NASDAQ:ON) last issued its quarterly earnings results on Friday, February 1st. The semiconductor company reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.05. ON Semiconductor had a net margin of 10.67% and a return on equity of 26.91%. The business had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.50 billion. On average, sell-side analysts anticipate that ON Semiconductor Corp will post 1.83 earnings per share for the current fiscal year.
A number of brokerages have recently commented on ON. BidaskClub lowered shares of ON Semiconductor from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Needham & Company LLC reissued a “buy” rating and issued a $27.00 price target on shares of ON Semiconductor in a report on Monday, March 11th. BMO Capital Markets raised shares of ON Semiconductor from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $20.00 to $30.00 in a report on Monday, March 4th. ValuEngine raised shares of ON Semiconductor from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. Finally, Zacks Investment Research raised shares of ON Semiconductor from a “sell” rating to a “hold” rating in a research report on Monday, January 28th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $24.82.
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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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